Content about Insurance

May 1, 2014

Since its passage in 2010, the Affordable Care Act (ACA) has been the subject of intense political debate and a source of anxiety for many retailers. While most of the attention has focused on the law’s health benefit requirements, there is little doubt that the ACA will also influence workers’ compensation costs, which are often the second highest expense for retailers after payroll. By taking steps now to understand and manage how the ACA will likely affect costs, payroll, and claims filings, retailers can lessen any potential negative impacts.

April 30, 2014

Walmart is adding car insurance to its lineup of consumer services.

Bentonville, Ark. – Walmart is adding car insurance to its lineup of consumer services. The retailer said it is partnering with AutoInsurance.com, which helps customers comparison shop for auto insurance,  to provide customers with "a one stop shop" for their auto insurance needs.

The site allows consumers to look at prices at several insurance companies, including Progressive and Esurance (owned by Allstate), and contrast them with their current insurance.

April 21, 2014

CVS/pharmacy is launching a new service called Bill Pay at CVS/pharmacy in spring 2014 to help customers manage their monthly health insurance premiums.

Woonsocket, R.I. - CVS/pharmacy is launching a new service called Bill Pay at CVS/pharmacy in spring 2014 to help customers manage their monthly health insurance premiums. Members of participating health plans can bring their insurance bills to any CVS/pharmacy store in the U.S. to pay their premiums at no additional cost.

March 4, 2014

From mat management to the use of proper cleaning products, prevention is, of course, key to slip and fall management in retail stores. But there are two additional key areas that should be addressed — management communication and accountability. Indeed, sharing information and holding department managers accountable for results can reap numerous benefits for a company.

January 22, 2014

Target Corp. is the latest major retailer to announce it will stop offering health insurance to its part-time employees.

Minneapolis – Target Corp. is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1, 2014.

September 3, 2013

The Kroger Co. will stop providing health insurance benefits for spouses on January 1, 2014, according to a recent agreement with several unions, Indiana Public Media reported.

New York -- The Kroger Co. will stop providing health insurance benefits for spouses on January 1, 2014, according to a recent agreement with several unions, Indiana Public Media reported.

May 22, 2013

General economic conditions and federal, state and/or local regulations rank as the top two risks facing the retail industry, according to a new report by BDO USA.

Chicago -- General economic conditions and federal, state and/or local regulations rank as the top two risks facing the retail industry, according to a new report by BDO USA. The report, an analysis of the risk factors listed in the most recent 10-K filings of the largest 100 public U.S. retailers, found that federal, state and local regulations have increased as a risk among the nation’s largest retailers.

March 15, 2013

Slip-and-fall accidents in public places, including retail stores, are the leading cause of premise liability injuries and rank among facilities managers' top management issues. And with the elderly particularly vulnerable to falls, the size and scope of the problem is likely to grow in the near future given the aging of the baby boomers.

March 15, 2013

Retail companies should expect this year and 2014 to be a wild roller coaster ride of health insurance changes for retailers. That assessment came from Neil Trautwein, VP, employee benefits, National Retail Federation, who said that retailers need to take prudent actions to comply with the requirements of the Affordable Care Act (ACA).

October 25, 2012

By Donald Landin

If you’ve ever slipped and fallen on a wet surface, you’re not alone. Each year, poorly maintained floors are responsible for more than 2 million customer and employee fall injuries, according to the Consumer Product Safety Commission. The result: billions of dollars in medical, insurance and litigation costs for businesses.

May 23, 2012

Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

Indianapolis -- Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

Throgmartin, who died Jan. 22 at age 57, served as chairman and CEO of Hhgregg from 2003 to 2009 and led it through a 2007 initial public offering of stock. Hhgregg said Wednesday it collected the proceeds from a "key man" life insurance policy.

February 22, 2012

Slip-and-fall lawsuits are expected to increase dramatically during the next few years as the U.S. baby-boomer population continues to age, according to a study by commercial insurer and property and casualty company CNA.

