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XL proposes $3.9 billion takeover of Catlin

By: Sarah Veysey

Published December 17, 2014 - 8:59am CST

XL Group P.L.C. has approached rival insurer and reinsurer Catlin Group Ltd. with a proposed takeover offer of about £2.5 billion ($3.93 billion).

Lockheed Martin reaches agreement to settle 401(k) fee case

By: Hazel Bradford, Pensions & Investments

Published December 17, 2014 - 8:22am CST

A class action lawsuit brought by employees of Lockheed Martin Corp., Bethesda, Maryland, alleging excessive 401(k) plan fees is in the process of being settled.

Ex-Sony employees sue, claim company failed to protect personal data

Published December 17, 2014 - 7:15am CST

(Reuters) — Sony Pictures Entertainment Inc. has been sued by two former employees who accuse the studio of failing to protect Social Security numbers, salaries and other data from computer hackers who attacked it last month.

Tina Mallie named CEO of Spencer Re

By: Shelby Livingston

Published December 16, 2014 - 3:13pm CST

Spencer Re has named Tina Mallie as CEO, the Spencer Capital Holdings Ltd. unit announced Tuesday.

Nearly 2.5 million enrolled in federal health plan exchange for 2015 to date

By: Jerry Geisel

Published December 16, 2014 - 3:05pm CST

Nearly 2.5 million individuals signed up for health insurance plans through the federal exchange during the first four weeks of the 2015 open enrollment, the Centers for Medicare and Medicaid Services reported Tuesday.

Alaska tech firm to pay $2.5M in bribery and kickback scheme

By: Judy Greenwald

Published December 16, 2014 - 2:49pm CST

An Alaska technology firm has agreed to pay $2.5 million to settle False Claims Act and Anti-Kickback Act charges that two of its units submitted false claims to the U.S. Army Corps of Engineers, the Justice Department said Monday.

Kerry says Russia sanctions could end if Putin takes right steps

Published December 16, 2014 - 2:06pm CST

(Reuters) — Russia has made constructive moves in recent days toward reducing tensions in Ukraine, U.S. Secretary of State John Kerry said Tuesday, raising the possibility that Washington could lift sanctions if Moscow keeps taking positive steps.

Opioids top comp payers' concerns, but compounded drugs gain scrutiny

By: Stephanie Goldberg

Published December 16, 2014 - 1:54pm CST

While the use of opioids remains a top concern for workers compensation payers, compounded drugs are a leading emerging issue, according to a new survey.

Hub International Insurance Services names commercial risk division manager

By: Shelby Livingston

Published December 16, 2014 - 1:49pm CST

Hub International Insurance Services Inc., a unit of Hub International Ltd., on Tuesday said it has named James Gervang as senior vice president and manager of its commercial risk division.

'Moving beast' of cybercrime will provide insurers challenges in 2015

By: Judy Greenwald

Published December 16, 2014 - 1:31pm CST

Insuring cyber risks will be one of the biggest challenges facing insurers next year, says Ernst & Young L.L.P., in an analysis issued by its London unit Tuesday.

Verisk Insurance Solutions updates commercial property underwriting tools

By: Bill Kenealy

Published December 16, 2014 - 1:05pm CST

Analytics provider Verisk Insurance Solutions on Tuesday said it has released an updated set of underwriting tools for commercial property.

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.

TRW Automotive Holdings agrees to annuity buyout with MetLife for U.S. retirees

By: Rob Kozlowski, Pensions & Investments

Published December 16, 2014 - 12:46pm CST

TRW Automotive Holdings Inc., Livonia, Michigan, purchased a group annuity contract from MetLife Inc. in a $440 million transaction to provide pension benefits to more than 7,000 TRW retirees and beneficiaries, said Shelly Iacobelli, director, pensions and benefits, in an email.

ISO offers insurance options for commercial drones

By: Shelby Livingston

Published December 16, 2014 - 11:54am CST

Verisk Analytics Inc.’s Insurance Services Office Inc. unit has developed endorsements to address the liability exposure of commercial drones.

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.

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