Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Sat, 30 Aug 2014 07:03:38 EST 10 Brink's offers lump-sum payment to former employees http://businessinsurance.com/article/20140829/NEWS03/140829835 20140829/NEWS03/140829835 The Brink's Co., Richmond, Va., announced on Friday it has offered certain former employees who are vested in its U.S. defined benefit plan the option to accept a lump sum. Fri, 29 Aug 2014 16:32:18 EST Ex-Little Caesar manager sues over denial of same-sex spousal benefits http://businessinsurance.com/article/20140829/NEWS03/140829836 20140829/NEWS03/140829836 A former Little Caesar Enterprises Inc. employee has sued the company for denying spousal health insurance to married same-sex couples in California. Fri, 29 Aug 2014 15:27:38 EST S&P downgrades Cooper Gay credit rating to B- http://businessinsurance.com/article/20140829/NEWS04/140829837 20140829/NEWS04/140829837 Standard & Poor's Corp. has downgraded Cooper Gay Swett & Crawford Ltd.'s credit rating to B- from B due to disappointing operational performance through the first half of 2014. Fri, 29 Aug 2014 15:00:31 EST IRS issues draft copies of health care coverage reporting forms http://businessinsurance.com/article/20140829/NEWS03/140829838 20140829/NEWS03/140829838 The Internal Revenue Service has issued draft copies of the health care coverage forms employers will have to provide to full-time employees and to the IRS starting in 2016. Fri, 29 Aug 2014 14:54:05 EST Flexible spending account cap expected to rise in 2015 http://businessinsurance.com/article/20140829/NEWS03/140829839 20140829/NEWS03/140829839 The maximum contribution employees will be able to make to their flexible spending accounts is expected to rise in 2015 by $50 to $2,550, according to Buck Consultants at Xerox calculations. Fri, 29 Aug 2014 14:49:20 EST Senior execs increasingly more hands-on in medical stop-loss decisions: Study http://businessinsurance.com/article/20140829/NEWS03/140829840 20140829/NEWS03/140829840 As high-cost medical claims continue to rise among employers that self-insure their group health benefits, the number of senior executives, financial officers and risk managers involving themselves in their company’s decisions regarding stop-loss... Fri, 29 Aug 2014 14:13:23 EST Ohio high court lets 'new' arena football team shed past comp experience http://businessinsurance.com/article/20140829/NEWS08/140829841 20140829/NEWS08/140829841 Workers compensation rates for an arena football team’s new owner should not be based on the “entire” experience rating of the team under its former owner, the Ohio Supreme Court has ruled. Fri, 29 Aug 2014 13:17:32 EST JLT shuffles execs, merges specialty units http://businessinsurance.com/article/20140829/NEWS04/140829842 20140829/NEWS04/140829842 Jardine Lloyd Thompson Group P.L.C. said Friday that JLT Re CEO Alastair Speare-Cole will leave the company as Mark Drummond Brady is appointed deputy group CEO. Fri, 29 Aug 2014 12:13:33 EST Aon Benfield secures reinsurance capacity for Aegis London cyber coverage http://businessinsurance.com/article/20140829/NEWS04/140829843 20140829/NEWS04/140829843 Reinsurance intermediary Aon Benfield Group Ltd. Fri, 29 Aug 2014 11:57:58 EST Lufthansa's Germanwings pilots strike as pension row rumbles on http://businessinsurance.com/article/20140829/NEWS03/140829844 20140829/NEWS03/140829844 (Reuters) — Pilots at Lufthansa's budget carrier Germanwings staged a six-hour strike on Friday, disrupting travel plans of thousands of people returning from summer holidays and putting pressure on Lufthansa management in a pension scheme dispute. Fri, 29 Aug 2014 10:05:41 EST