Business Services Industry
Late News; Wal-Mart to modify employee health plan.(Gallatin Fuels Inc receives settlement amount for punitive damages from ACE Ltd)(Corbette Doyle joins Aon Corp)
Business Insurance, February, 2006
In response to an onslaught of state legislation targeting its employee benefits practices, Wal-Mart Stores Inc. will revamp its health care program by reducing coverage eligibility waiting periods, offering coverage to more workers and opening medical clinics in 50 stores. Among the expected changes: the company will expand its low-cost limited health plan to half of all employees by next year; children of part-time workers will become eligible for health care coverage at the same time the employee qualifies for coverage; and the waiting periods for part-time employees to become eligible for coverage will be shortened significantly.
S&P says P/C reserves still inadequate The global property/casualty industry may have boosted underwriting results in recent...
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