group benefits News

Cigna Eyes Sale of Group Life, Disability Business to Concentrate on Health: Reuters

U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. The unit for sale offers disability …

Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife

When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to decrease general health costs …

More Employers to Move to Private Health Insurance Exchanges

One-third of U.S. employers plan to move their workers’ healthcare coverage to a private exchange in the next few years, a survey found, following the lead of companies like Walgreen Co. seeking to reduce costs. While 95 percent of employers …

Less Than 50% of Small Businesses Offer Employee Benefits: LIMRA

Only 47 percent of small businesses (2-99 employees) in the United States offer benefits to their employees, the lowest level in two decades of research by the life insurance industry research organization LIMRA. According to the U.S. Census Bureau, 98 …

Costs Driving Changes, Opportunities in New World of Benefits Brokerage

Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being driven by costs — the cost of healthcare coverage and the cost of serving employers who are …

Agents Seek Diversified Role in Group Health/Benefits Arena

In recent years, a growing number of independent property/casualty agencies and brokerage firms have begun offering group health/benefits services to their clients.

AIG to Merge Group Benefits Units From Chartis and American General

Two American International Group units — Chartis U.S. Accident and Health, and American General Life Companies — are planning to merge their group benefits businesses into a single, unified organization. The consolidated unit will market insurance and benefits products for …