Asset losses for defined-benefit pension plans hit $54 billion in February

Defined-benefit pension plans lost $54 billion in assets in February, according to a new report from Milliman Inc., a consulting and actuarial firm.

The losses, however, were offset by liability decreases ...  Read →  Read Story

Kaiser to pay D.C., Maryland and Virginia $375,000 for vendor error

Kaiser Foundation Health Plan of the Mid-Atlantic States agreed to pay a total of $375,000 in fines to insurance regulators in Maryland, Virginia and Washington, D.C., to resolve paperwork problems ...  Read →  Read Story

News that executives at AIG will receive a cumulative $165 million in bonuses has many Americans and political pundits up in arms, according to ABC News.

The bonuses were part of ...  Read →  Read Story

The New York Times reports that President Obama‘s administration is floating the concept of employee health benefits.

This proposition flies smack in the face of the president’s campaign promises in that ...  Read →  Read Story

Pennsylvania benefits group acquires new blocks of business

Caruso Benefits Group of Bethlehem, Pa., has announced the purchase of two blocks of business as part of the company’s strategic growth plan.

The firm, a subsidiary of National Penn Bank, ...  Read →  Read Story

Roberts moves from interim to permanent CEO of Assurant Employee Benefits

John S. Roberts was named president and CEO of Assurant Employee Benefits, roles he had assumed on an interim basis since July 2007, when several executives were placed on administrative ...  Read →  Read Story

Advocacy group warns New Jersey patients about possible CVS Caremark privacy issue

A group representing thousands of workers in CVS Caremark plans is warning that the pharmacy benefit manager could be selling patient information and prescription drug histories of state employees and ...  Read →  Read Story

Congress to again weigh multi-peril coverage for coastal areas

A congressman from the Gulf Coast has re-introduced multi-peril legislation designed to restore the homeowners insurance market in coastal areas, where insurers have been writing fewer polices since Hurricane Katrina ...  Read →  Read Story

The Professional Insurance Agents of New York State is seeking for nominees for its 2009 Distinction of Professionalism awards, which this year includes a new award, the Community Service award.

The ...  Read →  Read Story

Self-insured group tells Capitol Hill about concerns with health care reform

Members of a national self-insurance industry trade group expressed concern March 12 about how proposed health care reform might harm the 75 million people who are covered by self-insured employee ...  Read →  Read Story