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Most Companies Paying at Least 5 Percent More for Health Insurance Premiums in 2016; 1 in 4 Incurring Double-Digit Increases

A survey of more than 3,000 U.S. employers reports that 54 percent are paying at least 5 percent more for employee medical insurance this year, with nearly one in four suffering from increases of at least 10 percent. Yet a decisive 67 percent agree that medical and pharmacy benefits are the cornerstone of their employee benefits package, and therefore an important tool to recruit and retain talent in a tightening labor market.

Hurricane Earl upgraded to Category 1 Hurricane

Hurricane Earl has been ungraded to a Category 1 Hurricane and is moving closer to the coasts of Mexico and Belize. Rainfall up to 12” is expected with 4 to 6 feet storm surge on the coast of Belize and the Eastern Yucatan Peninsula. A hurricane warning is in effect for the coast of Belize and parts of Mexico and Honduras. The National Weather Service has also issued a flash flood watch for the Virgin Islands and Puerto Rico. Earl is the fifth North Atlantic Hurricane of 2016.