December 22, 2011

By Rich Arlington

Record snowfall last season spelled trouble for many roofs and parking garage decks. The continuous storms that dumped more than 2 ft. of snow in New England alone had facility owners frantically addressing weight load issues as heavy snow and ice threatened, and in some cases caused, roof and deck top collapses. The fallout: a rise in lawsuits as owners, insurance companies and snow contractors battle over snow and ice procedures followed, or not, in comparison with written contracts.

December 5, 2011

By Selena Linde and Michael Sharkey, Perkins Coie LLP

November 18, 2011

With the start of the 2011 holiday shopping season approaching, retailers need to ensure they have plans in place to address the increased risk of a flash mob event, according to Marsh, a leading insurance broker and risk advisor.

New York City -- With the start of the 2011 holiday shopping season approaching, retailers need to ensure they have plans in place to address the increased risk of a flash mob event, according to Marsh, a leading insurance broker and risk advisor.

September 9, 2011

By Robert Machson, general counsel, Total Occupancy Solutions

August 22, 2011

While retailers continue to beef up computer security, hackers continue to find ways to circumvent even the most sophisticated cyber-blockades. And the threat is not only hackers or rogue employees maliciously liberating private information: Data breaches occur when sensitive information is improperly disposed of and tossed in the trash or lost when a laptop or other portable electronic device is mislaid by or stolen from a well-meaning employee. This not only impacts your customers but can damage a company’s reputation and bottom line.


August 10, 2011

Walgreens plans to start selling health insurance to customers this fall, according to CNN Money.

New York City -- Walgreens plans to start selling health insurance to customers this fall, according to CNN Money.

The drugstore chain will sell health insurance products with different price ranges and coverage levels through a private health insurance exchange, the report said.

To read the full story, go to money.cnn.com/2011/08/09/news/companies/walgreens_health_insurance/

July 27, 2011

Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Camp Hill, Pa. -- Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Massachusetts Attorney General Martha Coakley said Wednesday that Rite Aid has overcharged state agencies and at least 100 cities and towns to fill prescriptions for people receiving workers' compensation since 2002.

May 26, 2011

Indianapolis-based Simon Property Group and Toronto-based Calloway Real Estate Investment Trust announced they will develop the first Premium Outlet Center in Canada.

Toronto, Ontario  — Indianapolis-based Simon Property Group and Toronto-based Calloway Real Estate Investment Trust announced they will develop the first Premium Outlet Center in Canada. 

The center will be located in the Town of Halton Hills, Ontario, just 15 minutes outside of Toronto. Construction is slated to start in spring 2012. 

February 14, 2011

For the fifth consecutive year, Faith Hope Consolo, chairman of Prudential Douglas Elliman's Retail Group, along with longtime partner Joseph Aquino, executive VP, was awarded Prudential Real Estate Affiliates' "Top Retail and Commercial Agent -- Highest GCI" for her group's tremendous deal volume in 2010.

New York City -- For the fifth consecutive year, Faith Hope Consolo, chairman of Prudential Douglas Elliman's Retail Group, along with longtime partner Joseph Aquino, executive VP, was awarded Prudential Real Estate Affiliates' "Top Retail and Commercial Agent -- Highest GCI" for her group's tremendous deal volume in 2010. The two joined the firm in 2005.

Additionally, they have been inducted into the Chairman's Circle, and honored with the coveted Diamond Award, given to the top 1% of sales professionals in the Prudential global network.

August 31, 2010

Lack of visibility across departments drove The Stop & Shop Supermarket Co. to take...

July 31, 2010

The federal agencies with principle jurisdiction over the new healthcare law as it affects employers—the...

May 31, 2010

Premiums represent a top-of-mind cost for every employer with regard to the new healthcare...

March 2, 2010

Centro Properties Group announced that John Priede has joined the company to serve as VP...