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Republicans move to kill health reform law's individual mandate

By: Paul Demko, Modern Healthcare

Published January 22, 2015 - 9:13am CST

Legislation that would eliminate the health reform law's mandate for most Americans to buy insurance was introduced Wednesday by a pair of senators running the committees with the most influence over health care issues.

XL offers excess professional liability follow-form policy in U.S., Canada

By: Shelby Livingston

Published January 21, 2015 - 3:39pm CST

XL Group P.L.C. has launched an excess professional liability follow-form policy in the United States and Canada.

Jury behind Rick Springfield in concert collision case

Published January 21, 2015 - 3:27pm CST

Rick Springfield, singer of the 1980s pop song “Jessie’s Girl,” did not disable a concertgoer with his butt when he fell during into the audience while performing, a New York jury reportedly ruled last week.

S&P settles ratings fraud charges over mortgage-backed securities

By: Judy Greenwald

Published January 21, 2015 - 3:17pm CST

Standard & Poor’s Corp. has agreed to pay a total of about $77 million to settle charges of fraudulent misconduct in its ratings of certain commercial mortgage-backed securities, the U.S. Securities and Exchange Commission said Wednesday.

Green Bay banking company acquiring consulting firm for $48 million

By: Shelby Livingston

Published January 21, 2015 - 3:14pm CST

The deal which is expected to close in February, could cost as much as $56 million if certain contingencies are met, Green Bay, Wisconsin-based Associated Banc-Corp said in a statement released Jan. 16.

Federal health exchange enrollment hits 7.1 million

By: Jerry Geisel

Published January 21, 2015 - 3:12pm CST

More than 7.1 million individuals signed up for health insurance plans through the federal exchange during the first nine weeks of the 2015 open enrollment season, the U.S. Department of Health and Human Services reported Wednesday.

AIG to acquire Irish health insurer

By: Matthew Lerner

Published January 21, 2015 - 3:06pm CST

American International Group Inc. on Wednesday said it is acquiring Cork, Ireland-based health insurer Laya Healthcare Ltd.

Beheaded woman's husband to receive workers comp benefits

By: Stephanie Goldberg

Published January 21, 2015 - 2:58pm CST

The widower of an Oklahoma worker who was decapitated by her co-worker is entitled to death benefits and lifetime weekly workers compensation benefits, an administrative law judge has ruled.

Google, Viacom win dismissal of children's Internet privacy lawsuit

Published January 21, 2015 - 2:38pm CST

(Reuters) — Google Inc. and Viacom Inc. won the dismissal of a nationwide privacy lawsuit accusing them of illegally tracking the Internet activity of boys and girls who visited Nickelodeon's website in order to send targeted advertising.

Rate of employers seeking residual workers comp cover slowed in 2013

By: Sheena Harrison

Published January 21, 2015 - 2:34pm CST

Workers compensation residual market premiums grew at a slower rate in 2013 compared with 2012, according to the National Council on Compensation Insurance Inc.

Unsealed lawsuits tell of alleged fraud by asbestos law firms

Published January 21, 2015 - 2:26pm CST

(Reuters) — U.S. personal injury lawyers allegedly concealed evidence and induced clients to commit perjury to drive up asbestos-related settlements and garner bigger fees, according to recently unsealed lawsuits.

Huge price gaps for hip, knee replacements 'seemingly random'

Published January 21, 2015 - 2:23pm CST

(Reuters) — Hip and knee replacements, two of the fastest-growing U.S. medical procedures, are subject to huge — and apparently random — price variations within the same geographical areas.

Obama says Affordable Care Act is key to economic recovery

By: Paul Demko, Modern Healthcare

Published January 21, 2015 - 8:52am CST

President Barack Obama described the Affordable Care Act as part of the fabric of middle-class economic recovery as he delivered a State of the Union address to a Republican-controlled Congress intent on dismantling the law.

Guernsey insurance regulator licensed 85 new insurers in 2014

By: Sarah Veysey

Published January 21, 2015 - 8:47am CST

The Guernsey Financial Services Commission, the island’s insurance regulator, on Wednesday said it licensed 85 new international insurers during 2014.

Capsicum Reinsurance Brokers appoints partner to lead facultative division

By: Sarah Veysey

Published January 21, 2015 - 8:40am CST

Malcolm Payton has been appointed partner and head of the facultative division at reinsurance brokerage Capsicum Reinsurance Brokers L.L.P.

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