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.
Albert Wood, who is a director of security and BC, reports to a senior executive that works very closely with the CEO, and stated that, He [sponsor] regularly updates the CEO on BC issues we are facing, and the two of us meet with the CEO as needed to gain his support on critical decisions.