Business Insurance

Login  |  Register Subscribe

Most Recent News

Employers to see lower workers comp rates in Delaware

By: Bill Kenealy

Published January 28, 2015 - 2:52pm CST

An 11.5% decrease in Delaware voluntary workers compensation rates has been approved based on a recommendation from the Delaware Compensation Rating Bureau.

Wireless carrier settles deceptive ad allegations

Published January 28, 2015 - 2:19pm CST

(Reuters) — TracFone Wireless Inc., owned by America Movil S.A.B. de C.V., has agreed to pay $40 million to reimburse customers who purchased prepaid unlimited data plans that turned out to have maximum limits, the Federal Trade Commission said Wednesday.

Many wellness programs improve worker health, lower costs

By: Matt Dunning

Published January 28, 2015 - 2:15pm CST

More employers believe their workplace wellness programs have had a positive effect on their employees' health and reduced health care costs, but fewer are calculating their programs' total return on investment, according to new survey data.

Kmart paying $102,000 for not hiring kidney patient

By: Judy Greenwald

Published January 28, 2015 - 1:43pm CST

The Equal Employment Opportunity Commission has reached a $102,048 settlement with Kmart Corp. over its drug screening policy with regard to an applicant with kidney disease, which is the third such suit it has settled.

Marsh explains the new reality of risk in the commercial market

By: Mark A. Hofmann

Published January 28, 2015 - 1:25pm CST

The commercial property insurance market appears likely to continue softening in the first quarter of this year, according to the head of Marsh L.L.C.’s property practice.

Veterans' exemption from employer mandate OK'd by Senate committee

By: Jerry Geisel

Published January 28, 2015 - 1:01pm CST

More small employers would be shielded from a health care reform law provision that requires employers to offer coverage or be liable for a stiff financial penalty under legislation approved Wednesday by the Senate Finance Committee.

Big insurer groups push Senate on cyber security bill

By: Judy Greenwald

Published January 28, 2015 - 12:44pm CST

Thirty-five organizations, including big insurance trade groups, have sent a letter to the U.S. Senate urging the quick passage of a cyber security information-sharing bill that also offers them a safe harbor against frivolous lawsuits.

Linux makers release patch to thwart new 'Ghost' cyber threat

Published January 28, 2015 - 10:44am CST

(Reuters) — Red Hat Inc. and other makers of the widely used Linux operating system for business computers updated their software on Tuesday to thwart a serious new cyber threat they warned could allow hackers to gain remote control of their systems.

Health reform law clear on allowing subsidies, Obama administration says

By: Lisa Schencker, Modern Healthcare

Published January 28, 2015 - 10:34am CST

The nation's health care reform law is clear in allowing Americans in all states to get insurance premium tax credits as Congress intended, the Obama administration argues in its main brief filed with the Supreme Court in the widely watched King v. Burwell case.

Ace fourth-quarter income drops on variable annuity reinsurance accounting

By: Matthew Lerner

Published January 28, 2015 - 10:32am CST

Ace Ltd.'s fourth quarter 2014 net income dropped 44.4% from the same period a year earlier to $555.0 million as earnings were hit by, among other factors, accounting charges related to the company's variable annuity reinsurance business that also hit yearly profits, the company said Tuesday.

Willis helps launch political risk model for foreign investments

By: Sarah Veysey

Published January 28, 2015 - 10:00am CST

A risk model launched Wednesday by Willis Group Holdings P.L.C. and consulting firm Oxford Analytica enables companies to assess and compare the financial implications of exposure to six different political risk perils across 11 industry types in 100 countries, according to a joint statement from the companies.

Anthem's profit beats forecast as enrollments rise

Published January 28, 2015 - 9:47am CST

(Reuters) — Health insurer Anthem Inc. reported a better-than-expected quarterly profit, helped by an increase in premium revenue and memberships for its government plans, particularly in the Medicaid program.

Secret pot farm harshes fraudster's mellow

Published January 28, 2015 - 9:23am CST

A penchant for insurance fraud has helped nip a man's marijuana growing operation in the bud.

Public exchange enrollment tops 9.5 million

By: Jerry Geisel

Published January 27, 2015 - 3:14pm CST

More than 9.5 million individuals signed up for health insurance plans through the federal and state exchanges during the first nine weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Tuesday.

Cyber risk management course offered by The Institutes

By: Shelby Livingston

Published January 27, 2015 - 2:57pm CST

The Institutes on Tuesday said it has launched a course focused on mitigating cyber risk exposures and responding to cyber threats.