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Most Recent News

Worksite health centers set to expand

By: Shelby Livingston

Published May 28, 2015 - 8:35am CST

While less than half of large U.S. employers offering on-site health facilities plan to add new centers, the majority expect to broaden the on-site health services they currently offer, a new survey shows.

401(k) balances hit record, but few employees manage accounts

By: Jerry Geisel

Published May 28, 2015 - 8:31am CST

Employees' 401(k) plan account balances and participation rates both hit records in 2014, according to a new analysis.

Wal-Mart, Tracy Morgan settle lawsuit related to accident

Published May 27, 2015 - 3:09pm CST

(Reuters) — Wal-Mart Stores Inc. said it settled a lawsuit with the representatives of comedian Tracy Morgan and two others, who were seriously injured in an accident involving its truck.

International air tragedies put U.S. pilots under microscope

By: Judy Greenwald

Published May 27, 2015 - 2:27pm CST

The Federal Aviation Administration said Wednesday it is working with the commercial aviation and medical communities to study U.S. commercial pilots’ emotional and mental health in light of the recent crash of one plane and the disappearance of another.

Many Americans have no retirement savings

Published May 27, 2015 - 2:13pm CST

(Reuters) — Many Americans are not financially prepared for retirement, with almost a third of working adults without savings or a pension, according to a Federal Reserve survey published on Wednesday.

Massachusetts comp bill would assist lowest-paid workers

By: Stephanie Goldberg

Published May 27, 2015 - 1:55pm CST

A Massachusetts bill that would improve access to medical care and increase benefits for injured workers in the state has been heard by the state's Joint Committee on Labor and Workforce Development.

Underwriter to focus on health care professional and general liability

By: Shelby Livingston

Published May 27, 2015 - 1:46pm CST

New York-based Pioneer Special Risk, a unit of Pioneer Underwriting Ltd., on Wednesday said it has begun underwriting allied health care professional and general liability through Lloyd’s of London.

Insurers must share liability for worker's disability, court rules

By: Sheena Harrison

Published May 27, 2015 - 12:59pm CST

A Connecticut workers compensation commissioner had authority to require Liberty Mutual Insurance Co. to reimburse another insurer for half of the workers comp benefits paid to an injured worker, the Connecticut Supreme Court has ruled.

Ironshore expands kidnap and ransom cover to Latin America

By: Shelby Livingston

Published May 27, 2015 - 12:05pm CST

Ironshore International Ltd., a unit of Hamilton, Bermuda-based insurer Ironshore Inc., has extended its kidnap and ransom insurance coverage to Latin America-based clients.

Catastrophe loss data service launched for Turkey

By: Shelby Livingston

Published May 27, 2015 - 11:42am CST

Verisk Analytics Inc.’s Property Claim Services unit has teamed with a Turkish consulting firm to provide loss estimates for catastrophes in Turkey.

Guy Carpenter U.S. chief exits

By: Matthew Lerner

Published May 27, 2015 - 11:12am CST

Andrew Marcell has left Guy Carpenter & Co. L.L.C. and has been replaced as CEO of U.S. operations on an interim basis by Britt Newhouse, the reinsurance brokerage’s chairman.

Takata faces questions over air bag fix as recalls expand

Published May 27, 2015 - 11:07am CST

(Reuters) — Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp. are exploding with too much force, meaning consumers cannot be certain replacement inflators installed under a sweeping recall are safe, industry officials involved in the process said.

IRS loses appeal in offshore reinsurance tax case

By: Matthew Lerner

Published May 27, 2015 - 11:06am CST

Validus Reinsurance Ltd. has won a second court victory in its attempts to have the taxation of a type of offshore reinsurance ended.

Nevada Assembly OKs retirement benefit changes

By: Rob Kozlowski, Pensions & Investments

Published May 27, 2015 - 10:52am CST

The Nevada State Assembly passed a bill that would make changes to retirement ages and cost-of-living adjustments for certain participants in the $34.8 billion Nevada Public Employees’ Retirement System, Carson City.

Bermuda insurer names new CEO of global reinsurance

By: Shelby Livingston

Published May 27, 2015 - 10:50am CST

Stephen Young has been named CEO of global reinsurance of Endurance Specialty Holdings Ltd. effective Jan. 1, replacing Jerome Faure, who will retire at the end of the first quarter of 2016.

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