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FDIC authorizes executive liability lawsuits against 1,207 defendants

By: Judy Greenwald

Published July 29, 2015 - 1:46pm CST

The Federal Deposit Insurance Corp. has authorized lawsuits in connection with 150 failed financial institutions against 1,207 individuals for directors and office's liability.

State insurance commissioners unveil more cyber security standards

By: Judy Greenwald

Published July 29, 2015 - 12:58pm CST

The National Association of Insurance Commissioners is ratcheting up its efforts to tackle cyber security issues with three additional initiatives, including one to help regulators verify insurers are protecting personal information.

Alliance formed to seek repeal of ACA “Cadillac” tax

By: Jerry Geisel

Published July 28, 2015 - 3:53pm CST

A diverse group of two dozen employers, insurers and unions has banded together to form an alliance to convince Congress to repeal the health care reform law’s so-called “Cadillac” tax.

Feds ask AIG for more resolution plan details

By: Mark A. Hofmann

Published July 28, 2015 - 3:00pm CST

Federal regulators have asked American International Group Inc. and two other companies to provide more information about their resolution plans.

EEOC charges food manufacturer with racial bias at Sara Lee plant

By: Judy Greenwald

Published July 28, 2015 - 1:09pm CST

The Equal Employment Opportunity Commission has filed suit against Hillshire Brands Co., charging it with racial discrimination on behalf of a class of about 70 black workers who had worked in its now-closed Paris, Texas plant.

Dead worker's estate can't sue employer for false imprisonment

By: Stephanie Goldberg

Published July 27, 2015 - 1:27pm CST

The estate of a woman who suffered a heart attack on the job and died can't sue her employer for false imprisonment and intentional infliction of emotional distress, the Mississippi Supreme Court has ruled.

U.S. auto safety regulators fine Fiat Chrysler record $105 million

Published July 27, 2015 - 9:11am CST

(Reuters) — The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles N.V. over lapses in safety recalls involving millions of vehicles.

PBGC looks to reduce reporting waivers for large plans

By: Hazel Bradford, Pensions & Investments

Published July 24, 2015 - 3:52pm CST

Fewer large defined benefit plan sponsors will be able to skip Section 4010 reporting under a rule change the PBGC will propose shortly.

Court must re-examine certified classes in Volvo litigation

By: Judy Greenwald

Published July 23, 2015 - 1:59pm CST

A federal court should have done a better job of establishing the various classes it approved in class action litigation filed by Volvo car owners, says a federal appeals court in remanding the case.

Senate panel approves hike in mass transit pretax contribution limit

By: Jerry Geisel

Published July 23, 2015 - 12:57pm CST

Employees would be able to make up to $250 a month in pretax contributions to pay for mass transit expenses through the end of 2016 under legislation approved by the Senate Finance Committee.

Mediation ruled first step in cyber coverage case

By: Judy Greenwald

Published July 22, 2015 - 2:46pm CST

Policyholders scored a victory in a closely-watched cyber coverage case, in which a U.S federal court in Los Angeles dismissed a case filed by an insurer seeking to deny coverage.

Abercrombie & Fitch settles head scarf case

By: Judy Greenwald

Published July 21, 2015 - 1:36pm CST

Retailer Abercrombie & Fitch Stores Inc. has agreed to pay $44,673 to settle the long-running litigation over a job applicant wearing a Muslim head covering, which led to a U.S. Supreme Court ruling.

New Connecticut law protects retirees’ annuity benefits from creditors

By: Jerry Geisel

Published July 21, 2015 - 12:56pm CST

The pension benefits earned by Connecticut residents whose employers transfer those liabilities to insurers under corporate pension derisking — programs will be protected from creditors under a new state law.

Dismissal of EEOC wellness lawsuit requested

By: Matt Dunning

Published July 20, 2015 - 3:03pm CST

Flambeau Inc. has asked a federal judge to dismiss the U.S. Equal Employment Opportunity Commission's lawsuit over the company's use of health risk assessments and biometric screenings in its wellness program.

Dodd-Frank's impact still evolving

By: Mark A. Hofmann

Published July 19, 2015 - 6:00am CST

The impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on property/casualty insurers remains murky five years after its enactment, and observers don't expect the 2010 law's effect on insurers to become clear anytime soon.

Wall Street reform law yet to effect D&O market

Published July 19, 2015 - 6:00am CST

The Dodd-Frank Wall Street Reform and Consumer Protection Act has had little effect on the directors and officers liability market so far, but future rulemaking could change that.

New law frustrates efforts to cut shareholder lawsuits

By: Judy Greenwald

Published July 19, 2015 - 6:00am CST

Recent Delaware legislation that would prohibit a likely curb to shareholder lawsuits means business' rising litigation costs remain largely unaddressed.

'Exclusive forum' bylaws could consolidate lawsuits

By: Judy Greenwald

Published July 19, 2015 - 6:00am CST

The Delaware law that prohibits fee-shifting to losing shareholders includes a provision validating that Delaware corporations can adopt bylaws designating the state's courts as the exclusive forum for shareholder litigation.

New Mexico proposes covering medical pot but not paraphernalia

By: Stephanie Goldberg

Published July 17, 2015 - 11:26am CST

The New Mexico Workers' Compensation Administration has proposed a rule that would reimburse injured workers for medical marijuana but not for expenses related to associated paraphernalia or personal production.

U.S. housing regulator paid law firms $373 million to sue banks

Published July 17, 2015 - 10:56am CST

(Reuters) — The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis.

Labor department guidance on independent contractors raises concerns

By: Judy Greenwald

Published July 16, 2015 - 3:02pm CST

An increasing number of workplaces are misclassifying employees as independent contractors, says the Department of Labor in guidance issued Wednesday that is generating significant concern among employer representatives.

Common sense rules in AT&T shirt slamming public image suit

Published July 16, 2015 - 10:49am CST

There is an old joke about a message in a fortune cookie that says, “Help, I’m being held a prisoner in a fortune cookie factory.”

Cyber leads risks for insurers in North America, Bermuda

By: Mark A. Hofmann

Published July 15, 2015 - 1:11pm CST

Cyber risk is the top risk faced by insurers in North America and Bermuda, according to a survey released Wednesday by London-based think tank Centre for the Study of Financial Innovation.

Religious groups denied contraceptive coverage waiver

By: Matt Dunning

Published July 14, 2015 - 2:02pm CST

The 10th U.S. Circuit Court of Appeals on Tuesday denied requests from religious colleges and charities for outright exemptions to the federal health care reform law's so-called “contraceptive mandate.”

OSHA cites social services agency after youth violence, worker injury

By: Shelby Livingston

Published July 14, 2015 - 1:53pm CST

The Occupational Safety and Health Administration is citing an Alabama social services organization after receiving a complaint alleging workplace violence, the administration said Monday.

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