- Founder’s son named vice chairman of Lockton
Insurance broker Lockton Cos. L.L.C. on Wednesday said it has appointed Ron Lockton, son of late founder Jack Lockton, as vice chairman.
- Accused Turkish mastermind of $55 million cyber spree extradited to U.S.
(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
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.
- Terrorism insurance backstop renewal helped keep rates down
The reauthorization of the federal terrorism insurance backstop early this year helped create favorable terrorism insurance pricing for most policyholders, according to a report released Wednesday by Marsh L.L.C.
- PartnerRe lobbies shareholders to vote for Axis merger
Reinsurer PartnerRe Ltd. urged shareholders Tuesday to support its planned merger with Axis Capital Holdings Ltd. and reject an all-cash offer from Italy’s Exor S.p.A.
- Broker acquires private equity benefits consultant
Insurance broker Integro Ltd., New York, on Wednesday said it has acquired Atlanta-based national health benefits consultant Clearview Group Inc.
- Enrollment in high-deductible plans continues to rise
Enrollment in high-deductible health insurance plans, including consumer-driven health plans, continues to climb, the National Center for Health Statistics said in a report Tuesday.
- Anthem takeover of Cigna poses operational, financial risks
Investment analysts warned that health insurance giant Anthem Inc.’s proposed acquisition of rival Cigna Corp. could expose the combined company to significant operational and financial risks.
- Comp benefits still on the table despite worker’s pre-existing condition
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.