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.
Retail giants Safeway and Albertsons have agreed to merge. In a conference call March 6, Safewayâs president and chief executive officer, Robert Edwards, announced that AB Acquisitions, the parent company of Boise, Idaho-based Albertsonâs LLC, will buy all outstanding shares of Pleasanton, Calif.-based Safeway.