3+ day, 10+ hour ago   (295+ words) Benefits now account for exactly 30 percent of what private-sector employers pay per hour worked - $14.07 of a $46.89 total, according to the Bureau of Labor Statistics' Employer Costs for Employee Compensation (ECEC) report for June. Wages made up the remaining 70 percent, at…...

4+ day, 20+ hour ago   (1067+ words) US employers are absorbing record cost pressures rather than passing them on to workers but unless they fix a deepening benefits literacy crisis, the extra coverage they are stacking to bridge affordability gaps will go largely unused. Nicole Negvesky, Executive…...

5+ day, 8+ hour ago   (449+ words) A related and thornier issue, Rosenbaum said, is what happens once an expert's report is actually finished. Insurers rely on those reports to determine a coverage position, but clients are typically shown only the portions the insurer chooses to share,…...

1+ week, 5+ day ago   (848+ words) US employers are spending up to $20,000 per employee each year on health plans but investing less than $10 per employee communicating those benefits. John Tournet, senior vice president of benefits consulting at Arthur J. Gallagher & Co. in Chicago, says that imbalance is…...

1+ week, 5+ day ago   (677+ words) London market claims expertise is draining away faster than firms can replace it. LMA research from July shows the share of professionals at managing agents with more than 15 years' claims experience fell from 37% to 31% in just two years. For brokers…...