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SEC probes companies' treatment of whistleblowers

Published February 26, 2015 - 10:37am CST

(Reuters) - The U.S. Securities and Exchange Commission has sent letters to several companies asking for years of nondisclosure agreements, employment contracts and other documents to investigate whether companies are muzzling corporate whistleblowers, the Wall Street Journal reported.

Murdered prison guard’s family backs exclusive remedy reforms

By: Stephanie Goldberg

Published February 25, 2015 - 2:25pm CST

The family of a Nebraska detention center guard who was killed by an inmate is speaking out in support of a bill that would waive exclusive remedy in the case of “willful negligence” by an employer.

Canada to require more oil/rail insurance, special fund

Published February 20, 2015 - 11:22am CST

(Reuters) — Canada will boost the minimum insurance railways will have to carry when they haul crude oil, and an additional fund will be set up with levies on oil shipments to cover major disasters, under legislation to be introduced on Friday, two sources familiar with the bill said.

Special HealthCare.gov enrollment targets those facing tax penalties

By: Virgil Dickson, Modern Healthcare

Published February 20, 2015 - 10:06am CST

A special enrollment period will begin March 15 and end April 30 to help consumers avoid tax penalties for not obtaining health insurance coverage this year, Andrew Slavitt, principal deputy administrator at CMS, said during a news briefing Friday.

Farmers disappointed by restrictions in proposed drone rules

Published February 18, 2015 - 2:03pm CST

(Reuters) — U.S. farmers hoping to use drones to locate lost livestock or monitor trouble spots in their fields were disappointed by what they say are overly restrictive commercial drone rules proposed by the Federal Aviation Administration.

IRS to seek input on multiemployer suspensions

By: Hazel Bradford, Pensions & Investments

Published February 17, 2015 - 11:56am CST

The IRS will seek public input on how to handle benefit reductions now allowed for troubled multiemployer pension funds.

U.S. balks at China's new cyber rules

Published February 12, 2015 - 3:37pm CST

(Reuters) — The Obama administration sees planned new cyber security rules in China as a “major barrier” to trade and has raised concerns with Beijing at the highest level, a senior U.S. official said on Thursday.

Cyber security a game-changer on Capitol Hill?

By: Mark A. Hofmann

Published February 11, 2015 - 3:05pm CST

WASHINGTON — The day after the Obama administration announced the formation of a U.S. cyber security agency, a senior lawmaker said cyber security is one of the issues that holds the potential for bipartisan cooperation on Capitol Hill.

GOP reform plan rolls back Cadillac tax to woo conservatives

By: Paul Demko, Modern Healthcare

Published February 10, 2015 - 11:09am CST

Congressional Republican leaders are hoping to rally their colleagues behind a new repeal-and-replace package for the Patient Protection and Affordable Care Act.

Insurer cybersecurity under scrutiny after breach

Published February 09, 2015 - 11:19am CST

(Reuters) — New York's Financial Services Department said on Monday it planned to do regular cybersecurity reviews of insurers in the wake of the massive breach at health insurer Anthem Inc.

Obama's 'Big Data' privacy plans get lift from lawmakers

Published February 06, 2015 - 9:34am CST

(Reuters) — The White House is working on a bill to protect data collected from students through educational apps.

POM Wonderful loses bid to tout health benefits in ads

Published January 30, 2015 - 11:28am CST

(Reuters) — POM Wonderful cannot advertise that its pomegranate juice drinks treat or prevent heart disease or other ailments unless it has proof, a U.S. appeals court said on Friday in upholding an order by the Federal Trade Commission.

Oppenheimer to pay $20M over improper stock sales

Published January 27, 2015 - 10:46am CST

(Reuters) — Oppenheimer & Co. will pay $20 million to settle two U.S. government cases stemming from allegations the firm improperly sold penny stocks and ignored red flags.

Bank of America shifts compliance team to risk oversight group

Published January 08, 2015 - 9:59am CST

(Reuters) — Under pressure from its U.S. regulator, Bank of America has shifted its compliance group from its legal department to its risk oversight group, a source familiar with the matter said.

Bermuda commercial insurers in line for Solvency II compliance

By: Matthew Lerner

Published December 22, 2014 - 10:51am CST

A report from the European Insurance and Occupational Pensions Authority has endorsed key aspects of Bermuda’s commercial insurance and reinsurance regulatory regime as meeting the criteria of Solvency II, the Bermuda Monetary Authority said Friday.

N.Y. extends fracking ban after health report

Published December 17, 2014 - 2:37pm CST

(Reuters) — New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Gov. Andrew Cuomo’s administration said on Wednesday.

Backlash expected from Senate's inaction on terrorism insurance backstop

By: Matthew Lerner

Published December 17, 2014 - 1:10pm CST

The failure of the Senate to vote on legislation extending the federal terrorism insurance program, will likely reverberate quickly through the insurance industry and the entire U.S economy, according to observers.

How the NLRB may expand responsibility for labor violations

Published December 17, 2014 - 10:46am CST

(Reuters) — The National Labor Relations Board is expected to rule soon on if, and how, companies can be held responsible for labor violations carried out by their contractors or franchisees — a move that could have far-reaching implications for businesses.

New York City asbestos court tops 'judicial hellholes' list for 2014

By: Mark A. Hofmann

Published December 16, 2014 - 11:34am CST

The New York City Asbestos Litigation court heads the American Tort Reform Foundation's 2014-2015 list of “Judicial Hellholes,” released Tuesday.

FINRA fines Merrill for unfair pricing of distressed securities

Published December 16, 2014 - 11:22am CST

(Reuters) — The Financial Industry Regulatory Authority, Wall Street’s industry-funded regulator, fined Bank of America Corp.’s Merrill Lynch unit $1.9 million for unfair pricing related to the purchase of distressed securities over two years.

Construction trade group loses appeal on Labor Department disability rules

By: Judy Greenwald

Published December 15, 2014 - 2:54pm CST

The federal appeals court in the District of Columbia has refused to agree with a construction trade group's objections to U.S. Department of Labor regulations that call for strengthening affirmative action programs to hire disabled workers, labeling the group's challenge “arbitrary and capricious.”

Drone downer: Will new FAA rules ground recreational fliers?

Published December 15, 2014 - 10:57am CST

(Reuters) — Americans shopping for toy remote-controlled airplanes or helicopters may find, sometime in the near future, that they come with unexpected accessories: A raft of new regulations.

Chrysler expands Takata passenger-side air bag recall in U.S.

Published December 12, 2014 - 12:21pm CST

(Reuters) — Chrysler Group is expanding its U.S. recall of older-model vehicles with Takata Corp. passenger-side air bags, adding a second inflator design to the recall and more affected regions.

Low interest rates, Solvency II keep pressure on insurers, reinsurers: S&P

By: Sarah Veysey

Published December 10, 2014 - 9:44am CST

LONDON — A prolonged period of low interest rates in many economies of the world will continue to add to pressure on insurer and reinsurer earnings in the near term, according to Standard & Poor's Corp.

Dental gap: Coverage slips through reform's cracks

By: Bob Herman, Modern Healthcare

Published December 09, 2014 - 11:25am CST

Dental care is a peculiar niche of the U.S. healthcare system. Even though teeth and gums are just as much part of the human body as kidneys or elbows, they are insured differently — a lot differently.

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