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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. [...]

The IRS weighs in on the ACA and ‘skinny’ plans

The IRS plans to close a major loophole in the ACA by banning employers who offer ‘skinny’ medical plans without hospitalization coverage from qualifying as minimum value plans under the health reform law. [...]

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. [...]

Securian Financial Group Acquires Majority Interest in Insurance Asset Manager

Transaction more than triples Securian’s external insurance assets under management [...]

Prestige International Deploys EIS Group's Core Systems

The insurance software is helping Prestige lower costs associated with claim adjudicating services for automobile extended warranty products. [...]

Securian to Buy $16.4 Billion Asset Manager From Stone Point

Insurers have been buying asset managers to add fee revenue from third-party clients. [...]

Retirement Plan Insurers Expanding Mobile and Social Capabilities

plan participants expect the same level of transactional capability from their mobile devices that they experience in retail and other mobile friendly industries, Novarica finds. [...]

ACA sign-ups erroneously inflated with dental plans

The Obama administration said it erroneously calculated the number of people with health coverage under the Affordable Care Act, incorrectly adding 380,000 dental subscribers to raise the total above 7 million. [...]

Employers optimistic about health plan coverage

A majority of employers – regardless of workforce size – are planning to keep their health plan coverage going into next year as the Affordable Care Act’s employer mandate takes effect. [...]

Americans find only 3 things less satisfying than health insurance

Health insurance industry has lowest satisfaction rating in nearly a decade, report says. [...]

Advisers seek tech tools to help employers with ACA

Benefit advisers are prepared to make significant investments in internal systems in 2015 to better manage their workload, improve existing relationships with employers and better market themselves to prospects. [...]

U.S. Says Obamacare Numbers Erroneously Inflated by Dental Plans

The accurate number with full health-care plans is 6.7 million as of Oct. 15, says a spokesman for the U.S. Department of Health and Human Services. [...]

Travelers Warns of 5 Types of Theft to Watch for this Holiday Season

Tips for consumers and businesses include reviewing credit reports, keeping purchased items out of sight in vehicles, and deploying a risk management plan. [...]

Humana and CVS/pharmacy to Offer In-Store Health Insurance Payment

Individual plan members now can pay monthly premiums at retail locations. [...]

LexisNexis Risk Solutions Launches Fraud Defense Network

The cross-industry alliance will provide a platform for insurers, financial services companies and others to share resources, information and intelligence to fight fraud. [...]

Loss Cost Containment is P&C Claim Officers’ Primary Goal

Delivering superior customer service is also important, according to a Towers Watson survey of chief claims officers. [...]

Hamilton Health Care System Adopts Cloud-Based Benefits Administration

Benefitfocus software helps 1500-plus employees to choose from available plans. [...]

Insurance carrier requires ACA exchange certification for all its agents

Blue Cross Blue Shield is requiring all agents in the individual market in one state be certified to sell in the state’s federally facilitated marketplace — even those who only sell outside of the exchange. [...]

Employers see role for more tech in retirement plan communications

Plan sponsors see a growing need to use technology in retirement plan communications, with the majority saying they will increase their use of technology to deliver information to employees over the next two to three years. [...]

Review workplace drug policies in light of new state laws

The 2014 midterm elections did more than just make paid sick leave benefits mandatory and increase minimum wage; ballot measures also approved recreational use of marijuana in various states and regions. [...]

How advisers can engage millennials to maximize retirement savings

Millennials are not saving enough to take full advantage of their employer’s 401(k) company match, but benefit advisers say there are many tools employers can use to turn this trend around and engage the younger generation. [...]

Erie Insurance Targets Uber and Lyft Drivers with Ridesharing Policy

Policies for business use of personal vehicles historically were designed only to address deliveries and customer visits; personal vehicles for taxi-like services creates new risk exposures not covered by previous policies. [...]

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. [...]

CHROs tie higher health, labor costs to ACA

The HIX marketplace may offer Americans more choice when it comes to health insurance, particularly as public exchange options expand, but it continues to complicate life for HR professionals. [...]

Tech survey, part 2: What do benefit managers want?

On the whole, benefits professionals do feel a high level of satisfaction with the majority of technology they use, but shortcomings in end-user experience remain a frustration. [...]

Brokers predict increase in employers dropping group health coverage

A majority of brokers have seen some of their employer clients drop group coverage altogether in reaction to the ACA and double-digit rate increases. That trend, they say, will rise and advisers need to adjust the way they do business if they hope to survive. [...]




Daily Quotes

  • "Each problem that I solved became a rule which served afterwards to solve other problems." - Rene Descartes (1596-1650), "Discours de la Methode"
  • "Daring ideas are like chessmen moved forward; they may be beaten, but they may start a winning game." –- Johann Wolfgang von Goeth
  • "The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one." Mark Twain 1835-1910, Writer
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