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Council of Insurance Agents and Brokers elects chairman for 2015

By: Mark A. Hofmann

Published October 15, 2014 - 10:11am CST

Steve Brockmeyer, president and CEO of Pasadena, California-based Bolton & Co. was elected as 2015 chairman of the Washington-based Council of Insurance Agents and Brokers on Tuesday.

Brokers launch business interruption cover for Ebola, other pandemics

By: Sarah Veysey

Published October 15, 2014 - 10:00am CST

Miller Insurance Services L.L.P. and William Gallagher Associates Insurance Brokers Inc. on Wednesday launched a pandemic disease business interruption insurance coverage product.

OFF BEAT: House is built, but there’s a lot of trouble

Published October 15, 2014 - 9:23am CST

A house is only as good as the lot it sits on. And when that lot belongs to the neighbors, it’s not much good.

IN FOCUS Video: Health Exchange Plans vs. COBRA

Published October 14, 2014 - 4:24pm CST

In our latest weekly video, we examine how the Affordable Care Act is affecting the health care coverage options available to individuals who lose their job-based health insurance.

Adding urine testing reduces opioid use and costs for comp patients

By: Stephanie Goldberg

Published October 14, 2014 - 4:02pm CST

In coordination with clinical monitoring and oversight, urine drug testing reduces the use of and amount paid for high-risk medications, including opioids, among injured workers, according to new studies by Helios.

SEC's Piwowar takes a swing at 'broken windows' enforcement policy

Published October 14, 2014 - 3:18pm CST

(Reuters) — A top U.S. Securities and Exchange Commission official said on Tuesday the agency’s the “broken windows” enforcement strategy, of pursuing violations big or small, hinders its ability to set priorities and maintain robust, healthy markets.

Chrysler recalls 184,215 SUVs for possible air bag issue

Published October 14, 2014 - 1:57pm CST

(Reuters) — Chrysler Group L.L.C. is recalling an estimated 184,215 sport utility vehicles globally because a possible short circuit in a part could disable air bags and seat-belt pretensioners, the automaker said on Tuesday.

RIMS report highlights benefits of effective claims reporting, management

By: Mark A. Hofmann

Published October 14, 2014 - 1:37pm CST

RIMS has issued a new executive report entitled “Claims Reporting and Management Practices” that shows how effective claims reporting and management can contribute to an organization in both financial and nonfinancial ways

OFF BEAT: Man denies inventing bitcoin; seeks bitcoins, cash to fund lawsuit

Published October 14, 2014 - 1:21pm CST

A California man who claims he was falsely identified by Newsweek magazine as the inventor of bitcoin is seeking donations, in the form of credit card payments, checks and bitcoins, to fund a lawsuit against the news outlet.

USI expands in Northwest with purchase of employee benefits broker

By: Joanne Wojcik

Published October 14, 2014 - 12:23pm CST

USI Insurance Services L.L.C. has acquired Wallace Insurance Inc./Scott Insurance Services, a middle-market employee benefits broker based in Anchorage, Alaska.

Kmart removes malware called undetectable by anti-virus systems

By: Judy Greenwald

Published October 14, 2014 - 12:14pm CST

Kmart's payment data systems have been infected with a form of malware that is undetectable by current anti-virus systems, says its parent company, Sears Holdings Corp.

Russian hackers target NATO, Ukraine and others: iSight

Published October 14, 2014 - 11:37am CST

(Reuters) — Russian hackers exploited a bug in Microsoft Windows and other software to spy on computers used by NATO, the European Union, Ukraine and companies in the energy and telecommunications sectors, according to cyber intelligence firm iSight Partners.

JLT hires Aon exec Sarah Stephens to head cyber business

By: Sarah Veysey

Published October 14, 2014 - 9:09am CST

Jardine Lloyd Thompson Group P.L.C. has appointed Sarah Stephens as head of cyber, technology and media errors and omissions in its speciality financial lines group.

Widespread safety issues identified at Bangladesh clothing factories

Published October 14, 2014 - 8:53am CST

(Reuters) — Inspectors hired by a group of Western clothing brands have found safety problems at all the Bangladesh factories they visited as part of an initiative launched after a building collapse last year killed more than 1,100 workers.

Airlines need tough rules to stop battery fires: Global advisory group

Published October 13, 2014 - 4:40pm CST

(Reuters) — An advisory panel has recommended tightening restrictions on bulk shipments of lithium batteries via commercial airplanes, after a fiery crash that pointed to the risks of the volatile batteries on board aircraft.

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