- Reinsurance group logs 21.7% drop in member premiums
Net written premiums fell 21.7% to $30.12 billion among reinsurers surveyed for the Reinsurance Association of America nine-month results, the group said in a statement Monday
- Renovation firms face fines for exposing employees to asbestos
- Utility temporarily withdraws captive benefit funding plan
A St. Louis-based utility company has temporarily withdrawn its application with the U.S. Labor Department for permission to use its South Carolina captive insurer.
- Icahn says may push for new AIG director, discloses stake
(Reuters) — Activist investor Carl Icahn said he may propose adding a new director to American International Group Inc.’
- XL Catlin online portal provides one stop for cyber security information
XL Catlin said Monday that its cyber & technology insurance business has launched CyberRiskIQ.com, an online portal that helps address data breaches.
- Ford no longer using Takata air bag ammonium nitrate inflators
(Reuters) — Ford Motor Co. said on Monday it is not using Takata Corp. air bag inflators in vehicles under development, but is not issuing a recall or expanding previously announced recalls.
- HHS proposes boost in health care plans' out-of-pocket limits
Employers would be allowed to bump up how much in out-of-pocket expenses they can require employees in high-deductible plans to pick up under newly proposed regulations.
- Contractor faces $105,000 in fines after worker killed in trench collapse
A Louisiana excavating contractor is facing $105,000 in proposed fines from federal safety regulators after a trench collapse that killed a 24-year-old employee.
- Pfizer to buy botox maker in $160 billion deal
(Reuters) — Pfizer Inc., the maker of Viagra and Lipitor, has struck a deal to buy Botox-maker Allergan PLC. in a transaction valued at about $160 billion.