The field of long-term-care insurance providers is shrinking as companies exit the business or limit their sales. Of the 15 companies that generated the most statutory earned premiums for long term care insurance in 2010, five either no longer sell the product or have curbed sales.Read More
Existing policies will remain in effect and renewable, provided an employer's premiums are paid on time and its policy limits are not exhausted.Read More
The Workers' Compensation Research Institute said California's medical costs per workers' comp claim increased 8 percent per year from 2005 to 2009.Read More
Despite employers' cutting back on providing benefits, few employees are purchasing such policies on their own, says new study.
The House of Representatives voted to repeal the Community Living Assistance Services and Supports Act, a long-term-care insurance provision of the 2010 health care reform law.
The Mountain View, Calif.-based search engine and technology giant wants to use Imi Assurance Inc. to reinsure life, accidental death and dismemberment, and long-term disability policies written by Prudential Insurance Co. of America.Imi was licensed by Hawaii regulators in December 2010 and is authorized to write property and casualty coverage.Read More
Amid steadily rising costs, employers, especially larger organizations, continue to take action to try to hold down cost increases to more manageable levels, according to the Mercer survey.Read More