Insurers still reluctant to improve salaries

Article Abstract:

Salaries in the insurance industry are expected to mirror the general trend in industry as a whole in 1995. In other words, there will be no huge increases, for exempt or non-exempt employees, or for management. A forecast from consulting firm Towers Perrin calls for increased use of variable compensation schemes and lump-sum payments. Variable schemes tie compensation and incentives to personal and group performance; lump-sum payments are used because they do not raise a company's fixed payroll costs. However, in the insurance industry as elsewhere, employees that have special skills pertinent to current business trends will likely receive higher-than-average raises.

Compensation and benefits, Wages, Wages and salaries

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Does tort reform make sense?

Article Abstract:

Tort reform, though a hot issue politically in the US in 1995, may not have the same benefits for the insurance industry now as it would have had if achieved in 1986, according to Charles Ruoff of Sedgwick James Inc. Ruoff believes that the Republican Party's tort reform program is not as necessary as it was when product liability insurance was experiencing an availability crisis in the 1970s or when commercial liability insurance reached crisis level in the mid-1980s. The House passed tort reform legislation in Mar 1995, but passage in the Senate will not be so easy, predict industry experts.

Other Justice, Public Order, and Safety Activities, Civil Law NEC, Officials and employees, Economic aspects, Political activity, Cover Story, Beliefs, opinions and attitudes, Tort reform, Republican Party (United States), Property and casualty insurance industry, Civil law, Ruoff, Charles, Sedgwick James Inc.

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Insurers get rewards out of helping parents

Article Abstract:

Several insurance companies offer a variety of benefits designed to help employees who are parents. CIGNA Corp, for example, offers new mothers an additional 18 weeks of leave, beyond the requirements of the Family and Medical Leave Act of 1993, with some salary. Sixty percent of Aetna Life and Casualty Co's workers work flexible hours, and 13% work part-time, telecommute or share jobs. St. Paul Companies Inc offers employees assistance with child care and education.

Human resource management, Services, Working parents

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