Honeywell Blocks EEOC Move to Halt Wellness Penalties for Now
Honeywell International Inc. defeated the Equal Employment Opportunity Commission’s bid for a court order preventing it from penalizing workers who don’t participate in a corporate wellness program. After hearing arguments yesterday, U.S. District … Read More
CNA Offering 11,000 Former Employees Pension Buyouts
CNA Financial Corp., the commercial insurer majority-owned by Loews Corp., offered lump-sum payments to 11,000 former employees to encourage them to give up their pensions. The program could reduce fourth-quarter earnings by as much as $65 million, Cra… Read More
HIlb Group Acquires North Carolina’s Lake Norman Benefits
The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina. Terms were not disclosed on the transaction that closed on Nov. 1. LNB will continue to operate at its current location under previous owner and The article H… Read More
Wholesaler RT Specialty Acquires Tennessee Underwriters
Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) has acquired the assets of excess and surplus broker, Tennessee Underwriters Inc. (TUI). A family-owned business, TUI was formed in 1980 in Nashville. It moved to nearby Franklin in … Read More
Baldwin Named Partner at Tampa’s BKS-Partners
Baldwin Krystyn Sherman Partners (BKS-Partners) in Tampa, Florida, has appointed Trevor Baldwin to partner. He joins Lowry Baldwin, Laura Sherman and Elizabeth Krystyn as partners at the private independent insurance agency. Baldwin is responsible for … Read More
Confie Seguros Acquires 2 New York, 1 California Brokers
Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages, two in New York’s Buffalo area and one in California. Confie Seguros acquired The Insurance Market Agency Inc. in Tonawanda, New York and Action A… Read More
MetLife Executives Appear Before FSOC to Challenge Systemic Risk Tag
MetLife Inc. Chief Executive Officer Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing Monday to challenge regulators’ proposal to subject the insurer to Federal Reserve oversight, a person with knowledge of the matter … Read More
Aon Hewitt’s CIO Named on Computerworld Premier 100 IT Leaders List
Aon plc, the provider of risk management and human resource consulting and outsourcing, announced that Matthew Heckler, chief information officer for Aon Hewitt, was named to IDG’s Computerworld Premier 100 IT Leaders’ list for 2015. The list… Read More
AIG Q3 Net Income Rises 1% to $2.19B, More Share Buybacks Planned
Insurer American International Group on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations. After-tax operating income jumped 23 percent from a year earlier. Chief Executi… Read More
Lyft Rideshare Passenger Dies in California Crash
A spokeswoman for rideshare service Lyft says one of its drivers was involved in a multi-car crash in Northern California that left a man dead. California Highway Patrol officials said the driver was giving a ride to two passengers early The article … Read More
