benefits News

Minnesota Receives $26M to Continue Design of Insurance Exchange

Minnesota Gov. Mark Dayton announced that the state has received a $26 million grant to continue the design and development of a Minnesota-made health insurance exchange. An exchange is a marketplace where Minnesota consumers and employers can find, compare, choose, …

Report: New Orleans Wasted Money on Life Benefits for Years

The city misspent around $500,000 on employee benefits during a span of eight years, according to a report released by the New Orleans Inspector General. The inspector general’s office evaluated the city’s policies and practices relating to procuring and managing …

Heffernan in Orange County Names Albanese SVP, Benefits

Heffernan Insurance Brokers has hired Karen Albanese office as senior vice president in its Orange County, Calif. office, focusing on benefits strategy and administration. Albanese will work out of Walnut Creek, Calif.-based Heffernan’s Los Angeles branch, expanding Heffernan’s reach in …

Willis Group Acquires Italian Broker

Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela Andreussi. Terms of the transaction were not announced. …

Dobelbower Joins Lockton’s International Benefits Practice in Washington, D.C.

Lockton Benefit Group of Lockton Companies announced the expansion of its International Benefits Services practice with the addition of Nicholas Dobelbower, Ph.D., as Senior Consultant. His primary role “is to provide strategic international employee benefits guidance to Lockton’s clients around …

Neal to Lead Lockton’s Pharmacy Analytics Group

Lockton Benefit Group, a unit of Kansas City, Mo.-based Lockton Companies, has added Orlando M. Neal as director of Pharmacy Analytics. Neal brings more than 15 years of extensive experience in pharmacy analytics, actuarial services and risk management consulting to …

Edwards Named Healthcare Practice Leader at Wells Fargo Insurance Services

Chicago-based Wells Fargo Insurance Services USA Inc. named Theresa G. (Terri) Edwards national healthcare industry practice leader. Based in North Carolina, Edwards will report to Keith Burkhardt, executive vice president and regional managing director, Wells Fargo Insurance Services. Edwards will …

Louisiana Worker Insurance Program Valued at Up to $217M

The market value of a state worker health insurance program that Gov. Bobby Jindal is considering privatizing has been pegged between $133 million and $217 million, according to an audit released Aug. 29. The assessment by New Orleans-based Chaffe & …

Sun Life Financial Launches Malpractice Insurance Reimbursement

The Employee Benefits Group division of the U.S. business group of Sun Life Financial, Inc. has launched a malpractice insurance reimbursement rider. The optional rider offers physician group long-term disability customers reimbursement of their malpractice insurance premium payments while they …

EU Court Rules Insurers Cannot Link Risks to Gender

Insurance companies cannot take gender into account when setting premiums and paying out benefits from annuities and retirement savings or accident cover, the European Union’s top court ruled on Tuesday. The ruling by the European Court of Justice could increase …