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Workers comp reform backers optimistic about Illinois action

By: Sheena Harrison

Published May 28, 2015 - 9:30am CST

Two workers compensation reform bills that Republican Illinois Gov. Bruce Rauner proposed have failed to advance in the Democrat-controlled legislature, but experts remain hopeful about Illinois passing such legislation during the current session.

Health Coverage Tax Credit could be revived

By: Jerry Geisel

Published May 26, 2015 - 12:14pm CST

Employees who lose their jobs due to foreign competition, as well as retirees in failed pension plans, again would be eligible for generous federal health insurance premium subsidies under legislation approved by the U.S. Senate.

Ruby Tuesday settles male servers' gender bias case

By: Judy Greenwald

Published May 22, 2015 - 12:10pm CST

Restaurant chain Ruby Tuesday Inc. has agreed to pay $100,000 to settle a gender discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission for allegedly refusing to hire two male servers, purportedly because of potential problems arranging dorm space for them in a resort town, the agency said.

Bermuda Monetary Authority names new COO

By: Shelby Livingston

Published May 21, 2015 - 4:14pm CST

The Bermuda Monetary Authority has named Shanna Lespere as chief operations officer, effectively immediately.

Industry lobbyist leaves for insurer leadership post

By: Bob Herman | Modern Healthcare

Published May 21, 2015 - 12:03pm CST

Karen Ignagni, the longtime head of America's Health Insurance Plans, is leaving the industry's lobbying group to become president and CEO of EmblemHealth, an insurer based in New York.

Firms to face stiffer fines for breaking E.U. 'right to be forgotten' rules

Published May 21, 2015 - 10:52am CST

(Reuters) — Firms such as Google Inc. and Microsoft Corp. will face stiffer fines if they violate Europe’s “right to be forgotten” online rules, according to a draft text agreed by European Union ambassadors on Wednesday, diplomatic sources said.

Amtrak's liability for derailment capped

By: Mark A. Hofmann

Published May 14, 2015 - 12:41pm CST

Federal law caps Amtrak's liability for Tuesday night's fatal train derailment in Philadelphia to $200 million.

Moody's downgrades Chicago credit to junk on continuing pension concerns

By: Rob Kozlowski, Pensions & Investments

Published May 13, 2015 - 1:08pm CST

Moody’s Investors Service downgraded the city of Chicago’s credit rating to Ba1 from Baa2 as a result of the Illinois Supreme Court’s ruling May 8 that the Illinois pension reform law of 2013 is unconstitutional.

Pool Re modernization efforts on track

By: Sarah Veysey

Published May 12, 2015 - 9:45am CST

Pool Reinsurance Co. Ltd., the U.K. government-backed terrorism reinsurance backstop, Tuesday announced details of a series of modernization proposals that will take effect in October.

Fish oil firm fights FDA for off-label use

By: Stephanie Goldberg

Published May 11, 2015 - 2:47pm CST

A biopharmaceutical company has sued the U.S. Food and Drug Administration in federal court for the right to market its fish oil pill for off-label use.

New Medicare Secondary Payer appeals process may prove costly

By: Sheena Harrison

Published May 10, 2015 - 6:00am CST

A new Medicare Secondary Payer appeals process for workers compensation and liability claims will allow payers to challenge reimbursement demands they believe are incorrect, but appeal costs could be greater than any potential savings.

Georgia spells out rideshare insurance requirements

By: Mark A. Hofmann

Published May 06, 2015 - 2:43pm CST

Georgia Gov. Nathan Deal on Wednesday signed into law a measure that establishes insurance requirements for commercial ride-sharing services such as Uber and Lyft.

Vermont to ease captive insurer rules

By: Jerry Geisel

Published May 05, 2015 - 2:12pm CST

Vermont Gov. Peter Shumlin is expected to sign legislation Thursday making a series of changes to the state's captive statute.

Canada toughens oil train safety standards

Published May 01, 2015 - 2:44pm CST

(Reuters) — The United States and Canada on Friday announced long-awaited safety rules for trains carrying oil, as regulators seek to reduce risks after a series of explosive accidents that accompanied a surge in crude-by-rail shipments.

OSHA issues final confined space construction rule

By: Bill Kenealy

Published May 01, 2015 - 2:34pm CST

The Occupational Safety and Health Administration issued a final confined spaces rule Friday to increase protections for construction workers.

Former insurance superintendent to join reinsurance broker

By: Mark A. Hofmann

Published May 01, 2015 - 11:24am CST

Former New York Superintendent of Insurance James J. Wrynn will join Guy Carpenter & Co. L.L.C. as managing director/vice chair of strategic advisory (U.S.) on May 11, his current employer, law firm Goldberg Segalla, announced Friday.

CMS enacts Medicare secondary payer appeals process

By: Sheena Harrison

Published May 01, 2015 - 11:12am CST

The Centers for Medicare and Medicaid Services has enacted a formal appeals process for workers compensation claim payers and others who want to contest reimbursements that must be paid under federal Medicare Secondary Payer rules.

Wall Street's regulatory chief says data collection plan on hold

Published April 30, 2015 - 11:00am CST

(Reuters) — A controversial proposal by Wall Street’s industry-funded regulator to collect massive amounts of customer account data will not proceed until the industry’s concerns are addressed, the regulator’s chief executive will tell lawmakers Friday.

Insurers mull proposed cyber rules

By: Mark A. Hofmann

Published April 26, 2015 - 6:00am CST

The National Association of Insurance Commissioners' cyber security regulatory guidance for the insurance industry is receiving generally positive reviews.

Transgender funeral home director's EEOC suit can proceed

By: Judy Greenwald

Published April 24, 2015 - 4:18pm CST

A federal judge has refused to dismiss a U.S. Equal Employment Opportunity Commission lawsuit filed on behalf of a funeral home director who allegedly was terminated because she is transgender.

Government had no right to take 80% in AIG bailout: Greenberg lawyer

By: Mark A. Hofmann

Published April 22, 2015 - 11:44am CST

WASHINGTON — The federal government did not have the authority to demand nearly 80% of AIG's equity in return for financial assistance during the 2008 financial crisis, an attorney for AIG investors told a federal judge Wednesday.

Thousands take advantage of health exchange special enrollment

By: Jerry Geisel

Published April 21, 2015 - 1:42pm CST

As of April 13, more than 68,000 individuals have taken advantage of a special enrollment period to enroll in health care plans offered through the federal health insurance exchange, federal regulators disclosed Monday.

E.U. mounts fresh bid to end U.S. reinsurance collateral rule

Published April 21, 2015 - 11:17am CST

(Reuters) — The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies.

U.S. calls for more oil train inspections, other safety measures

Published April 17, 2015 - 2:23pm CST

(Reuters) — Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. transportation officials said on Friday.

Benefits lobbying group targets health care law's excise tax, work week rule

By: Jerry Geisel

Published April 15, 2015 - 9:54am CST

Five years after President Obama signed his signature health reform care law, it is time for legislators to consider changes to the law, the head of an employer benefits lobbying group says.

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