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Employers interested in moving retirees to public exchanges, Mercer says

By: Jerry Geisel

Published July 02, 2015 - 11:36am CST

Nearly half — 45% — of employers that offer health care coverage to pre-Medicare eligible retirees say they are considering or already have begun directing the retirees to public exchanges, according to a new Mercer L.L.C. survey.

Broker continues acquisition streak with another agency buy

By: Donna Mahoney

Published July 02, 2015 - 11:16am CST

Insurance brokerage Alliant Insurance Services Inc., Newport Beach, California, on Thursday said it has expanded its managing general agent practice through the acquisition of New York-based Preferred Concepts L.L.C.

Panda Re catastrophe bond covers China risks

By: Matthew Lerner

Published July 02, 2015 - 10:15am CST

Panda Re Ltd., the first catastrophe bond to cover natural disaster risks in China, has been issued by state-owned reinsurer China Property and Casualty Reinsurance Co. of Beijing.

Mercer shuffles North American, multinational leadership

By: Joyce Famakinwa

Published July 01, 2015 - 1:00pm CST

Mercer L.L.C., the consulting unit of Marsh & McLennan Cos. Inc. has appointed Simon O'Regan president of Mercer's North America region.

Medical professional liability insurer acquires health care consultant

By: Stephanie Goldberg

Published July 01, 2015 - 12:36pm CST

Coverys’ has invested in Archway Health Advisors and now holds an ownership position in the company, the Boston-based medical professional liability insurer said Wednesday.

Towers Watson stock price fluctuates after Willis deal

By: Matthew Lerner

Published July 01, 2015 - 12:18pm CST

The stock price of Towers Watson & Co. rebounded a little Wednesday after dipping in the wake of the company's announced merger with Willis Group Holdings P.L.C., a sign that investors could be embracing the logic of the deal, according to analysts.

Workers comp managed care services provider acquires case management firm

By: Stephanie Goldberg

Published July 01, 2015 - 12:15pm CST

Genex Services L.L.C. has acquired Integrated Care Management, a workers compensation and disability case management firm, the Wayne, Pennsylvania-based provider of managed care services said Tuesday.

Apple more than 'innocent bystander' in e-book price fixing

Published July 01, 2015 - 11:11am CST

(Reuters) — A divided federal appeals court on Tuesday upheld a judge’s ruling that Apple Inc. had conspired with five publishers to increase e-book prices, in a win for the U.S. Justice Department.

Aerospace premiums down for eighth year in a row

By: Donna Mahoney

Published June 30, 2015 - 2:57pm CST

An Aon P.L.C. report released Tuesday says aerospace sector premiums have fallen for the eighth consecutive year.

Marijuana ruled 'reasonable and necessary' for injured worker's pain relief

By: Stephanie Goldberg

Published June 30, 2015 - 12:09pm CST

The New Mexico Court of Appeals has again ruled that medical marijuana should be classified as “reasonable and necessary medical care” for an injured worker.

Coal company faces federal scrutiny over clean-up insurance

Published June 30, 2015 - 11:37am CST

(Reuters) — Coal giant Peabody Energy has been among the harshest critics of federal energy policies, joining a court challenge to the Obama administration’s new clean air regulations and denouncing its promotion of renewable fuels.

EEOC to mark 50 years with progress report

By: Judy Greenwald

Published June 29, 2015 - 2:24pm CST

The U.S. Equal Employment Opportunity Commission on Monday said it plans to hold a meeting about “subtle forms” of discrimination later this week to mark its 50th anniversary.

Dismissal of breast cancer survivor's ADA lawsuit upheld

By: Judy Greenwald

Published June 29, 2015 - 2:08pm CST

An appeals court has upheld dismissal of a U.S. Equal Employment Opportunity Commission lawsuit filed on behalf of a breast cancer survivor who was fired from her law firm job because she could not lift more than 20 pounds.

Many U.S. companies say supporting marriage equality makes business sense

Published June 26, 2015 - 4:25pm CST

(Reuters) — From renaming an ice cream flavor to flying the gay movement’s rainbow flag, many American corporations celebrated Friday’s U.S. Supreme Court decision to legalize same-sex marriage and said it made good sense for their businesses.

OneAmerica to acquire BMO's record-keeping business

By: Robert Steyer, Pensions & Investments

Published June 26, 2015 - 4:12pm CST

OneAmerica Financial Partners Inc. announced Friday it had agreed to acquire the U.S. defined contribution record-keeping business of BMO Financial Group.

Ex-CEO files two more lawsuits against American Apparel

Published June 26, 2015 - 11:02am CST

(Reuters) — American Apparel Inc. said its ousted CEO Dov Charney filed two more lawsuits against the company alleging defamation, representation in false light and claims for securities fraud.

Reimbursements, proximity of surgeons affect likelihood of back surgery

By: Bill Kenealy

Published June 26, 2015 - 10:32am CST

A study released on Thursday found that a variety of factors including reimbursement rates for doctors and local practice norms account for the wide variance in back surgery rates for injured workers according to location.

Accused Turkish mastermind of $55 million cyber spree extradited to U.S.

Published June 24, 2015 - 1:45pm CST

(Reuters) — A Turkish man has been extradited to the United States to face charges that he organized three cyber attacks that resulted in $55 million in losses to the global financial system, U.S. authorities announced on Wednesday.

Racial bias lawsuit revived for sewer worker

By: Judy Greenwald

Published June 24, 2015 - 1:22pm CST

An appeals court has reinstated a retaliation lawsuit filed by a District of Columbia Water and Sewer Authority worker who said he was terminated in retaliation for complaining about racial discrimination.

Comp benefits still on the table despite worker’s pre-existing condition

By: Bill Kenealy

Published June 24, 2015 - 11:25am CST

A worker’s pre-existing neck injuries should not bar him from getting full workers compensation benefits for a back injury, a New York appeals court ruled last week.

Computer error a possible cause of Poland airline outage

Published June 24, 2015 - 11:16am CST

(Reuters) — Polish prosecutors are looking into whether the outage that grounded dozens of jets operated by Polish airline Lot at Warsaw's main airport on Sunday may have been caused by a computer system error, a spokesman for the Warsaw prosecutor's office said Wednesday.

Poultry processor fined over workers' repetitive injuries

By: Bill Kenealy

Published June 23, 2015 - 11:39am CST

The U.S. Occupational Safety and Health Administration said on Monday that the operators of a Delaware poultry plant face $38,000 in fines for musculoskeletal injuries suffered by its employees.

Attempts to reduce frivolous lawsuits losing out in Delaware

By: Judy Greenwald

Published June 23, 2015 - 11:25am CST

Legislation that is awaiting the Delaware governor's signature removes a means of significantly reducing sometimes-frivolous litigation filed against company directors & officers.

North Carolina passes legislation to ease captive requirements

By: Jerry Geisel

Published June 22, 2015 - 2:06pm CST

Legislation signed last week by North Carolina Gov. Pat McCrory will allow the state insurance commissioner to determine the amount of capital and surplus needed for special-purpose captives.

Insurer not obligated to pay for CEO’s embezzlement, renewal lies

By: Judy Greenwald

Published June 22, 2015 - 1:22pm CST

Scottsdale Insurance Indemnity Co. is not obligated to indemnify a building maintenance company for the more than $2 million embezzled by its CEO and chief financial officer because of false answers she had provided on the firm’s insurance renewal application, says an appeals court, in upholding a lower court ruling.

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