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.
Yum, which also owns fast-food giants Pizza Hut and KFC, said Greg Creed, who has played a pivotal role in turning-around Taco Bell in recent years, will become CEO of Yum next year. The current CEO, David Novak, 61, will become executive chairman. The moves take effect Jan. 1.