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Most Recent Mid-Market Executive News

Louisiana to cut workers compensation insurance rates by 2.4%

By: Stephanie Goldberg

Published December 17, 2014 - 1:15pm CST

Louisiana businesses will see a 2.4% cut in workers compensation insurance rates as of May 1, 2015, according to the state’s insurance department.

Integro acquires bloodstock broker Howard Global Insurance Services

By: Sarah Veysey

Published December 17, 2014 - 9:32am CST

New York-based Integro Ltd. has acquired London-based Howard Global Insurance Services Ltd., a Lloyd's of London broker that specializes in bloodstock, Integro announced Wednesday.

Public health exchange enrollment could increase up to 70% in 2015: Consultant

By: Jerry Geisel

Published December 16, 2014 - 12:47pm CST

Enrollment in public health insurance exchanges by the end of 2015 is projected to increase between 40% and 70%, with enrollment falling in a range of between 9.5 million and 11.5 million, a health care consultant estimates.

New York City asbestos court tops 'judicial hellholes' list for 2014

By: Mark A. Hofmann

Published December 16, 2014 - 11:34am CST

The New York City Asbestos Litigation court heads the American Tort Reform Foundation's 2014-2015 list of “Judicial Hellholes,” released Tuesday.

Electronic payment intermediary Charge Anywhere reports data breach

By: Judy Greenwald

Published December 15, 2014 - 2:06pm CST

Charge Anywhere L.L.C., a firm that operates as an intermediary between retailers' point-of-sale systems and their payment processors, has reported that an unauthorized hacker may have had access to its consumer data.

U.S. corporate health exchanges find no new blue chip clients

Published December 15, 2014 - 10:22am CST

(Reuters) — Companies in the health care sector have invested hundreds of millions of dollars to build exchanges that allow company employees to buy their own insurance, betting that Corporate America wants to get out of managing workers' health benefits.

Congress gives final OK to bill allowing multiemployer pension plan benefit cuts

By: Jerry Geisel

Published December 15, 2014 - 9:20am CST

Trustees of financially distressed multiemployer pension plans would be allowed to cut participants' benefits to prevent the plans from becoming insolvent under legislation given final congressional approval Saturday.

Surplus lines insurer James River raises $231 million in IPO

By: Bill Kenealy

Published December 12, 2014 - 2:48pm CST

Hamilton, Bermuda-based James River Group Holdings Ltd., the parent company of excess and surplus lines insurer James River Insurance Co., raised about $231 million in its initial public offering Friday.

Alliant acquires New York employee benefits provider

By: Shelby Livingston

Published December 11, 2014 - 12:47pm CST

Specialty insurance broker Alliant Insurance Services Inc. on Thursday announced it has acquired New York-based employee benefits provider The Camps Group L.L.C.

Pioneer Special Risk begins underwriting at Lloyd's of London

By: Shelby Livingston

Published December 09, 2014 - 2:28pm CST

New York-based Pioneer Special Risk, a unit of Pioneer Underwriting Ltd., on Tuesday announced it has obtained Lloyd's of London coverholder status and has started underwriting management and professional liability lines.

COMMENTARY: Women to Watch stretch assignment leads to new role

By: Joanne Wojcik

Published December 07, 2014 - 6:00am CST

When Brian Duperreault, CEO of Hamilton Insurance Group Inc., suggested in his keynote speech at the Bermuda Captive Conference earlier this year that women need to take “stretch assignments” to move up the corporate ladder, it reminded me of all those “extra credit” assignments I completed back in high school. Teachers promised those assignments could help boost my grade...

Arthur J. Gallagher acquires Australia-based brokerage Blue Holdings

By: Shelby Livingston

Published December 05, 2014 - 3:14pm CST

Arthur J. Gallagher & Co. has acquired Brisbane, Australia-based insurance brokerage and risk management firm Blue Holdings Pty Ltd.

Nodak Mutual acquires South Dakota auto MGA, underwriting firms

By: Shelby Livingston

Published December 05, 2014 - 11:48am CST

Property/casualty insurer Nodak Mutual Insurance Co. has acquired Spearfish, South Dakota-based managing general agent Tri-State Ltd. and Spearfish-based specialty underwriter Primero Insurance Co.

New U.S. cyber security prosecutor unit to focus on prevention

Published December 04, 2014 - 11:34am CST

(Reuters) — The U.S. Justice Department is creating a unit within the criminal division to advise on electronic surveillance in cyber investigations and work with the private sector to prevent online crime.

Few states move to establish health exchanges despite subsidies' legal peril

By: Paul Demko, Modern Healthcare

Published December 03, 2014 - 8:40am CST

The Democrat-controlled Illinois Legislature appears poised to approve legislation this week establishing a state-based insurance exchange.