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Recent News
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Over 500 Jobs To Be Cut At 21st Century Insurance
...mail communications. Read more in our California's largest auto insurer, Farmers Insurance Group plans to slash hundreds of jobs by the end of year. Most of the jobs will be cut at the offices of its newly acquired 21st Century Insurance unit in Woodland Hills. Farmers plans to cut 554 jobs by the end of 2009 and a total of 750 by the end of ... 979 employees. Farmers completed its purchase of 21st Century from troubled insurance giant American International Group Inc. on July 1. Some of the displace workers may be offered jobs at 21st Century's executive offices in Wilmington, Del., while ... -
Farmers Insurance to slash workforce at 21st Century unit in Woodland Hills
... Group, said Thursday that it planned to slash jobs at the offices of its newly acquired 21st Century ... completed its purchase of 21st Century from troubled insurance giant American International Group Inc....home, auto, life and other insurance products with a network of agents -- added 21st Century.... Some of the displaced workers could be offered jobs at 21st Century's executive offices in Wilmington,... Financial Services Ltd. of Switzerland, is a major employer with about 5,200 employees in the Los Angeles area... money. The wave of bad publicity sent sales skidding, leading to a round of layoffs and... -
Nigeria: Naicom Targets 250, 000 Jobs For Insurance Sector (Page 1 of 1)
... a medium term plan in the Nigeria insurance industry which will generate employment for 250, 000 Nigerians by 2012. Daniel said this yesterday in Abuja at the launch of "the Nigeria Insurance Market Development and Restructuring Initiatives (MDRI...by NAICOM. The project launch was attended by chief executives of Insurance firms in the country. He said when fully implemented,...He noted that "between 1987 and 2004, 16 insurance products were made compulsory in Nigeria but ...are very prominent and capable of generating 55% of the insurance industry premium income but because products ... -
NFIB: Employer-mandated insurance is "regressive" tax
The small-business community is split on how it will be affected by a proposed mandate that would require employers to provide health insurance for workers or pay an 8% payroll tax. The mandate will cause the private insurance market to collapse, says Tony Gagliardi, NFIB/Colorado. Many small businesses that now pay 10% to 11% of their payroll for insurance would cut back, he says. "We just don't believe it's government's role to be involved in our health care system," he said. Designed specifically for small and independent ... -
Unemployment Insurance Open Thread
... maneuver their way through Illinois' unemployment insurance bureaucracy. Many folks have asked ... going. Below is a piece of literature from the Illinois Department of Employment Security that provides basic information about eligibility and... eligible to receive 26 weeks of state-backed insurance. Once that is exhausted, an Illinois worker can ...demonstrating they are undergoing a "sustained and systemic" job search. This includes personally contacting at least five employers and filing at least three resumes ...see no improvement of employment opportunities and have been looking for a job full time.... -
Number Of Employment Insurance Beneficiaries In Canada Up 5.1 Percent In June
The number of Canadians receiving Employment Insurance benefits is still rising, indicating Ottawa will continue to grapple with the issue which the Liberal Party wants to use to force a federal election. According to Statistics Canada, in June the ... yielded an 18.8 percent rise, which is lower than the 25.2 percent hike for the first quarter of 2009. Reckoned from October 2008 when employment was at its peak across Canada, the number of EI beneficiaries have jumped by 63.2 percent or 316,300 unemployed Canadians. Among the subgroups that continue to ... -
Florida's unemployment insurance trust fund runs out of money
Florida's unemployment insurance trust fund has run out of money, forcing the state to tap a federal loan to ...State officials stressed there will be no immediate effect on those receiving unemployment insurance. "There will not be any delay or lapse in payments. They will continue to..."absolutely" be sufficient. Florida's unemployment trust fund is intended to be self-sustaining. Employers are taxed every quarter on the first $7,000 in wages per employee. Historically, ... funds and pay back the federal loans — options such as raising employer taxes, tightening eligibility or cutting benefits. -
Health Reform, Employment Cloud Insur...
Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit BY JOHN JANNARONE With lawmakers at loggerheads over the health-care overhaul, some of the industry may end up being spared. Do insurers still have dues to pay? After being crushed by uncertainty over their future, health insurers have seen their stocks recover in recent months. And valuations appear cheap, with Aetna and WellPoint trading at ... -
Employer Health Insurance Costs Keep Rising
iStockphoto.com ) Big insurers surveyed by Aon Consulting figure the cost of health coverage provided by employers will rise more than 10 percent . Your boss might make you pay more to get coverage, reduce your benefits or dole out a smaller raise (if anybody even gets those anymore). Costs are rising as workers and retirees still covered by employer plans get older. Higher medical costs and greater demand for services are also factors, says an Associated Press on the findings. Looking for some good news? Well, cost increases are slowing a tad. In the spring of 2008, the expected ... -
Guest View: Dismantling employer-based insurance system is wrong approach
...sponsored coverage through the tax code by recognizing that insurance premiums paid on behalf of workers is a business ... competitive. For individuals, there are a multitude of advantages to employer-sponsored coverage, not the least of which... encourage the provision and acceptance of employer-sponsored health insurance, the premium payments made... income. This exclusion from taxation is a significant benefit of employer-sponsored coverage. The actual cost of coverage...'t access-it's affordability. It is important to remember that health insurance is a financing mechanism for health care. As the cost... -
Northrop Grumman to trim more jobs involved in Virginia IT overhaul
... working on the state's massive IT overhaul -- the latest to lose their jobs in rolling layoffs that will continue as the project advances. Christy Whitman, a ...that Northrop Grumman "does not have a comment on this matter." According to the Virginia Information Technologies Agency, which hired Northrop Grumman, the ... colleagues who had switched from the public to private payroll had not adjusted to life in the for-profit sector: "The people just don't know what ...for Northrop Grumman, but the state is aware they will be losing their jobs because they were assigned to the VITA project. The company ... -
Workforce West Virginia Reports Labor Force Has Dropped
...16,100 workers since July 2008, a decline of nearly two percent. West Virginia's labor force has lost 16,100 workers since July 2008, a decline of nearly two percent. Ben Parker with Workforce West Virginia says some people may have given up finding employment and are no longer counted as being in the labor force. Others may have ... so it's difficult to determine why the labor force is shrinking. West Virginia's unemployment rate increased from four percent on July 1, 2008, to...on July 1, 2009. But Parker says he's seeing signs that the employment picture is improving. ©2009 The Associated Press. -
Flexible Spending Accounts After a Layoff
... and that the difference would be covered by my employer. Is this true? -- M.L., Herndon, Virginia A: Good news -- you can... WageWorks, which administers FSAs for many large employers. If you don't spend the money before you leave your job, you usually forfeit the cash in the account. Ask your employer about the rules before you spend the extra money... law that lets employees keep group health insurance for up to 18 months after they leave...You don't have to use COBRA for health insurance to have COBRA coverage for your flex ...exceed your year-to-date claims when you leave your job, says Dietel. Then ... -
Geico Ready to Add More Local Jobs
...of the country's largest passenger car insurers, is moving a home insurance subsidiary based primarily in Virginia to its service center at the CrossPoint Business Park. ' The 300 new jobs will be filled over the next two years, bringing total employment at the service center to about 1800 persons. The job expansion will be funded in part by the Empire State Development Corporation and Amherst Industrial Development Agency. Governor David Paterson is expected to make a formal announcement of the new jobs at 11'o'clock Wednesday morning at CrossPoint. -
Flexible Spending Accounts After a Layoff
... year and that the difference would be covered by my employer. Is this true? -- M.L., Herndon, A: Good news -- you can ... WageWorks, which administers FSAs for many large employers. If you don't spend the money before you leave your job, you usually forfeit the cash in the account. Ask your employer about the rules before you spend the extra money.... law that lets employees keep group health insurance for up to 18 months after they leave... You don't have to use COBRA for health insurance to have COBRA coverage for your flex ... exceed your year-to-date claims when you leave your job, says Dietel. Then ...
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