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State comp bureau recommends rate cut for public employers

By: Sheena Harrison

Published August 28, 2015 - 2:50pm CST

The Ohio Bureau of Workers’ Compensation has recommended a 9% cut in workers compensation rates next year for public employers in the state, the agency said Friday.

Ashley Madison parent company CEO quits after infidelity data hack

Published August 28, 2015 - 10:58am CST

(Reuters) — Noel Biderman, the chief executive of infidelity website Ashley Madison's parent company Avid Life Media Inc., has left the company, weeks after hackers launched a cyber assault that leaked sensitive data about millions of clients.

Ohio announces first cell captive under new law

By: Donna Mahoney

Published August 27, 2015 - 2:22pm CST

Ohio insurance regulators announced they have licensed Columbus, Ohio-based Imprise Financial P.C.C. Inc. as Ohio's first cell captive insurer.

Dole Food CEO, lawyer ordered to pay nearly $150 million for fraud

By: Matthew Lerner

Published August 27, 2015 - 12:03pm CST

The Chancery Court of Delaware has ordered Dole Food Co. Inc. CEO David Murdock and General Counsel C. Michael Carter to pay more than $148 million dollars to investors for fraud, the court said in a decision Thursday.

Cigna cleared of stealing firm's points-based wellness plan

By: Matt Dunning

Published August 25, 2015 - 3:32pm CST

An Illinois appeals court says Cigna Corp. did not steal its concept for a points-based workplace wellness program from a competing health insurer.

Number of employers hit by Cadillac tax expected to grow over years

By: Shelby Livingston

Published August 25, 2015 - 12:59pm CST

An analysis released Tuesday projected that 26% of employers offering health care benefits could trigger the Cadillac tax in 2018 unless they make changes to their plans.

Brokers launch scaffold insurance for construction industry

By: Joyce Famakinwa

Published August 25, 2015 - 12:06pm CST

ProSight Global Inc. said that it has teamed with Allied Insurance Brokers Inc. to launch a scaffold insurance program for the construction industry.

California insurance cover transfer ruling may change the game

By: Mark A. Hofmann

Published August 25, 2015 - 11:10am CST

The California Supreme Court's decision that transferring insurance coverage in a merger or acquisition does not require insurer consent could have ramifications beyond the Golden State, according to legal observers.

Ebola training helps improve health care worker safety

By: Gloria Gonzalez

Published August 25, 2015 - 10:16am CST

ORLANDO, Fla. — Improved training on the handling of patients with infectious diseases may have contributed to a sharp decline in the rate of health care workers infected with Ebola.

Proposed Zurich, RSA merger receives lukewarm response

By: Sarah Veysey

Published August 25, 2015 - 9:50am CST

Zurich Insurance Group Ltd.'s offer for rival RSA Insurance Group P.L.C. is being greeted with muted reaction from industry observers.

Target settles with EEOC on race, gender bias charges in hiring

Published August 24, 2015 - 4:33pm CST

(Reuters) — Target Corp. has agreed to pay $2.8 million to settle a U.S. Equal Employment Opportunity Commission charge that it used hiring tests that disproportionately screened out candidates for various professional positions based on race and gender.

Coalition takes aim at health reform law's 40% excise tax

By: Jerry Geisel

Published August 21, 2015 - 2:36pm CST

A coalition of employers, insurers and unions on Friday urged federal lawmakers to repeal the health care reform law's so-called Cadillac tax.

Gimme a C! … for copyright

Published August 21, 2015 - 2:01pm CST

No matter how you toss and tumble the idea of precisely what constitutes a cheerleader uniform, a federal appeals court has decided that it most certainly can be copyrighted.

Transfer of coverage allowed after corporate restructuring

By: Mark A. Hofmann

Published August 21, 2015 - 11:54am CST

Transferring insurance coverage in a merger or acquisition does not require insurer consent, the California Supreme Court has ruled.

California workers comp premiums could see another reduction

By: Gloria Gonzalez

Published August 21, 2015 - 10:47am CST

California regulators are proposing another reduction in average premiums for workers compensation coverage amid improving loss experience in the system.

Government, industry veteran to lead employee benefit resource group

By: Jerry Geisel

Published August 20, 2015 - 2:00pm CST

Harry Conaway, a long-time benefits consultant and a former benefits regulator at the U.S. Treasury Department, will become the next chief executive officer of the Employee Benefit Resource Institute, EBRI announced Thursday.

Willis buys Australian rival

By: Matthew Lerner

Published August 20, 2015 - 11:21am CST

Willis Australia, part of Willis Group Holdings P.L.C., has acquired Perth, Australia-based CKA Risk Solutions Pty. Ltd., Willis said in a statement Thursday.

Prosecutors say Uber's background checks missed murderers, sex offenders

Published August 20, 2015 - 9:49am CST

(Reuters) — California prosecutors have broadened their civil lawsuit against popular online ride-sharing service Uber, alleging that its background checks missed people previously convicted of murder and sex crimes, court records show.

An ounce of prevention ...

By: Mark A. Hofmann

Published August 20, 2015 - 8:24am CST

That old adage about preparedness being worth a pound of cure is no more apparent than with Katrina, says a Wharton School study of the ability to bounce back from catastrophe.

Specialty insurer launches commercial property unit

By: Joyce Famakinwa

Published August 19, 2015 - 2:16pm CST

Hallmark Financial Services Inc. said Tuesday it has launched Hallmark Specialty Property operating unit.

Game of laser tag leads to workers comp benefits

By: Stephanie Goldberg

Published August 19, 2015 - 2:01pm CST

A North Carolina man who injured his knee playing laser tag during a mandatory company conference is entitled to workers comp benefits, a North Carolina appellate court has ruled.

California workers comp medical payments down

By: Gloria Gonzalez

Published August 19, 2015 - 11:11am CST

Industrywide medical payments in California's workers compensation system declined by $100 million, or 3.7%, to $2.5 billion in 2014 from 2013, according to a report published by the Workers' Compensation Insurance Rating Bureau of California.

AIG selling remaining AerCap stake

By: Mark A. Hofmann

Published August 19, 2015 - 10:03am CST

American International Group Inc. plans to sell its remaining stake in AerCap Holdings N.V. for about $500 million, AIG announced Tuesday after close of markets.

Cyber 'vigilantes' dump data online from cheating website Ashley Madison

Published August 19, 2015 - 9:05am CST

(Reuters) — Hackers dumped online personal details of more than a million users of infidelity website AshleyMadison.com, tech websites reported on Tuesday, the latest high-profile cyber attack that threatens to wreak strife in relationships across the globe.

Tianjin explosion insured losses may surpass $1.5 billion

By: Sarah Veysey

Published August 18, 2015 - 9:08am CST

Insured losses from the series of explosions at a chemical warehouse in the port of Tianjin, China, late last week could exceed $1.5 billion, according to a report by Fitch Ratings Ltd. in Hong Kong.

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