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Health care reform credited with $7.4 billion drop in uncompensated care

By: Virgil Dickson, Modern Healthcare

Published March 24, 2015 - 9:55am CST

Hospitals’ uncompensated-care costs in Medicaid expansion states were reduced by $5 billion in 2014, according to a Health and Human Services report published Monday, the fifth anniversary of President Obama’s signature health care law.

Republicans eye budget maneuver to pass GOP subsidies fix

By: Paul Demko, Modern Healthcare

Published March 24, 2015 - 9:54am CST

House Ways and Means Chair Paul Ryan, R-Wis., says Republicans need to have a plan in place by June 20 to respond if the U.S. Supreme Court strikes down subsidies in up to 37 states.

Allianz leads insurance coverage on Germanwings crash

By: Sarah Veysey

Published March 24, 2015 - 8:39am CST

Allianz S.E. is the lead insurer of the coverage for the Germanwings GmbH plane that crashed in the French Alps on Tuesday.

Congress finally takes up cyber insurance

By: Mark A. Hofmann

Published March 24, 2015 - 8:07am CST

The shape of the cyber insurance market continues to shift, according to an insurance executive who testified before Congress' first formal hearing on cyber insurance.

Massachusetts fines Merrill Lynch $2.5 million for rule lapse

Published March 23, 2015 - 3:43pm CST

(Reuters) — Bank of America's Merrill Lynch brokerage unit agreed to pay a $2.5 million fine in Massachusetts to settle charges that it failed to follow its own compliance rules, the state's top securities regulator said on Monday.

Obama marks health care reform's fifth anniversary

By: Matt Dunning

Published March 23, 2015 - 3:38pm CST

President Obama on Monday commemorated the fifth anniversary of his signing of his landmark health care reform law by touting the act's successes in the face of heavy political opposition.

Fireman's Fund to pay $44 million to settle U.S. charges

Published March 23, 2015 - 3:01pm CST

(Reuters) — Fireman's Fund Insurance Co. agreed to pay $44 million to settle U.S. charges that it knowingly issued policies that did not qualify for the U.S. Department of Agriculture's federal crop insurance program, and also falsified documents.

Hartford coverage targets private schools

By: Shelby Livingston

Published March 23, 2015 - 2:50pm CST

Hartford Financial Services Group Inc. has launched Educators Professional Choice, a customizable package of management and professional liability insurance products designed for private schools, colleges and universities.

Cross Insurance acquires independent agency

By: Shelby Livingston

Published March 23, 2015 - 2:21pm CST

Cross Insurance, a unit of Cross Financial Corp., on Monday announced it has acquired Wellesley, Massachusetts-based independent insurance agency Corcoran & Havlin Insurance Group.

Arbitration award favoring Hartford subsidiary upheld

By: Judy Greenwald

Published March 23, 2015 - 1:32pm CST

A U.S. appeals court has refused to overturn an arbitration award granted to Hartford Financial Services Group Inc. units in a dispute with a Scottsdale Insurance Co. unit.

Employers should lead scrutiny on compounded drugs, physician dispensing

By: Stephanie Goldberg

Published March 23, 2015 - 12:36pm CST

Employers should work with brokers, claims administrators and pharmacy benefit managers to control workers compensation medical costs related to compounded drugs and physician dispensing.

Willis taps Marsh exec as global alternative risk transfer chief

By: Shelby Livingston

Published March 23, 2015 - 12:10pm CST

Willis Group Holdings P.L.C. has named former Marsh Ltd. executive Marc Paasch to the newly created position of global head of alternative risk transfer solutions, the broker announced Monday.

Pentagon wraps up new acquisition rules to protect weapons from cyber attacks

Published March 23, 2015 - 10:54am CST

(Reuters) — The U.S. Defense Department is taking aggressive action to bolster the security of U.S. weapons systems against cyber attacks, including issuing new rules for acquisitions that will be finalized in coming months, officials told Reuters.

U.K. government, insurers double down on cyber risk

By: Sarah Veysey

Published March 23, 2015 - 10:05am CST

The U.K. government has announced a set of joint initiatives with the insurance sector aimed at improving the suitability and availability of cyber insurance and risk management against cyber attacks.

Online ad revenue at risk in war on 'click fraud'

Published March 23, 2015 - 9:56am CST

(Reuters) — A growing number of U.S. companies, including including global insurer American International Group Inc. and MillerCoors, are stepping up the battle against online ad fraud by demanding proof that their ads have been seen by real people instead of computers hijacked by cyber criminals.

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