- Tax on opioids to fund treatment programs could hike workers comp costs
A proposed tax on opioid painkillers that would be used to fund substance abuse treatment programs could significantly increase workers compensation costs.
- Ironshore names ex-AIG property underwriter chief underwriting officer
Ironshore Inc. has named Boston-based Shawn Homand chief underwriting officer of global property.
- XL Catlin merger synergies higher than first estimated
XL Group P.L.C. now expects the synergy savings from its acquisition of Catlin Group Ltd. to reach about $500 million by the end of next year.
- Obama veto allows new Labor Department fiduciary rules
President Barack Obama vetoed legislation Wednesday that would have blocked enforcement of final Labor Department retirement plan fiduciary rules.
- British insurers trade group nominates chairman
The Association of British Insurers Board has nominated Nottingham, England-based Andy Briggs to become its next chairman, ABI said in a Tuesday statement.
- State top court to rule in high-stakes public pension case
(Reuters) — The New Jersey Supreme Court is expected to decide on Thursday whether the state’s 2011 public pension reform improperly froze retirees’ cost-of-living increases, a ruling that could cost the state billions of dollars in new…
- Morgan Stanley pays SEC fine over stolen customer data
(Reuters) — Morgan Stanley has agreed to pay a $1 million fine to settle U.S.
- AIG, Travelers units not liable for payment on asbestos claims
Units of Travelers, AIG that had provided excess coverage to a now-bankrupt asbestos manufacturer are not obligated under their policies.
- May saw $7 billion in global insured losses
Disasters across the world caused at least $7 billion in insured damage in May, according to a Aon Benfield Group report.