Employer Strategies

Willis Re created a new group to provide those in the life insurance and annuity market with advice on risk mitigation and financial leverage, the reinsurance unit of the London insurance brokerage Willis Group Holdings P.L.C.

Allstate Corp., already the second-largest U.S. auto insurer, said on Wednesday it would expand into online sales by buying Esurance from White Mountains Insurance Group for about $1 billion.

Many investors are unaware of the options available for their 401(k) account left with a previous employer, Fidelity Investments found. Nearly one-third (30%) who made a job transition are unsure of what to do with their workplace retirement savings.

Expensive new cancer drugs, treating increasing numbers of patients, could drive up cancer drug spending by as much as 15% a year through 2013, according to the newly released 2011 Medco Drug Trend Report, which tracks drug utilization and spending.

As employers shift to an employee-driven benefits model, plan participants’ perceived value and satisfaction in their benefits are declining, according to Prudential’s fifth annual “Study of Employee Benefits: Today & Beyond.”

Health care is a highly regulated industry, but medical imaging isn't as regulated as one might expect. Most of the regulations center around breast imaging, which was recognized nearly two decades ago as an area that needed to be standardized and regulated at the federal level.

Electronic prescriptions among U.S. office-based prescribers increased 71% to 326 million in 2010, compared with 190 million the previous year, according to an annual progress report from e-prescribing network vendor Surescripts.

American Westbrook Insurance Services, LLC, a subsidiary of Hendricks Holding Company, Inc., has acquired substantially all of the assets of The American Worker Plans, Inc., expanding the services available through its benefit wholesale division.

GreenWood International Insurance Services, Inc., a Massachusetts based managing general underwriter, announced they have been acquired by Pan-American Life Insurance Group, a leading provider of life and health insurance in Latin America and the U.S. Hispanic market.

Most states likely will run their own medical insurance marketplaces or partner with neighbors to help expand coverage under the federal health overhaul, U.S. Health Secretary Kathleen Sebelius said on Wednesday.