Business Insurance Breaking News

Willis taps ex-AIG CEO Sullivan to lead new global unit

NEW YORK—Willis Group Holdings P.L.C. has appointed former American International Group Inc. CEO Martin J. Sullivan to lead a new business unit that oversees Willis’ brokerage and risk management advisory services for multinational clients.

Cutting health costs outweighs grandfathered status: Survey

Forty-seven percent of U.S. employers expect one or more of their health care plans to lose grandfathered status in 2011 because of design and other changes they will make to help avoid double-digit cost increases, according to a survey released Wednesday.

Quake shakes rates for Australian insurers: Analysis

CHRISTCHURCH, New Zealand—Australian insurers' reinsurance costs are expected to rise as losses mount from an earthquake that caused significant damage on New Zealand's South Island, a rating agency said Wednesday.

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New White Paper: In a time of continuing medical cost inflation and compliance burdens, how can businesses maximize the return on their health care benefits investment? Read for expert advice and analysis of trends.

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Stories From This Week's Issue

Cost-shifting rises in poor economy

Average annual premiums for employer-sponsored health insurance grew just 3% this year for family coverage, but employees' share of those ...

Increase in pirate attacks draws more K&R capacity

As hijackings by Somali pirates persist, new insurers have begun offering kidnap and ransom insurance, observers say. ...

Disability claims mount as job security fears ease

The economy may be a factor in a spike in worker disability claims as employees who held back out of fear of losing their jobs after the ...

Employers rush to tap early retiree health fund

WASHINGTON—Thousands of employers and other retiree health care plan sponsors are flocking to a one-time $5 billion government program ...

Flood cover extension tops wish list

WASHINGTON—Congress needs to extend the National Flood Insurance Program during the short session that begins next week, according to ...

Hurricane Earl weakens as it heads to Northeast

BOSTON—Hurricane Earl brushed the U.S. Southeast last week, but risk modelers said they did not expect significant insured losses. ...

Employers test health care effectiveness

DALLAS—A pilot project that launched this week will help nine employer members of the Dallas-Fort Worth Business Group on Health more ...

Hurricane season pivotal for reinsurers' results

U.S. reinsurers' first-half 2010 results reflect catastrophes so far this year and the ongoing soft market, while future results hinge on ...

Officials probe cause of Gulf of Mexico oil rig fire

HOUSTON—An oil production platform in the Gulf of Mexico caught fire last week and forced 13 workers into the ocean. ...

U.K. pension benefit cuts expected

LONDON—More than one-third of large U.K. employers are likely to reduce pension benefits when rules requiring them to automatically ...

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