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Aon Hewitt unveils new health plan design for retirees

By: Jerry Geisel

Published October 30, 2014 - 3:31pm CST

A new retiree health care benefits design unveiled Thursday by Aon Hewitt and linked to its private health insurance exchange will give Medicare-eligible retirees greater financial incentives to select more cost-effective plans, the benefit consultant said.

OFF BEAT: Noriega can continue digital reign of terror in 'Call of Duty'

Published October 30, 2014 - 3:26pm CST

A Los Angeles County judge ruled this week that corrupt former Panamanian dictator and convicted murderer Manuel Noriega cannot stop video game makers from depicting him as a corrupt, murderous dictator because he is Manuel Noriega.

MF Global settles platinum, palladium manipulation claims

Published October 30, 2014 - 2:35pm CST

(Reuters) — The failed MF Global Holdings Ltd. and its broker-dealer unit have agreed to settle class action lawsuits accusing them of manipulating platinum and palladium prices.

Fired adjunct professor's retaliation claim reinstated on appeal

By: Judy Greenwald

Published October 30, 2014 - 2:26pm CST

A federal appeals court has reinstated a retaliation charge filed by an adjunct professor at a community college who was fired after writing a letter complaining about the college.

Target not obligated by law to provide defibrillators in stores: Appeals court

By: Judy Greenwald

Published October 30, 2014 - 2:12pm CST

Target Corp. is not obligated to provide heart defibrillators in its stores, a federal appeals court said after consulting with the California Supreme Court on the issue, though one of its judges said box stores have a “moral obligation” to keep such equipment on hand in case a customer has a heart attack.

N.Y. sheet metal firm to pay $215K for bias against female workers

By: Judy Greenwald

Published October 30, 2014 - 1:50pm CST

A New York construction contractor has agreed to pay $215,000 to settle U.S. Equal Employment Opportunity Commission charges that it discriminated against female sheet metal workers, the agency said Tuesday.

Maximum 2015 FSA contribution allowed increased to $2,550

By: Jerry Geisel

Published October 30, 2014 - 1:41pm CST

The maximum contribution employees will be able to make to their flexible spending accounts will rise in 2015 by $50 to $2,550, while the maximum pretax contribution employees can make to cover mass transit expenses will be unchanged.

Axis, Arch profit up on foreign exchange rate gains

By: Mark A. Hofmann

Published October 30, 2014 - 1:30pm CST

Bermuda-based Axis Capital Holdings Ltd. and Arch Capital Group Ltd. have reported third-quarter earnings more than double those of the prior-year period, owing in part to and foreign exchange gains.

Aspen third quarter income drops on underwriting, takeover bid expenses

By: Matthew Lerner

Published October 30, 2014 - 12:10pm CST

Aspen Insurance Holdings Ltd.’s third quarter net income dropped 65.2% to $37.4 million on higher underwriting expenses and non-recurring corporate expenses reflecting the costs of fending off a hostile takeover bid, the Hamilton, Bermuda-based company said in its earnings statement Wednesday.

Validus profit plunges in third quarter

By: Matthew Lerner

Published October 30, 2014 - 11:30am CST

Validus Holdings Ltd.'s third-quarter net income plunged to $39.7 million from $183.4 million the same period last year as the Pembroke, Bermuda-based underwriter was hit with losses in aviation war and energy.

Kimberly-Clark faces $500M lawsuit over Ebola protection gear

Published October 30, 2014 - 11:08am CST

(Reuters) — A Southern California-based law firm has sued Kimberly-Clark Corp. for more than $500 million, alleging that the Kleenex tissue maker committed fraud by marketing and selling some of its surgical gowns as protection against Ebola.

Cigna says third-quarter revenue increased with customer growth

Published October 30, 2014 - 9:55am CST

Cigna Corp. on Thursday reported a higher-than-expected third-quarter profit as it signed up more medical customers and collected more insurance premiums and administrative fees.

Federal judge blocks new HHS workaround for birth-control coverage

By: Lisa Schencker, Modern Healthcare

Published October 30, 2014 - 9:44am CST

A federal judge in Florida on Tuesday jumped into the latest round in the legal wrangling over a Patient Protection and Affordable Care Act provision involving birth-control coverage and how it applies to religious institutions.

Will the Supreme Court accept the Obamacare subsidy challenge Friday?

By: Lisa Schencker, Modern Healthcare

Published October 30, 2014 - 9:24am CST

The U.S. Supreme Court justices are scheduled on Friday to discuss whether to accept a case with the potential to severely disrupt health coverage for millions of Americans under the Patient Protection and Affordable Care Act. If they take the case, it could introduce an unexpected issue into next Tuesday's elections over the future viability of the healthcare reform law.

Look beyond patients' medical needs: 'Magic' Johnson

By: Sheena Harrison

Published October 29, 2014 - 4:34pm CST

Former Los Angeles Lakers point guard Earvin “Magic” Johnson said health care professionals can help patients just by showing an interest in their lives.