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Subscriber only, premium content. Friday, March 27


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Premera Blue Cross facing five lawsuits over data breach

By: Judy Greenwald

Published March 27, 2015 - 2:38pm CST

At least five lawsuits seeking class action status have been filed in federal court in Seattle by policyholders of Premera Blue Cross in connection with the data breach announced March 17 that affected about 11 million customers.

JLT Specialty launches environmental team

By: Shelby Livingston

Published March 27, 2015 - 1:54pm CST

JLT Specialty Insurance Services Inc., a unit of Jardine Lloyd Thompson Group P.L.C., has launched an environmental team with several former Aon Risk Solutions executives.

Urine testing a frontline defense against comp-based opioid abuse

By: Stephanie Goldberg

Published March 27, 2015 - 1:41pm CST

Urine drug testing is one of the few tools that allow payers and physicians to monitor compliance and aberrant behavior among injured workers on opioids, speakers said during a webinar by pharmacy benefit manager myMatrixx, the marketing name of Matrix Healthcare Services Inc.

D&O liability premiums down 7.4% in 2014 fourth quarter

By: Judy Greenwald

Published March 27, 2015 - 1:31pm CST

Companies’ directors and officers liability premiums for both primary and excess layers dropped 7.4% in the fourth quarter of 2014 from the prior-year period, driven by continuing rate decreases in the excess layers, according to Aon Risk Solutions’ latest D&O index report.

Former American Apparel CEO seeking $40 million in damages

Published March 27, 2015 - 10:51am CST

(Reuters) — The founder and former CEO of American Apparel Inc., Dov Charney, plans to file a lawsuit claiming $40 million in damages for breaches of his employment contract, and more lawsuits are planned, his attorney said on Friday.

Air crash co-pilot's sick notes, alleged depression raises liability questions

Published March 27, 2015 - 10:35am CST

(Reuters) — German authorities found torn-up sick notes showing that the pilot who crashed a plane into the French Alps was suffering from an illness that should have grounded him on the day of the tragedy, which he apparently hid from the airline.

Yemen conflict may drive up marine insurance rates

Published March 27, 2015 - 10:22am CST

(Reuters) — Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupting the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia and driving up insurance costs.

This week's Top 10 features on BusinessInsurance.com

Published March 27, 2015 - 6:00am CST

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

Ameriprise to pay $27.5 million in settlement with 401(k) participants

By: Robert Steyer, Pensions & Investments

Published March 26, 2015 - 4:12pm CST

Ameriprise Financial Inc., Minneapolis, will pay $27.5 million as part of a preliminary settlement with participants in its 401(k) plan, said a court document published Thursday.

German police search house of pilot who flew A320 into mountain

Published March 26, 2015 - 3:44pm CST

(Reuters) — A young German co-pilot locked himself alone in the cockpit of Germanwings flight 9525 and set it on course to crash into a mountain, killing all 150 people on board including himself, prosecutors said on Thursday.

Nurse allergic to floor wax qualifies for workers comp

By: Sheena Harrison

Published March 26, 2015 - 2:48pm CST

A Pennsylvania nurse should receive workers compensation benefits for exposure to a floor wax that caused her to have breathing problems, even though she has since moved on to a new part-time job and is no longer experiencing asthma symptoms.

Insurer not required to defend trademark infringement case

By: Judy Greenwald

Published March 26, 2015 - 2:45pm CST

Selective Insurance Co. of America was not required to defend a trademark infringement suit filed by a lighting company because its policy covered only slogan infringement, an appeals court said Thursday in upholding a lower-court ruling.

Bermuda reinsurer exiting business

By: Shelby Livingston

Published March 26, 2015 - 1:41pm CST

AQR Re Management Ltd., the reinsurance arm of Greenwich, Connecticut-based AQR Capital Management L.L.C., will stop writing business April 1.

'Farmville' firm must face lawsuit alleging fraud tied to IPO

Published March 26, 2015 - 11:44am CST

(Reuters) — Zynga Inc. must face a lawsuit accusing the online gaming company known for “FarmVille” of defrauding shareholders about its prospects before and after its December 2011 initial public offering.

Congress tries to kill health care law again

By: Virgil Dickson, Modern Healthcare

Published March 26, 2015 - 11:11am CST

President Barack Obama on Wednesday remained upbeat and defiant against his health care reform law's naysayers during a White House event to celebrate the controversial law's fifth birthday.

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