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Older IRS mortality tables predicted to save sponsors $18 billion next year

By: Hazel Bradford, Pensions & Investments

Published September 02, 2015 - 4:40pm CST

The IRS’ decision to stick with 15-year-old mortality assumptions will save corporate defined benefit plan sponsors at least $18 billion in contributions in 2016 and be a credit positive for them, said a report from Moody’s Investors Service.

Hospital group pushes back on Aetna-Humana merger

By: Matt Dunning

Published September 02, 2015 - 3:33pm CST

The American Hospital Association says the proposed $37 billion merger between rival health insurers Aetna Inc. and Humana Inc. would pose a substantial threat to competition within the health insurance marketplace.

IRS outlines procedures for benefit cuts by troubled multiemployer pension plans

By: Jerry Geisel

Published September 02, 2015 - 2:50pm CST

Newly released regulations the IRS lay out the steps financially troubled multiemployer pension plans must follow when they need to cut participants’ benefits in order to survive.

OSHA to award $10.5 million in safety training grants

By: Sheena Harrison

Published September 02, 2015 - 12:17pm CST

The health and safety agency to walk the walk when it comes to helping high-risk workers prevent injuries.

Full agenda awaits Congress

Published August 30, 2015 - 6:00am CST

When federal lawmakers return to Capitol Hill next week, we hope they take quick action on several key employee benefit and risk management issues. On the employee benefits side, it is time that legislators address widely identified problems with the health care reform law.

State comp bureau recommends rate cut for public employers

By: Sheena Harrison

Published August 28, 2015 - 2:50pm CST

Public employers in Ohio may be in for a break on workers compensation rates.

NLRB ruling to put hefty burden on businesses, subcontractors

By: Mark Hofmann

Published August 27, 2015 - 3:44pm CST

An NLRB ruling in a case involving Browning Ferris and a temp agency has wide employment implications for businesses, contractors and beyond.

Appeals court rules for SEC in use of in-house enforcement

Published August 24, 2015 - 4:15pm CST

(Reuters) — A federal appeals court on Monday handed the U.S. Securities and Exchange Commission a victory in its use of in-house enforcement proceedings, rejecting a challenge by a former chief executive officer of Assisted Living Concepts Inc.

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.

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.

Aetna hires more lobbyists to ensure Humana deal

By: Bob Herman, Modern Healthcare

Published August 20, 2015 - 9:39am CST

Aetna Inc. is determined to nab government approval of its $37 billion acquisition of Humana Inc. And the health insurance titan has bulked up its roster of hired guns to meet that goal.

College football players' union efforts likely sacked for good

By: Shelby Livingston

Published August 19, 2015 - 9:52am CST

The National Labor Relations Board's decision to dismiss a petition by Northwestern University football players to unionize and sidestep the issue of whether they are employees thwarts the potential for similar action by other private school scholarship athletes, legal experts say.

OSHA cites plastics maker after new employee loses fingers

By: Stephanie Goldberg

Published August 17, 2015 - 12:28pm CST

The U.S. Occupational Safety and Health Administration is citing a plastic manufacturer after a 21-year-old worker was severely burned and lost several fingers on his first day on the job.

DOL moving forward on retirement investment advice fiduciary rule

By: Hazel Bradford, Pensions & Investments

Published August 17, 2015 - 10:19am CST

Labor Department officials are determined to produce a new standard of fiduciary duty for anyone giving retirement investment advice, once they process concerns raised in thousands of comment letters and four days of hearings on their proposal.

California comp reforms reduce costs

By: Gloria Gonzalez

Published August 16, 2015 - 6:00am CST

California's workers compensation reforms have increased benefits for injured workers while simultaneously reducing medical benefit costs.

Franchisor liability could expand with redefined 'joint employer'

By: Judy Greenwald

Published August 13, 2015 - 2:38pm CST

A proposed change in the National Labor Relations Board's definition of “joint employer” with respect to franchisors and franchisees could significantly expand franchisors’ wage-and-hour and other employment practices liabilities, warns a report issued by Marsh L.L.C. Thursday.

U.S. government appeals judge's ruling over 2008 AIG bailout

Published August 12, 2015 - 2:31pm CST

(Reuters) — The United States filed an appeal on Wednesday against a U.S. judge’s ruling in June that sided with former American International Group Inc. CEO Maurice Greenberg on a legal claim over the company’s 2008 bailout.

Coverage for investment professionals addresses new regulatory risks

By: Joyce Famakinwa

Published August 12, 2015 - 1:45pm CST

Zurich American Insurance Co. said Wednesday that is has enhanced its liability policy, Zurich Asset Management Select form.

Hartford policy protects investment firms

By: Joyce Famakinwa

Published August 11, 2015 - 3:12pm CST

Hartford Financial Services Group Inc. said Monday that it has expanded its management and professional liability insurance for asset management firms to cover cyber and regulatory risks.

Drugmaker prevails over comp insurers in off-label opioid case

By: Stephanie Goldberg

Published August 11, 2015 - 2:53pm CST

The U.S. District Court of Appeals for the 3rd Circuit has dismissed workers compensation insurers' claims that a pharmaceutical company marketed its powerful opioids for off-label uses.

FAA exemptions for commercial drone flight top 1,000

By: Donna Mahoney

Published August 11, 2015 - 8:26am CST

The Federal Aviation Administration has granted more than 1,000 exemption approvals for drones in its effort to safely expand their operations.

U.K. gives insurers leeway with sudden premium tax changes

By: Mark A. Hofmann

Published August 07, 2015 - 11:43am CST

Insurers preparing for increased premium taxes in the United Kingdom have been given some flexibility in how they file their returns to the government, the Association of British Insurers announced Friday.

Trucking firm to pay up in EEOC pre-employment exam case

By: Judy Greenwald

Published August 04, 2015 - 2:55pm CST

An Indianapolis trucking firm has agreed to pay $200,000 to settle an Equal Employment Opportunity Commission disability discrimination case, in which it was charged with requiring pre-employment medical exams.

Senate takes up cyber security bill this week

Published August 04, 2015 - 1:35pm CST

(Reuters) — The U.S. Senate will consider a cyber security bill this week that would make it easier for corporations to share Americans' personal information with each other or the government, Senate Majority Leader Mitch McConnell, R-Ky., said Tuesday.

Fitch affirms Montpelier Re's A rating following acquisition

By: Matthew Lerner

Published August 04, 2015 - 12:15pm CST

Fitch Ratings Inc. on Tuesday said it has affirmed the ratings of Montpelier Re Holdings Ltd. and its subsidiaries at their current levels and subsequently withdrawn them following the company’s $1.8 billion acquisition by Endurance Specialty Holdings Ltd.

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