Business Insurance

Login  |  Register Subscribe



Most Recent News

Women pay more than men for health care benefits: Mercer

By: Joanne Wojcik

Published October 24, 2014 - 3:40pm CST

Women pay more for health benefits and receive less coverage, according to researchers at Mercer L.L.C.

IRS allows use of annuities in target-date fund series

By: Robert Steyer, Pensions & Investments

Published October 24, 2014 - 3:33pm CST

The Internal Revenue Service on Friday said defined contribution plans’ use of a target-date fund series containing deferred annuities won’t violate IRS rules against DC plans discriminating in favor of higher paid employees, as long as other IRS guidelines are followed.

U.S. appeals court rules for GM in Spyker's Saab sale lawsuit

Published October 24, 2014 - 2:44pm CST

(Reuters) — General Motors Co. persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker N.V. accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.

Daughters of Charity Health System church plan challenged

By: Hazel Bradford, Pensions & Investments

Published October 24, 2014 - 2:39pm CST

Another church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

OFF BEAT: Soccer league red cards ref over comp fraud charge

Published October 24, 2014 - 2:18pm CST

A Major League Soccer referee has been kicked to the sidelines by his employer for allegedly committing alleged workers compensation fraud.

Jury awards one-armed security guard $35,922 in EEOC discrimination case

By: Judy Greenwald

Published October 24, 2014 - 1:34pm CST

A federal jury in Miami has awarded a one-armed security guard $35,922 in a U.S. Equal Employment Opportunity Commission discrimination case over his removal from his post after a customer complained about his disability.

Donna Nadeau named COO of XL North America property/casualty insurance operations

By: Matthew Lerner

Published October 24, 2014 - 1:06pm CST

XL Group P.L.C. has named Donna Nadeau chief operating officer of its North America property/casualty insurance business, the Dublin-based company said Friday.

Oregon workers comp assessment rate steady at 6.2% for 2015

By: Stephanie Goldberg

Published October 24, 2014 - 12:24pm CST

The Oregon Workers' Compensation Division said Wednesday that insurers will see no change to the current workers compensation assessment rate of 6.2% in 2015.

Investments drive Berkley's strong third-quarter profit

By: Mark A. Hofmann

Published October 24, 2014 - 11:27am CST

W.R. Berkley Corp.'s net income for the third quarter of 2014 surged 37.6% over that of the same period in 2013 to $188.5 million, driven in part by strong investment results, the insurer reported.

Northrop must face whistleblower anti-missile lawsuit

Published October 24, 2014 - 10:59am CST

(Reuters) — A Chicago federal judge on Thursday rejected Northrop Grumman Corp.'s bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft.

This week's Top 10 features on BusinessInsurance.com

Published October 24, 2014 - 6:00am CST

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

Chubb sees profit of $594M in third quarter

By: Mark A. Hofmann

Published October 23, 2014 - 3:45pm CST

Chubb Corp. reported 2014 third-quarter net income of $594 million, a 9.8% increase from the same period last year, the insurer said Thursday.

Everest Re profit up 17.1% in third quarter

By: Matthew Lerner

Published October 23, 2014 - 3:17pm CST

Everest Re Group Ltd. reported third-quarter net income of $274.9 million, an increase of 17.1% over the same period last year, as net written premiums grew and the company’s combined ratio improved.

International group introduces capital standard formula for insurers

By: Mark A. Hofmann

Published October 23, 2014 - 1:56pm CST

The International Association of Insurance Supervisors on Thursday said it has developed the first global insurance capital standard.

Senators want rules on corporate pension de-risking

By: Jerry Geisel

Published October 23, 2014 - 1:36pm CST

The chairmen of two Senate committees are asking the heads of several federal agencies to develop guidance on one of the hottest defined benefit pension plan trends: employer moves to “de-risk” the plans.

Next