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Most Recent News

Irish financial adviser's fraud scheme runs out of luck

Published July 01, 2015 - 11:30am CST

The luck of the Irish ran out last week for a financial adviser who admitted to fraudulently creating fictitious life insurance policies for nonexistent clients.

Apple more than 'innocent bystander' in e-book price fixing

Published July 01, 2015 - 11:11am CST

(Reuters) — A divided federal appeals court on Tuesday upheld a judge’s ruling that Apple Inc. had conspired with five publishers to increase e-book prices, in a win for the U.S. Justice Department.

Insurers to get almost $8 billion in health care reform reimbursements

By: Jerry Geisel

Published July 01, 2015 - 10:52am CST

The federal government will pay out nearly $8 billion in claims reimbursements to 437 health insurers under a reinsurance program created by the health care reform law.

Employers look to private exchanges to control health costs

By: Shelby Livingston

Published July 01, 2015 - 9:41am CST

LAS VEGAS — The 40% excise tax on high-cost health care plans set to go into effect in 2018 is driving employer interest in private health insurance exchanges as a way to control costs and avoid the tax.

Ace buys Chubb for $28.3 billion

By: Sarah Veysey

Published July 01, 2015 - 7:56am CST

Ace Ltd. will acquire Chubb Corp. for about $28.3 billion, the companies announced Wednesday.

Oklahoma court rules earthquake victim can sue oil companies

Published June 30, 2015 - 5:11pm CST

(Reuters) — An Oklahoma woman who was injured when an earthquake rocked her home in 2011 can sue oil companies for damages, the state’s highest court ruled on Tuesday, opening the door to other potential lawsuits against the state’s energy companies.

Broker expands into New England with acquisitions

By: Donna Mahoney

Published June 30, 2015 - 4:58pm CST

Virginia insurance broker The Hilb Group L.L.C. on Tuesday said it has acquired two New England brokers: benefits advisory firm Cornerstone Group and property/casualty and employee benefits broker Gencorp Insurance Group.

Insurance quiz greets backers of Boston’s 2024 Olympics bid

Published June 30, 2015 - 3:04pm CST

Show me the insurance, city officials told proponents of Boston’s bid for the 2024 Olympic Games.

Aerospace premiums down for eighth year in a row

By: Donna Mahoney

Published June 30, 2015 - 2:57pm CST

An Aon P.L.C. report released Tuesday says aerospace sector premiums have fallen for the eighth consecutive year.

High expectations for Willis, Towers Watson merger

By: Mark A. Hofmann & Matthew Lerner

Published June 30, 2015 - 2:49pm CST

Market analysts gave a general thumbs up to the proposed merger of Willis Group Holdings P.L.C. and Towers Watson & Co. announced Tuesday.

Employers worry about changing overtime exemption

By: Judy Greenwald

Published June 30, 2015 - 2:43pm CST

Attorneys who represent employers are worried the U.S. Department of Labor will issue a final proposal that will change the so-called “white collar exemptions” for overtime without giving employers the opportunity to comment on the issue first.

By the Numbers: Willis-Towers Watson merger

Published June 30, 2015 - 2:26pm CST

By the end of 2015, Willis Group Holdings P.L.C. will merge with human resources consultancy Towers Watson & Co. to form a company valued at about $18 billion.

Policy covers Nordic region directors and officers

By: Joyce Famakinwa

Published June 30, 2015 - 12:23pm CST

Property/casualty insurer Ace Bermuda International has launched the Ace Nordic directors and officers liability policy.

Marijuana ruled 'reasonable and necessary' for injured worker's pain relief

By: Stephanie Goldberg

Published June 30, 2015 - 12:09pm CST

The New Mexico Court of Appeals has again ruled that medical marijuana should be classified as “reasonable and necessary medical care” for an injured worker.

Financier ordered to pay $18 million in harassment case

Published June 30, 2015 - 12:00pm CST

(Reuters) — A federal jury on Monday ordered the CEO of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation.