- IRS slightly boosts medical outcomes research fee
A medical outcomes research fee mandated by the health care reform law and paid by self-funded employers and insurers is going up slightly, the Internal Revenue Service said.
- Reinsurance group acquires life and health units
Nassau Reinsurance Group L.P. has announced that it will acquire White Plains, New York-based Universal American Corp.’s life and health insurance units for approximately $43 million.
- Affiliated investment firms settle SEC trading violations charges
Two units of an investment firm will pay more than $1 million to settle Securities and Exchange Commission charges that they improperly shared nonpublic information, the SEC said Thursday.
- Towers Watson shareholder says Willis merger 'destroys' value
Leading Towers Watson shareholder Driehaus Capital Management is not a fan of the firm’s proposed merger with Willis Group Holdings and is urging other shareholders to oppose the deal.
- Worker fired over shrug gets age bias case reinstated
A federal appeals court has reinstated an age discrimination claim filed by a 20-year employee of a meat company who was immediately terminated after he only shrugged his shoulders in response to a routine question because his mouth was full of coffee.
- Former Senator Nelson resigns as NAIC chief
Former U.S. Sen. Earl Benjamin Nelson of Nebraska said Thursday that he would not renew his contract as CEO of the National Association of Insurance Commissioners. His term ends January 2016.
- Employers to see comp rates nudge upwards
Idaho employers will see slightly higher workers compensation rates in 2016, the state’s Department of Insurance said.
- Market slump, low interest rates ding largest pension plans
Hit by a downturn in the equities markets and falling interest rates that boosted the value of liabilities, the funded status of very large pension plans slipped in September, according to a Milliman Inc. survey released Friday.
- New study outlines global property premiums for commercial sector
Just under half of worldwide property insurance premiums in 2014 went to commercial property coverage, according to a new study by London-based Finaccord Ltd., the international market research and consulting company said in a statement Friday.