Daily Insurance Report

Thursday,  03/04//21

Walt Podgurski



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Press Releases

16 Employee Perks To Attract And Retain Top Virtual Talent
Expert Panel, Forbes Councils Member / Forbes / / Read Article

As the Covid-19 pandemic continues, employee benefits are starting to look quite different than they did just a year ago. Conversations around attracting and retaining top talent used revolve around free lunches, pingpong tables and casual Fridays.

Now, with so many companies remaining virtual for the foreseeable future, employers need to come up with creative solutions to attract and hold onto talent for future growth.

To help, 16 Forbes Coaches Council members weighed in on the perks and benefits employers should offer in today’s virtual workplace to retain their top talent.

1. A Coaching Culture
2. A Sense Of Belonging
3. Strong Work-Life Benefits
4. Extended Remote Work Opportunities
5. Professional Growth Opportunities
6. Genuine Autonomy And Unlimited Time Off
7. Support For Their Family’s Well-Being
8. Flexible Work Hours
9. Child Care Options
10. Perks That Make Employees Feel Appreciated
11. Transparent Communication And Alignment With Purpose
12. Employee Training Sessions
13. Human Compassion
14. Acceptance Of Employees’ Individuality
15. Virtual Parties
16. Mental And Physical Well-Being

Lionrock is the only telehealth provider that works directly with employers, as well as their benefit brokers, to offer the robust level of care specifically required to effectively treat SUDs, formerly known as addiction. By pairing their other telehealth benefits with Lionrock’s programs, employers can now address their employees’ substance use disorders, a serious mental health issue impacting every industry across the country.

Lionrock pairs secure video conference-based treatment services with flexible schedules that fit busy people’s lives. This allows clients to meet their work and home responsibilities while getting the help they need from the privacy of home. It also costs a fraction of expensive inpatient treatment, making it a more practical option for many people.


Shares of Oscar Health dip in NYSE market debut, begins trading at $36 per share
Jessica Bursztynsky / CNBC / / Read Article

Shares of Oscar Health dipped 8% in its initial public offering Wednesday on the New York Stock Exchange.

The stock began trading at $36 per share. Oscar had priced its shares at $39 apiece, above its target range of $36 to $38. At $36 per share, it has a roughly $7.1 billion market cap.

Oscar uses a mix of technology, provider partnerships and member experience to try to make health insurance pricing clearer for patients, while giving doctors more flexible payment models.

The company said in its filing to go public that it has 529,000 members across 18 states. It competes against health giants such as UnitedHealth and CVS Health’s Aetna, but previously told CNBC it believes it can succeed through its focus on customer service and technology.

Financial Wellness is Critical in Post-Pandemic Workplace
by John Sullivan / 401K specialist / / Read Article

Granted, they have a dog in the hunt, but new research from Ramsey Solutions’ SmartDollar finds that adding financial wellness to employee benefits packages reduces stress, boosts morale and productivity, and helps attract and retain top talent.

More than 1,000 employee benefits decision-makers at companies of all sizes across the United States participated in the survey. The study’s objective was to understand the benefits landscape, the financial wellness market, the barriers to and impact of financial wellness, and the perceived financial health of their employees.

“We knew, even before the pandemic, that 78% of workers were living paycheck-to-paycheck,” Brian Hamilton, Senior Vice President of SmartDollar, said in a statement. “Those money problems follow people to work, leading to more problems. The survey results show just how uniquely positioned employers are to help. If done correctly, there is no doubt financial wellness is good for employees and great for the bottom line.”

Fewer than 1 in 5 Employers Offer Childcare Help

Arvorie provides a suite of benefits that enable employers of any size to sponsor childcare for all working parents in a tax-efficient way.

Arvorie’s proprietary childcare payment platform, enables employers to save up to 70% on their childcare contributions by accessing federal and state tax credits.
Register For a Complimentary online briefing to learn how Arvorie can leverage its platform to save employers and their employees money on their childcare spend .
THURSDAY, MARCH 10, 2021, 2:00 P.M. EST
Click Here To Register

Top Companies for Employee Engagement and Development

Zoom Video Communications Inc . ranks highest for employee engagement and development among companies in the Management Top 250.

The annual Management Top 250 ranking, developed by the Drucker Institute, measures corporate effectiveness by examining performance in five categories: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength.

