Clock’s ticking for employers who overpaid ACA reinsurance fee

Employers that realize they overpaid a health reform law-mandated “reinsurance” fee generally have until April 30 to seek a refund from the Centers for Medicare and Medicaid Services, regulators have disclosed. Read more »

Aspen repositioning; Rupert Villers to retire

Despite solid first-quarter financials, Hamilton, Bermuda-based Aspen Insurance Holdings Ltd. is repositioning itself amid persistent soft reinsurance prices and said Thursday that top executive Rupert Villers will retire later this year. Read more »

Workers comp drug formulary bill moves in California

A California bill that would establish a closed formulary for medications prescribed in the workers compensation system has unanimously passed the Assembly Insurance Committee. Read more »

Policy checker program offers error solutions for brokers

Document analysis software company Adsensa Ltd. has launched an insurance policy-checking product for North American brokers that aims to minimize potential errors and omissions exposures and reduce policy backlog. Read more »

Allied World reports income drop for first quarter

Allied World Assurance Co. Holdings A.G. saw net income drop 29.7% to $124.4 million as expenses rose sharply and the company’s combined ratio worsened in the first quarter of 2015. Read more »

Banks seek to block Target’s deal with MasterCard over data breach

(Reuters) — A group of small banks and credit unions suing Target Corp. over its massive data breach in 2013 are moving to block the retailer's proposed $19 million settlement with MasterCard... Read more »

NFL concussion class action settlement approved

A federal judge in Philadelphia on Wednesday granted final approval to a settlement in a class action lawsuit brought by more than 4,500 former players against the National Football League for concussion-related... Read more »

House passes cyber threat information bill

(Reuters) — The House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cyber security threats with each other and the government... Read more »

ADM could use drones from 2016 to get crop insurance claims data

(Reuters) — Archer Daniels Midland Co. plans to use drones to gather data on crop insurance claims as soon as the summer of 2016, its risk services head told Reuters on Wednesday. Read more »

Whistleblowing compliance officer to get $1.5 million award

A compliance officer will receive a whistleblower award of between $1.4 million and $1.6 million, the U.S. Securities and Exchange Commission said Wednesday. Read more »