American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid. In the deal announced Monday, MetLife will pay $6.8 billion
Tags: met,voluntary,ny1,northeast,vb,disability,group life
In the final quarter of 2009, a renamed insurance company subsidiary of American International Group Inc. became the No. 1 seller of fixed annuities overall in the United States, according to ...
London firm exploring sale of Old Mutual Life, OM Financial Life
Source:IFAwebnews.com | Life insurance news
Posted yesterday.
The parent company of Old Mutual Life Insurance Co. and its subsidiary, OM Financial Life Insurance Co. of New York, said today (March 11) it is considering selling off both companies.
Eldercare Remains Silent Problem (but It Shouldn’t)
Source:Industry Radar Top News Sources
Posted yesterday.
to leave work immediately? “That gets their attention,” Bongiovanni says. It should get yours too. According to a MetLife study published in 2006, the average cost to companies per full-time, employed caregiver is $2,110 per year. As the population
Tags: met,voluntary,ny1,northeast,vb,disability,group life
[Opinion] Is It the End for Discretionary Clauses?
Source:BenefitsLink
Posted yesterday.
Excerpt: "I have been wondering about the question of whether state insurance commissioners can effectively gut the industry practice of including discretionary clauses in disability policies by refusing to approve forms for use that include them, or whether ERISA preemption precludes that action. [T]he Ninth Circuit concluded that they could do exactly that, without running afoul of preemption . . . ." (Stephen Rosenberg of The McCormack Firm, LLC)
CT AG Charges Antitrust Practices in Health Insurance Industry
Source:HealthLeadersMedia.com - Health Plan News & Analysis
Posted today (20 hours ago)
Connecticut Attorney General Richard Blumenthal said his office has uncovered a potentially anticompetitive practice by health insurance companies that could raise healthcare costs and lower competition. In a letter to HHS Secretary Kathleen Sebelius, Blumenthal called for an investigation of these practices at the national level.
In Massachusetts, the Pros and Cons of New Imaging Technology
Source:WSJ.com: Health Blog
Posted today (22 hours ago)
Hospitals, clinics, insurers, equipment manufacturers and Congress -- not to mention patients and their doctors -- all have a part in the costs of imaging tests.
Early signs suggest that the HITECH program is pushing more physicians to adopt EHR systems, and that it is well on its way to accomplishing its long-term goals.
Strategy: Employee retention and culture branding through use of ...
Source:enterprise+web+2.0 - Google Blog Search
Posted today
To help keep retention, I believe that a relatively cheap solution would be to implement 2.0 tools (i.e. social media, enterprise social software, Web 2.0 applications, employee profiles, social networks, etc.). ...
DRC Enables Cloud Delivery of DecisionMaker Rating Enterprise
Source:InsuranceTech - All Stories
Posted today
DecisionMaker Rating Enterprise customers will be able to minimize overhead, create multiple cloned environments and quickly perform "what if" analysis with version 7.1, the vendor says.
Companies Like IBM Should Disclose Scope of Global Activities
Source:Ann All
Posted today
Last March I wrote about what some folks called IBM's "stealth layoffs ." Labor experts cited IBM's actions as an illustration of the need for an overhaul of the federal WARN (Worker Adjustment and Retraining Notification) Act, which requires advance
Last week, I attended a webinar from WOMMA where WOMMA General Counsel Tony DiResta discussed the importance of disclosure across social media. This conversation normally focuses on brand-blogger relationships but the same best practices and government guidelines may also affect your Facebook Page.
Here are five things to keep in mind about your brand and disclosure [...]
Startup Visa Act Would Invite Foreign Investment in U.S.
Source:Ann All
Posted today
There's lots of bitter wrangling over the H-1B visa. Tech companies say they need more of them and many IT workers see them as a way for companies to drive down their labor costs while harming Ameriocan competitiveness in the process. My stance has
If Your Boss is an Asshole, Don't Give Him or Her the Book
Posted today (19 hours ago)
One of the strange things about The No Asshole Rule that took me at least a year after public to understand well is that -- although I believe the content is worth reading (after all, I took a long time...
Human Capital is a key element of strategy-implementation; provisioning it is an important HR function, HR-Analytics and assessment processes should be available to audit current employees and new recruits. Line-managers are responsible ...
New oxygenated alcohol will let workers sober up faster
Posted today (22 hours ago)
Guru is frankly tired of the seemingly weekly studies that prove that red wine/coffee/white wine/beer (delete as appropriate) is bad/good (delete as appropriate) for you, but latest research on booze from Korea was actually more eye catching than usual.
Boffins at Chungnam National University have discovered that infusing alcohol with oxygen allows drinkers to sober up more quickly.
Writing in the journal Alcohol: Clinical & Experimental Research, Professor Kwang-il Kwon, said: "The oxygen-enriched alcohol beverage reduces plasma alcohol concentrations faster than a normal dissolved-oxygen alcohol beverage does.
