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MetLife Unveils New Life Insurance Field Underwriting Tool

The new offering is designed to provide a better client experience and more accurate rating class estimates. [...]

Hurricane Sandy Victims Allege Racketeering in Claims Review

By denying or underpaying claims, Wright mitigated its risk of facing a government audit and financial penalties for overpayment, according to the complaint. [...]

Digitally Distracted Driving Continues to Increase

The upward trend in smartphone use while driving may be largely due to the fact that more drivers own smart phones, but there’s also variation in the activities distracting drivers. [...]

IRAs offer new key to retirement readiness

Employers looking to amplify their employees’ retirement prospects might look to the growing individual retirement account field, as involvement in employer-sponsored retirement plans remains largely unchanged. [...]

The country's top brokers: Poised for growth

In exclusive interviews, Mercer’s Julio Portalatin and the heads of several other top brokerages — Gallagher, Lockton, Higginbotham, Willis and Pacific Resources —speak with EBA about their strategies for sustained development and staying ahead of the competition. [...]

IRS issues rules on hardship exemptions from ACA individual mandate

The IRS has issued a notice, regulations and other guidance related to the ACA, including information on getting a hardship exemption from the individual mandate for health insurance coverage. [...]

EAPs critical in promoting mental well-being

With mental illness and substance abuse costing employers an estimated $100 billion annually in indirect costs alone, benefit decision-makers are seeing value in promoting employee assistance programs as a means to improve their workforce’s mental well-being. [...]

Private exchanges: 'An evolutionary process'

Towers Watson has spent nearly a billion dollars of its own capital to build out its private exchange offering, OneExchange, through acquisitions. Jim Foreman, Towers Watson’s director of exchange solutions, shares how voluntary continues to grow in a private HIX marketplace and why more and more employers are expressing interest in the offerings. [...]

Former Massachusetts Insurance Commissioner Becomes Coverys COO

Joseph Murphy will take the reins of the malpractice insurers’ underwriting and risk management operations. [...]

Obamacare Users Would Move to Low-Cost Plans Under U.S. Proposal

The changes, which also include requirements for insurers on the transparency of their rate increases, are open to public comment. [...]

Obamacare Data Inflation Prompts Health Chief to Demand Review

The health department acknowledged Nov. 20 that it had double-counted about 393,000 people in dental plans when it announced that 7.3 million Americans were enrolled in August. [...]

PBGC final rule eases DC rollovers into pension plans

With its sights set on maintaining lifetime retirement income for the American workforce, a new final rule from the Pension Benefit Guaranty Corporation hopes to limit any obstacles participants face when rolling over their 401(k) money into traditional pension plans. [...]

Smoking cessation app shows results

A randomized controlled trial found that users of the SmartQuit program, created by Seattle-based 2Morrow, Inc., were 2.5 to three times more likely to quit smoking than those who tried to quit on their own. The program will be offered through employers, health plans and states. [...]

Top brokerages share why they’re invested in exchanges (or not)

Perhaps the hottest trend in benefits right now is the exchange distribution model. In EBA’s ongoing series of discussions with heads of the country’s top brokerages, these leaders share their approach to the exchange system and how they see private exchanges impacting the future of benefits. [...]

81% of Companies Shifting Mission Critical Apps to Cloud

A Forrester Research survey found that cost savings is no longer the primary driver for leveraging cloud services. [...]

House Republicans Sue Obama Over Delay in Health-Care Mandate

Republican leaders in Congress said the executive action was beyond the president’s power, and some state officials have threatened to sue. [...]

New York Life Honored for Workplace Equality by the Human Rights Campaign Foundation

The insurer earned top marks on the 2015 Corporate Equality Index for its corporate policies and practices related to LGBT workplace quality. [...]

Hiscox Taps Neil Lipuma to Spearhead Expansion of Financial Services Book

Industry veteran sets sights on innovation and client satisfaction for private and start-up funds. [...]

Insurance Investment Managers Hampered by Aging, Obsolete Systems

Return, risk and regulatory pressures require radical re-thinking of portfolio management operations, according to a report from Celent. [...]

ACA lawsuit could have implications beyond health care

No short-term effects are expected from House GOP’s ACA subsidy lawsuit, but industry experts expect long-term implications on presidential authority and upcoming elections. [...]

Obama administration to alter ACA enrollment in 2016

HHS is proposing to make some significant changes to the rules governing the Affordable Care Act, including a shortened time period for open enrollment and training requirements for brokers and agents. [...]

Mobile pregnancy app guides expectant moms to care

Prenatal and postpartum care programs are not only a benefit for employees who are expecting, they can also help employers avoid unnecessary costs related to preterm births. [...]

2015: ‘A lot less noise’ in private HIX market

Wizened consumers who are able to analyze their entire out-of-pocket exposure. That’s the goal of ConnectedHealth’s private exchange, says Joe Donlan, the company’s president. However, he predicts that increased consumer engagement is just part of the wave toward more employers adopting private exchanges. Donlan shares his view on where the industry is headed and how brokers fit into the exchange system. [...]

ACA approval hits record low as those with HIX plans satisfied with coverage

Americans’ approval of the Affordable Care Act is at a record low yet those uninsured who purchased coverage through the exchange are overall pleased with the quality of coverage they obtained. [...]

American Beacon Advisors Reaches Agreement to be Acquired by Kelso & Company and Estancia Capital Management

American Beacon Advisors, Inc., an experienced provider of investment advisory services to institutional and retail markets, announced today that its parent company, Lighthouse Holdings, Inc., has reached a definitive agreement to be acquired by investment funds affiliated with Kelso & Company and Estancia Capital Management, two leading private equity firms [...]

Sorrento Pacific-Michael White Report: Wealth Management Income Grows to Record First Half

Bank and thrift holding companies (BHCs/THCs) tallied a record $71.22 billion in wealth management income in first half 2014, up 6.2% from $67.05 billion in first half 2013, according to the new Sorrento Pacific-Michael White Bank Wealth Management Report [...]

Fitch's Inside Credit: Eurozone Banks' Sovereign Exposure and the U.S. Corporate Bond Market

The impact of possible limits on eurozone banks' exposure to sovereigns and shifting issuance patterns in the U.S. corporate bond market were top stories in this week's edition of Fitch Ratings' Inside Credit. [...]

Mercer to Acquire Private Markets Specialist SCM Strategic Capital Management AG

Mercer announced today that, subject to regulatory approvals, it has entered into a definitive agreement to acquire SCM Strategic Capital Management AG, a Swiss-based specialist private markets advisor and delegated solutions provider. [...]

Employer mandate focus of House Republicans' lawsuit

U.S. House Republicans made good on a vote to sue the Obama administration over implementation of the 2010 health-care law with a lawsuit naming the Department of Health and Human Services and the Treasury as defendants in what they claim to be a case of constitutional overreach. [...]

Revamped immigration system could help employers in war for talent

President Barack Obama outlined steps Nov. 20 that would revamp the nation’s “broken immigration system” by allowing undocumented immigrants to play by the rules and gain work authorization – potentially changing the rules for benefit managers. [...]




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