employer voluntary benefits Archives

Allstate’s $2 Billion Deal: What Investors and Policyholders Need to Know About the Big Sell-Off

August 16, 2024August 15, 2024 Ester Adams

Allstate Divests Employer Voluntary Benefits Business for $2 Billion: Impact on Investors and Policyholders In a strategic move that sent ripples through the insurance sector, Allstate has sold its Employer Voluntary Benefits business to StanCorp Financial Group, known as The Standard, for $2 billion. This transaction marks the beginning of Allstate’s plan to divest its Allstate Health & Benefits units, including Employee Voluntary Benefits, Individual Health, and Group Health, in a bid to unlock their growth potential by merging them with companies having complementary strengths. The announcement has been met…

Employees are receiving more creative benefits from companies

January 8, 2012 Julie Campbell

Companies are providing a wider range of unique and creative benefits to their employees in 2012, with available services ranging from discounted jewelry to pet insurance, reduced funeral planning costs, cancer insurance and even meditation services at the desk. These additional benefits are arriving at a time when employers are trying to keep their workers content in their workplaces despite the higher workloads, pay cuts, reductions in matches for 401(k), and higher costs for health insurance. According to managing director John Breman, from the employer consultancy, Towers Watson, businesses are…