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Moderate hurricane season predicted, but storm risks remain

By: Matthew Lerner

Published May 24, 2015 - 6:00am CST

Hurricane forecasters predict a strong El Niņo weather pattern this year will likely lead to another quiet Atlantic hurricane season, but there's a caveat: similar conditions prevailed in 1992, which was the last time a Category 5 storm struck the United States.

Court rules for insurers in case of data that fell off truck

By: Judy Greenwald

Published May 24, 2015 - 6:00am CST

A Connecticut Supreme Court ruling holding that insurers are not obligated to defend or indemnify the loss of data under general liability and umbrella insurance could increase interest in cyber insurance.

NHL may follow football's lead on concussion lawsuits

By: Sheena Harrison

Published May 24, 2015 - 6:00am CST

Concussion-related lawsuits by professional football players are likely to guide the National Hockey League's legal strategy in similar cases filed by retired hockey players, including the possibility they will be settled out of court.

Employers welcome private health insurance exchanges as cost-cutting tools

By: Bill Kenealy

Published May 24, 2015 - 6:00am CST

MINNEAPOLIS — Private health insurance exchanges are enabling employers to dampen rising costs for benefits they provide to employees and changing benefits professionals' view of their roles.

Shift to on-demand workforce exposes gaps in disability insurance

By: Stephanie Goldberg

Published May 24, 2015 - 6:00am CST

ORLANDO, Fla. — Workers compensation needs to evolve to keep up with today's growing on-demand economy, experts urge.

Health care reform's 'Cadillac' excise tax complicating labor talks

By: Karen Pallarito

Published May 24, 2015 - 6:00am CST

The health care reform law's so-called “Cadillac tax” on employer health plans doesn't take effect until 2018, but it already is complicating employer contract negotiations with unions.

Biosimilar drugs may curb health care costs

By: Shelby Livingston

Published May 24, 2015 - 6:00am CST

The first biosimilar drug approved for the U.S. market has put the spotlight on how such medications could help employers with their ongoing health care cost battle, while biologic-drug makers are fighting biosimilars in court.

Lloyd's of London wary of market aggregation of cyber risk

By: Sarah Veysey

Published May 24, 2015 - 6:00am CST

Lloyd's of London is taking steps to ensure it avoids a “dangerous aggregation” of insurance related to cyber risks while uncertainty remains about potential fallout should there be a catastrophic cyber attack.

Cyber insurance claims disputes start heading to court

By: Judy Greenwald

Published May 24, 2015 - 6:00am CST

Insurers are fighting having to pay for the settlement of a data breach suit or providing a defense for allegedly mishandled data in early challenges to relatively new cyber coverage, but they also raise a longtime issue: the need to negotiate the terms of an insurance contract.

Nurses struggle with injuries despite lifting aids

By: Bill Kenealy

Published May 24, 2015 - 6:00am CST

As nurses and other health care workers continue to suffer high levels of lifting-related musculoskeletal injuries, safety managers are working to establish workplace patient handling regimens before proposed legislation would mandate such procedures nationwide.

Enterprise risk management helps firms, but results hard to measure

By: Bill Kenealy

Published May 24, 2015 - 6:00am CST

CHICAGO — As the discipline of enterprise risk management matures, risk managers are highlighting the benefits ERM brings to their organization even if they cannot attach a direct dollar value.

Insurance industry welcomes U.S. regulatory reform efforts

By: Mark A. Hofmann

Published May 24, 2015 - 6:00am CST

Insurer provisions of a wide-ranging proposal to reform the financial services regulatory process are drawing generally favorable reviews from property/casualty insurance industry observers.

Time to ax the health care Cadillac tax

Published May 24, 2015 - 6:00am CST

If there is one provision in the health care reform law for which there should be bipartisan agreement on repeal, it is the one that will impose a stiff excise tax on health care premiums that exceed statutory limits. Specifically, starting in 2018, a 40% excise tax, widely known as the “Cadillac tax”, will be slapped on group health care premiums that exceed $10,200 for single...

Cyber insurance claims disputes test uncharted legal territory

By: Gavin Souter

Published May 24, 2015 - 6:00am CST

There’s been a rush of cyber risk events over the past few weeks, and at first blush it’s mainly bad news for risk managers.

Managing risk inside the Mercedes-Benz Superdome

Published May 24, 2015 - 6:00am CST

In the latest episode of Business Insurance In Focus, we get some inside perspective on how risk management challenges are handled at the Mercedes-Benz Superdome in New Orleans.

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