Business Insurance - Web News en-us Sat, 10 Oct 2015 09:21:14 EST 10 U.S. judge approves settlement for Lac-Megantic oil train disaster victims 20151009/NEWS06/151009809 (Reuters) — A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster. Fri, 9 Oct 2015 16:05:04 EST IRS slightly boosts medical outcomes research fee 20151009/NEWS03/151009810 A medical outcomes research fee mandated by the health care reform law and paid by self-funded employers and insurers is going up slightly, the Internal Revenue Service said. Fri, 9 Oct 2015 15:11:17 EST Reinsurance group acquires life and health units 20151009/NEWS03/151009811 Nassau Reinsurance Group L.P. has announced that it will acquire White Plains, New York-based Universal American Corp.’s life and health insurance units for approximately $43 million. Fri, 9 Oct 2015 15:01:27 EST Affiliated investment firms settle SEC trading violations charges 20151009/NEWS06/151009812 Two units of an investment firm will pay more than $1 million to settle Securities and Exchange Commission charges that they improperly shared nonpublic information, the SEC said Thursday. Fri, 9 Oct 2015 14:15:37 EST Towers Watson shareholder says Willis merger 'destroys' value 20151009/NEWS06/151009813 Towers Watson shareholder Driehaus Capital Management said Wednesday in a filing with the SEC that the merger agreement between Willis Group Holdings and Towers “destroys substantial shareholder value.” Towers Watson disagrees. Fri, 9 Oct 2015 14:05:38 EST Worker fired over shrug gets age bias case reinstated 20151009/NEWS06/151009814 A federal appeals court has reinstated an age discrimination claim filed by a 20-year employee of a meat company who was immediately terminated after he only shrugged his shoulders in response to a routine question because his mouth was full of coffee. Fri, 9 Oct 2015 13:52:10 EST Former Senator Nelson resigns as NAIC chief 20151009/NEWS06/151009815 Former U.S. Sen. Earl Benjamin Nelson of Nebraska said Thursday that he would not renew his contract as CEO of the National Association of Insurance Commissioners. His term ends January 2016. Fri, 9 Oct 2015 13:07:44 EST Employers to see comp rates nudge upwards 20151009/NEWS08/151009816 Idaho employers will see slightly higher workers compensation rates in 2016, the state’s Department of Insurance said. Fri, 9 Oct 2015 12:01:38 EST Market slump, low interest rates ding largest pension plans 20151009/NEWS03/151009817 Hit by a downturn in the equities markets and falling interest rates that boosted the value of liabilities, the funded status of very large pension plans slipped in September, according to a Milliman Inc. survey released Friday. Fri, 9 Oct 2015 11:54:36 EST New study outlines global property premiums for commercial sector 20151009/NEWS06/151009818 Just under half of worldwide property insurance premiums in 2014 went to commercial property coverage, according to a new study by London-based Finaccord Ltd., the international market research and consulting company said in a statement Friday. Fri, 9 Oct 2015 11:45:14 EST