Mich. governor calls for patience with public-safety plan | Gun-disclosure penalties get tougher in Chicago | Poll finds more employers are looking to lump-sum offers
February 19, 2013
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Risk, Insurance, Claims & Safety
Recent storms prompt greater insurance demand, Aon exec says
This month's blizzard and the impact of Hurricane Sandy have led businesses in the Northeast to examine whether their insurance coverage is adequate, says Al Tobin of Aon. Windstorm exposure could push insurance-rate increases slightly past the 2012 average increase of 3%, Tobin said. Nightly Business Report (2/12)
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Mich. governor calls for patience with public-safety plan
Michigan Gov. Rick Snyder has advised the city of Flint to give his public-safety plan time to kick in after preliminary FBI data indicated that the city was the most violent in the U.S. last year. Snyder's plan has added state troopers, and a state-funded city lockup is in operation. Snyder also proposed that $15 million go toward expanding the Michigan State Police by 107 troopers. The Flint Journal (Mich.) (2/8)
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Gun-disclosure penalties get tougher in Chicago
Chicago has stiffened the penalty for gun owners who don't report the sale, loss or theft of firearms they own. The ordinance, proposed by Mayor Rahm Emanuel, changes the maximum sentence from three months in jail to six months. The move aims to reduce "straw purchasers." Journal Gazette/Times-Courier (Mattoon, Ill.) (2/13)
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Workplace & Retirement
Poll finds more employers are looking to lump-sum offers
More employers with pension plans are likely to offer workers a chance to leave behind their monthly benefits and instead take a lump sum of cash, an Aon Hewitt poll indicates. The poll found 25% of companies said they're "somewhat likely" to offer the lump-sum option in the future, and 14% said they are "very likely" to do so. Business Insurance (tiered subscription model) (2/13)
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Opposing views on tying wellness incentives to premiums
Wellness incentives that are linked to employee health insurance premiums are a good idea and can get employees to do simple, short-term tasks such as having a health risk assessment, writes Dr. Michael O'Donnell, director of the Health Management Research Center at the University of Michigan. But Lydia Mitts, a health policy analyst at Families USA, counters that evidence does not show that charging some workers higher premiums leads to behavioral changes and that such policies can penalize people who are least able to afford insurance. The Wall Street Journal (tiered subscription model) (2/18)
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Other News
Poll Question
Miss. university estimates tornado damage
Damage from a tornado that hit the University of Southern Mississippi requires repairs that could cost tens of millions of dollars, school officials say. The school has a $500 million insurance policy with a $100,000 deductible. The Hattiesburg American (Miss.)/The Associated Press (2/13)
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Sandusky case's cost: $27.6 million and rising
Pennsylvania State University has spent more than $27.6 million on the sex-abuse case involving former assistant football coach Jerry Sandusky, officials say. Further costs are expected as the university negotiates settlements in civil lawsuits. The Patriot-News (Harrisburg, Pa.) (2/16)
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Leadership & Management
What George Washington can teach leaders
George Washington led his troops to victory against the British redcoats at Trenton, N.J., in 1777 in part by adopting a more democratic approach to leadership, Signe Spencer writes. Rather than simply issuing commands and expecting obedience, Washington sought the advice of subordinates and thereby hatched a battle plan that was more innovative and effective than anything a single general could have devised alone, Spencer writes. Great Leadership (2/17)
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News From Aon
2013 Risk Maturity Index Report
Researchers at Aon and the Wharton School at the University of Pennsylvania conducted analysis of data collected by the Aon Risk Maturity Index surveys over the past year. They came away with several insights on the effect of an organization's risk maturity on the financial well-being of an organization. Read more.
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2013 Hot Topics in Retirement
Aon Hewitt has issued a couple of reports taking a look at the latest topics of interest in retirement. Access the reports and their analysis of how changes in legislation and technology are changing the landscape of retirement benefits.
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You will become as small as your controlling desire; as great as your dominant aspiration."
-- James Allen,
British author
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