Business Insurance

Login  |  Register Subscribe

Most Recent Mid-Market Executive News

Washington health exchange plans double; average rates rise 1.9%

By: Rachel Landen, Modern Healthcare

Published August 28, 2014 - 2:35pm CST

Consumers in Washington state will have more choices in health plans next year and at rates lower than initially proposed, according to information made public by the state's Office of the Insurance Commissioner.

Vermont residents spend less on health care, but clouds are looming

By: Melanie Evans, Modern Healthcare

Published August 27, 2014 - 8:49am CST

With Vermont's ambitions for universal health care by 2017, reports say privately insured patients spent less time hospitalized and used more generic drugs than the average U.S. patient, in lieu of health reform.

Obama administration floats new prescription contraceptive rules

By: Jerry Geisel

Published August 22, 2014 - 3:09pm CST

The Obama administration sought to end a long-running controversy by proposing new ways to enable employees of nonprofit religiously affiliated organizations for prescription contraceptives.

Cover offered via Lloyd's syndicates for commercial marijuana industry

By: Judy Greenwald

Published August 22, 2014 - 3:03pm CST

A recently formed insurance agency is offering the commercial marijuana industry general liability and related insurance coverage on a surplus lines basis through several Lloyd's of London syndicates.

National Financial Partners buys mid-market specialist Benefit Resources

By: Jerry Geisel

Published August 22, 2014 - 12:46pm CST

National Financial Partners Corp. said Friday that it has acquired Cincinnati-based Benefit Resources Inc., which specializes in group benefits, human resources and benefit compliance.

U.S. to tighten restrictions on common opioid painkillers

Published August 22, 2014 - 8:46am CST

(Reuters) — The U.S. government is tightening restrictions on hydrocodone, an opioid painkiller contained in Vicodin and other addictive drugs.

Malware breach at 51 UPS stores 'fully contained': Company

By: Judy Greenwald

Published August 21, 2014 - 2:38pm CST

The UPS Store Inc. said Wednesday that customer data at 51 of its franchised stores in 24 states may have been breached, although the situation is now contained and there is no evidence to date of fraud.

California governor decries Calpers vote on pensions

Published August 20, 2014 - 2:46pm CST

(Reuters) — California Gov. Jerry Brown decried a move by the state's giant public pension fund on Wednesday to include temporary pay hikes in the way pensions are calculated for newly hired workers.

FBI warns health care companies they are targeted by hackers

Published August 20, 2014 - 2:33pm CST

(Reuters) — The FBI has warned that health care industry companies are being targeted by hackers, publicizing the issue following an attack on a U.S. hospital group.

EMT's disability lawsuit over counseling for affair reinstated on appeal

By: Judy Greenwald

Published August 20, 2014 - 2:17pm CST

A former emergency medical technician who was fired after she refused psychological counseling that was required by a supervisor concerned about her “immoral” sexual conduct.

OFF BEAT: Adjuster who drove her way out of a job winds up with settlement

Published August 20, 2014 - 10:19am CST

Even when a loss assessor contributes to losses for the insurer she works for it’s apparently not sufficient grounds in Ireland to fire her.

Washington state high court rules pension benefit reductions constitutional

By: Rob Kozlowski, Pensions & Investments

Published August 20, 2014 - 10:11am CST

The Washington State Supreme Court upheld as constitutional two bills passed by the state Legislature in 2007 and 2011 that reduced benefits for some participants in several of the state's pension funds.

Calpers set to allow 100 extra pay types count toward pensions

Published August 20, 2014 - 9:14am CST

(Reuters) — The California Public Employees' Retirement System, America's largest public pension fund, is expected to approve nearly 100 types of extra pay on Wednesday.

Firm that only let woman truck drivers train with other women biased: Judge

By: Judy Greenwald

Published August 19, 2014 - 1:54pm CST

A federal judge has ruled that a trucking company violated federal law by discriminating against female truck driver applicants when it required they be trained only by other women, said the EEOC.

USI acquiring seven retail brokerages from Willis

By: Matthew Lerner

Published August 18, 2014 - 2:15pm CST

USI Insurance Services L.L.C. will acquire seven retail brokerage offices from certain subsidiaries of Willis North America Inc., part of Willis Group Holdings P.L.C.

Brokers should assess how buyouts will affect the way they service clients

By: Matt Dunning

Published August 17, 2014 - 6:00am CST

When mid-market insurance brokers are acquired by larger competitors, maintaining the client relationships they've spent years developing demands an open dialogue between producers and insurance purchasers about their respective post-sale expectations.

Risk Management Associates happy with broker's acquisition transition process

By: Matt Dunning

Published August 17, 2014 - 6:00am CST

Hands-on placement and advisory services factor in why security firm Risk Management Associates Inc. chose employee health benefits broker and consultant in 2007.

Cliffs director resigns; miner must pay ex-CEO $11 million

Published August 15, 2014 - 10:55am CST

(Reuters) — One of Cliffs Natural Resources Inc.'s few incumbent directors has stepped down and delivered a stinging resignation letter, filings showed on Friday, as the miner separately said it was on the hook for millions of dollars in payments to its former CEO and others in the wake of a proxy fight.

Wellness programs have value beyond medical cost savings: DMEC speaker

By: Stephanie Goldberg

Published August 14, 2014 - 10:14am CST

LAS VEGAS — The business value of having a wellness program and a healthy workforce goes beyond the potential to reduce medical costs.

More large employers to only offer CDHPs: NBGH survey

By: Jerry Geisel

Published August 13, 2014 - 2:06pm CST

WASHINGTON — Large employers are continuing to pare back the type of health care plans they offer to try to keep costs under control, according to a survey released Wednesday by the National Business Group on Health.

Silicon Valley startup launches self-insurance option for smaller firms

Published August 12, 2014 - 3:18pm CST

(Reuters) — The founders of Collective Health, a Silicon Valley startup, say they can help employers save money by self-insuring rather than paying premiums to a health insurance company.

Alliant's ProQuest launches entertainment practice

By: Joanne Wojcik

Published August 12, 2014 - 3:08pm CST

Newport Beach, California-based Alliant Insurance Services Inc.’s ProQuest division has launched an entertainment practice to provide targeted insurance and risk management services to law firms in the entertainment field.

Broadspire offers employers leave-management outsourcing

By: Stephanie Goldberg

Published August 12, 2014 - 2:48pm CST

Third-party administrator Broadspire Services Inc. is launching a suite of integrated disability and absence management services this fall for employers looking to outsource their leave management.

Injured worker who had just quit wins appeal for workers comp

By: Sheena Harrison

Published August 12, 2014 - 2:24pm CST

A Pennsylvania health care firm must pay workers compensation benefits to a former employee who was injured shortly after resigning from his job, the Pennsylvania Commonwealth Court ruled Monday.

Massachusetts employer health insurance penalty set for repeal

By: Jerry Geisel

Published August 12, 2014 - 1:26pm CST

A Massachusetts health reform law board is scheduled to vote for the final time to repeal regulations relating to a state statute that required employers to either offer health care coverage to their employees or pay a fine.