Zoom is ranked No. 189 overall. Salesforce.com Inc . , ranked No. 21 overall, has the second-highest score among the Management Top 250 for employee engagement and development, and third in the category is Facebook Inc . , which tied with Nvidia Corp . for No. 12 overall. Nvidia is fourth in the employee category. Facebook also made the top 10 for innovation and for financial strength.

7 key trends shaping 2021, according to Accenture
Paid Post For Accenture / CNBC


Flimp Launches WorkforceTXT® Employee-Texting Solution for HR and Benefits Communications
HIPAA-compliant texting platform helps HR teams drive higher employee-engagement rates
PRNewswire / / Read Article

Flimp Communications, a leading provider of employee educational content and engagement tools, today announced the availability of its WorkforceTXT® texting platform for workforce and employee benefits communications. With more employees working remotely due to COVID-19, HR teams and benefits managers are embracing workforce texting as a must-have digital communication method to complement or replace traditional email. According to Gartner, text open rates are as high as 98% compared to regular email open rates at 20%. WorkforceTXT can be implemented in minutes either as a licensed account or managed communication campaign service.

The WorkforceTXT platform compliments Flimp's content-communications solutions, HR benefits video library, and benefits decision-support tools by improving communications delivery and engagement rates. Whether educating remote employees about benefits offerings, new-hire onboarding, rules and regulations, updated policies or COVID-19 safety protocols, texting is the most effective way to ensure that your communications and content are delivered and acted upon.

Hub International Acquires the Assets of Texas-based Wellspring Insurance Agency, Inc.
PRNewswire / / Read Article

Hub International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired the assets of Wellspring Insurance Agency, Inc. (Wellspring Insurance Agency). Terms of the transaction were not disclosed.

Located in Argyle, Texas, Wellspring Insurance Agency is an independent employee benefits firm that provides tailored benefit solutions through thoughtful strategic planning and technology-based solutions. Rodney Dryden, President of Wellspring Insurance Agency, will join Hub Texas and report to Martin Yung, President and CEO of the region.

Policygenius Welcomes Maya Gumennik as Head of Marketing
PRNewswire / / Read Article

Financial services leader Policygenius announced today the hiring of Maya Gumennik as the company's Head of Marketing. Gumennik will oversee the company's marketing strategy and manage the marketing team, with the goal of continuing to strengthen Policygenius' brand presence in the financial services industry.

Gumennik brings nearly a decade of marketing experience to Policygenius. Most recently, Gumennik was Senior Vice President of Performance Marketing at online insurance marketplace EverQuote, where she led growth teams across the company's auto, home, life, and health insurance verticals. Prior to that, Gumennik spent eight years at Tripadvisor, where she held various marketing positions, most recently serving as the Head of Marketing for the eight SmarterTravel Media consumer brands. In this role, Gumennik ran the in-house marketing department across marketing channels, from PR to a one-billion-keyword search engine marketing program.

Insurtech Leader FastTrack Bolsters Business Development Team to Meet Market Demand
PRNewswire / / Read Article

As part of their core mission to be the leading provider of Digital Automation Solutions & Services for the Life and Disability Insurance Vertical, FastTrack is excited to introduce career claims professional, Chuck Angiolillo, as their new Director of Business Development.

A risk management veteran in the insurance claims industry for over 19 years, Chuck has held many prominent positions at influential brands including, most recently, serving as Client Relations Director at Ethos Risk Services. Chuck brings his unmatched claims experience to a talented FastTrack team already deep with Life & Disability vertical proficiencies.

Photo Of The Day

Monday, 03/01/21 - - At Last, Democrats Get Chance to Engineer Obamacare 2.0

Tuesday, 03/02/21 - - Limiting Private Insurance Reimbursement to Medicare Rates Would Reduce Health Spending by About $350 Billion in 2021

Wednesday, 03-03-21 - - Annual workforce report reveals what insurance professionals want in 2021: flexibility, more time with clients and innovation

Thursday, 02-25-21 - -  Top 5 Common Conditions Driving Employer Healthcare Spending

Friday, 02-26-21 - - EverythingBenefits Releases Annual Top 20 Carriers List
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Editorial Mission Statement: The goal of this publication is to provide readers a broad selection of what is being written about the insurance industry and related issues. Some articles may have a “tilt” towards a particular perspective one way or another. Inclusion in this newsletter is not an endorsement of any views or content; but report the various and differing views appearing in media.