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Worker can't sue employer's insurer over amputated hand under Texas' opt-out law

By: Sheena Harrison

Published November 24, 2014 - 2:52pm CST

A man who was injured while working for a Texas employer who opted out of the state workers compensation system can't sue the company's liability insurer after his hand was amputated in a work accident until his employer's liability toward him has been established, the Texas Supreme Court has ruled.

Massachusetts insurance commissioner to join med mal insurer

By: Shelby Livingston

Published November 24, 2014 - 2:45pm CST

Massachusetts Insurance Commissioner Joseph Murphy plans to resign from his post to join the private sector in January.

HHS warns employers about skimpy health plans

By: Jerry Geisel

Published November 24, 2014 - 2:03pm CST

The U.S. Department of Health and Human Services is warning employers that group health care plans that do not provide coverage for inpatient hospital and physician services will not pass the health care reform law’s “minimum value” test, the second federal agency to do so.

Winter storm insured losses could exceed $2.5B in 2014: III

By: Matthew Lerner

Published November 24, 2014 - 1:11pm CST

Insured losses from winter storms could exceed $2.5 billion in 2014 as severe storms gripped much of the nation last week, the Insurance Information Institute Inc. said Monday.

Liberty Mutual expands cyber coverage for commercial buyers

By: Shelby Livingston

Published November 24, 2014 - 12:25pm CST

Liberty Mutual Insurance Co. on Monday said it is offering cyber coverage to users of its commercial package products and monoline general liability policies for small and midsize businesses.

HHS proposes third-year fee of $27 for ACA reinsurance program

By: Jerry Geisel

Published November 24, 2014 - 10:44am CST

Self-funded employers and other health care plan sponsors would have to pay $27 for each health plan enrollee in the third and final year of the Transitional Reinsurance Program authorized by the health care reform law, federal regulators proposed Friday.

India moves closer to insurance market reforms

Published November 24, 2014 - 9:58am CST

(Reuters) — India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence.

RenaissanceRe to buy Platinum Underwriters for $1.9B

Published November 24, 2014 - 9:56am CST

(Reuters) — RenaissanceRe Holdings Ltd. said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. for about $1.9 billion to boost its U.S. business.

Airmic welcomes vote to modernize U.K. terrorism reinsurance backstop

By: Sarah Veysey

Published November 24, 2014 - 9:24am CST

Airmic Ltd., the U.K. risk management association, has welcomed a vote by the members of Pool Reinsurance Co. Ltd., the United Kingdom’s government-guaranteed terrorism backstop, to implement changes that it believes will make Pool Re more attractive to insurance buyers.

Attacks on hospital nurses trigger state laws to protect them

By: Stephanie Goldberg

Published November 23, 2014 - 6:00am CST

Recent acts of violence against health care employees are leading more states to take action to protect medical workers' safety.

Cyber breaches could prompt cooperation in Congress

By: Judy Greenwald

Published November 23, 2014 - 6:00am CST

With Republicans gaining control of the U.S. Senate in January, long-stalled cyber security legislation finally stands a strong chance of gaining approval by Congress and being signed into law.

NIST revealing next steps to bolster cyber security

By: Judy Greenwald

Published November 23, 2014 - 6:00am CST

The National Institute of Standards and Technology, which proposed a voluntary cyber security framework for critical U.S. infrastructure last year, plans to issue a report next month on its intended next steps.

Workers compensation insurer rate cuts may follow profitable 2014

By: Sheena Harrison

Published November 23, 2014 - 6:00am CST

Workers compensation insurers could see their first year of underwriting profitability in nearly a decade due to rate increases, an improving economy, and a focus on data analytics that has helped improve underwriting and workplace safety.

Many private health exchange options for post-65 retirees

By: Joanne Wojcik

Published November 23, 2014 - 6:00am CST

There are as many as 100 private exchange options available to employers offering post-65 retiree health benefits, according to research by the Henry J. Kaiser Family Foundation.

Supreme Court reviewing pivotal health insurance exchange premium subsidy case

By: Jerry Geisel

Published November 23, 2014 - 6:00am CST

The ability of employers to slash their early retiree health care costs will depend on the outcome of an upcoming U.S. Supreme Court decision on whether federal premium subsidies authorized by the health care reform law can be used by retirees to purchase coverage in federal health insurance exchanges.