Mercer has released the results of its annual survey which have indicated that there will be an increase of 5.4 percent to employee health care benefit costs in 2012. Though the forecasted increase in health insurance rates will be the smallest one that has occurred in the last 15 years, it should still be noted that this increase is remarkably higher than salary growth and the inflation rate, the latter of which was at 3.9 percent. The employers who participated in the Mercer survey stated that they have been attempting…
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Insurers unlikely to raise rates in the wake of Hurricane Irene, according to Allianz
Despite fears that disaster-prone 2011 will incite higher insurance rates in the future, Allianz, one of the largest commercial insurance companies in the world, says that the toll of the damage caused by natural disasters throughout the year will not prompt widespread hikes in premiums. Jay Ralph, a board member of Allianz in charge of the North American insurance market, spoke with reporters concerning the issue, noting that the excess capacity of the insurance industry is enough to weather the storm without any major changes in policies. However, insurers should…
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