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SEC's information technology at risk of hacking: Report

Published April 18, 2014 - 3:34pm CST

(Reuters) — The Securities and Exchange Commission has failed to protect its data network against possible breaches, to encrypt highly sensitive information, or to use strong enough passwords, the Government Accountability Office said on Thursday.

OFF BEAT: Court backs TV network in transgendered man's quick change

Published April 18, 2014 - 3:28pm CST

Despite the incredible amount of foresight frequently displayed by the framers of our constitution, it is highly unlikely that even they would have predicted that the First Amendment would someday be applied to the wardrobe of a transgendered individual.

Retailer Michaels Stores confirms payment card data breach

Published April 18, 2014 - 3:19pm CST

(Reuters) — Michaels Stores Inc., the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.

Florida law bars pregnancy discrimination: Florida Supreme Court

By: Judy Greenwald

Published April 18, 2014 - 2:37pm CST

Florida's civil rights law prohibits pregnancy discrimination despite not explicitly saying so, says the Florida Supreme Court in overturning a lower court decision and ruling on the issue for the first time.

Plant manager's age bias lawsuit reinstated by appeals court

By: Judy Greenwald

Published April 18, 2014 - 1:48pm CST

A 62-year-old man who was terminated from his position as a printing plant facilities manager has provided sufficient evidence to establish he may have been unlawfully replaced by a younger employee, despite the company's claims to the contrary, says an appeals court, in reversing a lower court ruling and reinstating an age discrimination lawsuit.

Endurance names Richard Housley head of global property insurance practice

By: Kate Shepherd

Published April 18, 2014 - 1:10pm CST

Endurance Specialty Holdings Ltd. has named Richard Housley as executive vice president and global practice leader for property insurance, the Pembroke, Bermuda-based insurer said Friday.

Property/casualty insurance industry welcomes TRIA report

By: Mark A. Hofmann

Published April 18, 2014 - 12:56pm CST

Property/casualty insurance groups are welcoming a new government report they say demonstrates the need for an extension of the federal government's terrorism insurance backstop program.

Indiana workers comp claims higher, growing faster than similar states: Study

By: Sheena Harrison

Published April 18, 2014 - 12:33pm CST

Workers compensation medical payments in Indiana are costlier and growing at a faster rate than medical claim payments in comparable states, the Workers Compensation Research Institute said this week.

GM says recalled cars safe, but has not tested for knee-bump danger

Published April 18, 2014 - 12:20pm CST

(Reuters) — General Motors Co. says cars being recalled because of faulty ignition switches can be driven safely before repairs, based on more than 80 tests, but the automaker has not addressed a problem long known to potentially shut off the engine: a simple bump from a driver's knee.

Auto air bag maker Continental named in GM recall suit

Published April 18, 2014 - 11:58am CST

(Reuters) — Plaintiffs lawyers are seeking to draw Continental Automotive Systems U.S., the maker of air bag systems in recalled General Motors Co. vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.

Compensation battle rages four years after BP's U.S. oil spill

Published April 18, 2014 - 11:19am CST

(Reuters) — Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, La., and some islanders are fed up with hearing from BP that the crisis is over.

Lululemon yoga pants lawsuits in U.S. win final dismissals

Published April 18, 2014 - 11:13am CST

(Reuters) — A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc. and various company officials of defrauding shareholders by concealing defects in yoga pants.

California sees health exchange surge as open enrollment ends for 2014

Published April 18, 2014 - 9:50am CST

(Reuters) — Thanks to a final April surge, California's health care exchange marketplace enrolled a total of 1.4 million people in private health insurance plans, state officials announced Thursday.

Mercer projects health reform law's 2015 penalties, HSA and HDHP tax limits

By: Matt Dunning

Published April 18, 2014 - 9:00am CST

Mercer L.L.C. has projected the amounts employers can expect to pay in 2015 for failing to comply with the health care reform law's “play or pay” provisions in a report released on Tuesday.

This week's Top 10 features on BusinessInsurance.com

Published April 18, 2014 - 6:00am CST

Find out which of this week's features on BusinessInsurance.com were the most popular.

PPACA enrollment tops 8 million, Obama says

By: Paul Demko, Modern Healthcare

Published April 17, 2014 - 4:44pm CST

Enrollment in health plans sold on Obamacare's insurance exchanges has reached 8 million, and 35% of those who signed up through HealthCare.gov are under the age of 35, President Barack Obama said Thursday.

EEOC lawsuit on behalf of diabetic Walgreen employer can proceed: Judge

By: Judy Greenwald

Published April 17, 2014 - 3:09pm CST

A disability discrimination lawsuit filed on behalf of an 18-year Walgreen Co. worker with diabetes who was terminated after she allegedly ate a bag of chips without paying for it to stave off a low-blood sugar attack, can proceed.

Insurance market appears to be tightening on TRIA backstop fears: Report

By: Mark A. Hofmann

Published April 17, 2014 - 2:51pm CST

Uncertainty over the future of the federal terrorism insurance backstop appears to be causing “tightening” in the terrorism insurance market, according to a report released Thursday by the President's Working Group on Financial Markets.

Judge rejects NCAA's gender argument in college athletes' likeness rights suit

By: Matt Dunning

Published April 17, 2014 - 2:27pm CST

The NCAA cannot justify its policy against paying student-athletes for the licensed use of their likenesses for broadcasts and merchandising by arguing that the policy ultimately supports women's college athletic programs.

Aspen attempts to thwart Endurance takeover bid

By: Matthew Lerner

Published April 17, 2014 - 2:26pm CST

Aspen Insurance Holdings Ltd.'s board has adopted a shareholders rights plan to fend off an unsolicited offer by Endurance Specialty Holdings Ltd. to buy Aspen for $3.2 billion in cash and stock.

OFF BEAT: French tech workers refuse to surrender their free time

Published April 17, 2014 - 2:17pm CST

Are you tired of getting emails from your boss outside of working hours? Then you should consider moving to France and getting a job in the tech industry.

BP employee settles SEC insider-trading gulf oil spill case

Published April 17, 2014 - 1:55pm CST

(Reuters) — A former 20-year veteran of BP P.L.C. who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.

Few merger and acquisition lawsuits lead to big money: Study

By: Judy Greenwald

Published April 17, 2014 - 1:34pm CST

Only 2% of lawsuits filed in response to merger and acquisition deals that settled in 2013 produced significant monetary returns for shareholders, says a new study by Cornerstone Research Inc.

Vermont captive insurer law updated to allow 'dormant' status

By: Rodd Zolkos

Published April 17, 2014 - 1:27pm CST

Vermont Gov. Peter Shumlin has signed a bill updating Vermont’s captive insurer law, including the creation of a “dormant” status for captives that have ceased operation but might be used to finance risk again in the future.

GM exploring compensation program for ignition-switch victims: Lawyer

Published April 17, 2014 - 11:55am CST

(Reuters) — A lawyer for General Motors Co. said for the first time Wednesday that the company is moving to develop a program that could compensate individuals affected by a faulty ignition switch in millions of recalled vehicles.

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