Employers can give their employees a set amount of money and then direct them to a private exchange. There, they can shop for a health plan and other benefits, like dental, based on what the employer has selected as options.
Safeco sale 'bittersweet,' says CEO Reynolds. By DAN RICHMAN, P-I REPORTER. Selling Safeco Corp. was a bittersweet moment, Chief Executive Paula Reynolds said Wednesday, after the announcement that Boston's Liberty Mutual Group will buy the 85-year-old homegrown insurer for $6.2 billion in cash.
Mechanics Bank said Wednesday that President and CEO Steve Buster is leaving the bank at year-end to join a healthcare startup. As the Richmond-based bank seeks his successor, Kirsten Weisser, executive vice president of wealth management, and Richard Stephenson, chief legal and risk officer as well as an executive vice president, will share the duties of the bank president.