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Nationwide, employee insurance premiums have increased 131% over the past decade, according to the Kaiser Family Foundation. And it's well documented that smoking and obesity are associated with higher medical costs. That helps explain why 34% of respondents in a new Aon survey of more than 1,300 employers said they plan to introduce or increase financial incentives to encourage participation in wellness programs and why 17% plan to do the same for disease-management programs...
Almost no U.S. companies trade directly with rogue states because federal law forbids commerce with countries found to be state sponsors of terrorism. In the past, foreign subsidiaries of General Electric, Halliburton, Aon and Foster Wheeler have all done so legally. But these companies were approached several years ago by folks like New York City pension authorities and agreed to terminate or eventually end their involvement...
...another choice: cyberinsurance. Demand for this emerging category of insurance, which will even cover a ransom payment, has jumped as more companies--and not just tech firms--depend on digital networks to do business. Written premiums topped $200 million in 2005, up from $100 million in 2003, according to Aon Financial Services Group managing director Kevin Kalinich, as corporations realize they have to guard against liability in addition to the hackers themselves...
...deals with several big insurers, suggesting that price fixing and kickbacks may be widespread in the industry. "When you corrupt a market as the insurance carriers and brokers have by permitting cartel-like behavior, prices go up," says Spitzer. He has issued dozens of subpoenas targeting companies like Aon, Willis Group Holdings and, as was disclosed last week, MetLife. Two executives at AIG and one from insurance company Ace, which were mentioned in the Marsh suit, pleaded guilty to charges last week. AIG CEO Maurice Greenberg promised to cooperate. But analysts aren't betting on a quick fix. "The conflicts...
...those looking to invest overseas, Russia is safer than ever. But Botswana is safer yet. At least that's the conclusion of AON, the global insurance-and-risk-management firm, which for the first time is offering its Global Credit and Political Risk map to the public, at aon.com/us/politicalrisk The 2-ft. by 3-ft. map assigns a color to each country that denotes its overall risk of economic downturn, political violence and government intervention in private business. The five levels of risk range from green (low risk) to orange (very high risk). AON considers, among other things...