"This could provide both clinical and real-life significance. The oxygen-enriched alcohol beverage would allow individuals to become sober faster, and reduce the side effects without a significant difference in alcohol's effects."
But before Guru could proclaim "I'll drink to that", those killjoys at the Alcohol Health Alliance piped up, warning that "people might find they don't get as drunk and just take another drink".
The Second Biggest Lie in HR: All "A" Players is Possible Outcome...
Posted today (23 hours ago)
I’m here this week not to give you the normal PR spin about how strategic the HR function can be, but instead to call BS on the biggest lies in HR. It’s not that HR people want to lie. It’s...
Who’s Wearing Long Pants in Your Office? Company Culture and Knickers
Posted yesterday.
Some of you may not know this but young boys at the turn of the last century wore short pants most of the time. Even in winter they wore short pants but they were called “knickers.” It was a big deal to get long pants. My grandfather’s family was Catholic and you got your long pants when you were Confirmed (around 13.) Having long pants meant you were grown up. You were a “man.” The...
Tags: culture,general business,employee,influence,mentoring,recognition,delancey street
Freehills has rejected claims that former lawyer Nicole Stransky suffered age discrimination and bullying during her two-year stint at the firm from 2006.
Banishing bullying from the workplace can save a company thousands in workers’ compensation claims. John Stanton provides tips for HR to safeguard their company against bullying claims
Insurance operations sale profit assures fat payout - Melbourne Herald Sun
Posted on Dec 11, 2007 (821 days ago)
Insurance operations sale profit assures fat payout Melbourne Herald Sun, Australia - 20 minutes ago ... re-insurance and general insurance operation -- which includes the Cobalt and Gordian businesses -- to Bermuda-based Enstar Group for $585 million. ...
Wells Fargo Announces Strategic Alliance With Great American Insurance Group (Marketwire)
Posted on Dec 11, 2007 (821 days ago)
Wells Fargo Insurance Services, Inc., America's largest bank-owned insurance brokerage and a subsidiary of Wells Fargo & Company, said it has formed a strategic alliance between its Wells Fargo Special Risks, Inc. subsidiary and Great American Custom Insurance Services Division of Great American Insurance Group, a leading underwriter of specialty property and casualty insurance.
Will Insurance Cover Subprime Lending and Securities Litigation? - FINalternatives
Posted on Dec 11, 2007 (821 days ago)
Will Insurance Cover Subprime Lending and Securities Litigation? FINalternatives, NY - 20 minutes ago D&O insurance typically covers the directors and officers and the corporate-policyholder (where entity coverage is present). Similarly, standard form E&O ...
AMP sells reinsurance operation - Sydney Morning Herald
Posted on Dec 11, 2007 (821 days ago)
AMP sells reinsurance operation Sydney Morning Herald, Australia - 26 minutes ago ... of its closed reinsurance and general insurance operation, which includes the Cobalt and Gordian businesses, to Bermuda's Enstar Group for $585 million. ...
Insurance tips for Identity Theft Prevention and Awareness Month - Zanesville Times Recorder
Posted on Dec 11, 2007 (822 days ago)
Insurance tips for Identity Theft Prevention and Awareness Month Zanesville Times Recorder, OH - 37 minutes ago Some insurance companies even include it as part of their homeowners insurance policy, while others sell it as a stand alone policy or as an endorsement to ...
COEUR d'ALENE -- A survey funded by a major insurance group finds Coeur d'Alene is the 18th most secure small city in the U.S.According to the survey contracted by Farmers Insurance Group of Companies...
FIA Fly-In: Producer Hopes To Spread Awareness - National Underwriter Life and Health Insurance News
Posted today (4 hours ago)
FIA Fly-In: Producer Hopes To Spread Awareness National Underwriter Life and Health Insurance News FIA products are annuities that offer guaranteed returns and the possibility that a holder can earn additional returns if a designated investment index or ...
401k Loans Used for House and Rental Property Investment
Posted today
I've used a 401k loans to buy a house twice and for rental property investment. Buying a property for personal use allowec me to get a 10 year payout for.
Southwest Airlines Gives Bostonians the Perfect Excuse for a Trip to the City of Brotherly 'Luv' (PR Newswire via Yahoo! Finance)
Posted today
Through April 13, residents of Beantown can take advantage of Southwest Airlines' introductory rate of $59 to Philadelphia for flights booked for June 27 through August 13, 2010. And since new, only-in-Philly and must-see events pack the region's calendar this summer, the timing is perfect.
Go antique shopping. The Indianapolis Art and Antiques Show to benefit Methodist is March 12-14 at the Indiana State Fairgrounds. For more information click here . Learn how to increase your fitness level. Attend the YMCA Endurance Symposium Saturday ...
Pletschet: Debunking myths about retirement investing - San Jose Mercury News
Posted today
Pletschet: Debunking myths about retirement investing San Jose Mercury News 4: A retiree will need a traditional defined-benefits plan in order to retire worry-free. Reaction: The old defined-benefits plan, the one that our parents ...
