Featured News and Comprehensive Insurance Insights

'Arising Out Of': A Contract Danger Zone

Firms that take the time to review and attempt to negotiate their contracts know to strike the word “defense” if they want to avoid having to pay a client’s attorneys’ fees out of their own pocket. But if the words “arising out of” remain in an ...

2023 ACA Reporting Reference Guide

The Internal Revenue Service (IRS) recently released final 2023 forms and instructions for Affordable Care Act (ACA) reporting purposes. To help employers understand and meet their compliance requirements, we are pleased to announce the release of ...

2023 Cyber Liability: Building Cyber Resilience in a Complex World

This cybersecurity eBook recaps the state of the cyber in 2022, highlights some important developments, and looks ahead to 2023.

2024 Benefit Plan Limits

The following table is a reference tool for employers outlining 2024 health & welfare, retirement, commuter benefit, and adoption assistance plan maximum contribution limits[1] compared to the current 2023 amounts.

2024 Florida Property Insurance Market Outlook

As 2023 recedes into the past, we’re left to contemplate whether 2024 will be the year for an insurance market recovery in Florida. Much will, of course, depend on what the weather and this year’s storm season brings, but signs are positive and ...

3 Ways Ecommerce Is Affecting the Same Day and Home Delivery Industry

With the rise of the millennial e-commerce shopper, consumer interest in same day and home delivery is already high—and quickly rising. In a recent report on same day delivery, BI Intelligence researchers found that “Six in 10 US shoppers said they ...

3PL Over-the-Threshold Delivery: Risks and Insurance Insights

The booming e-commerce industry has shined a light for insurers in an industry previously flying under the radar: third-party logistics (3PL) companies doing over-the-threshold deliveries. While these services offer convenience for retailers and ...

5 Reasons Startups Need D&O Insurance

If you’re a startup founder, directors and officers (D&O) coverage may not be on your radar yet. Many entrepreneurs opt for “bare minimum” insurance to mitigate overhead costs. You likely want to invest your funds in building out your product or ...

6 Construction Bidding Tips For Ideal Surety Bond Terms

What is a surety bond? “A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to ...

A Comprehensive Guide to Flood Insurance: Essential Protection for Rising Flood Risks

Flooding is by far the most common, costly, and destructive natural disaster in the United States, causing billions in economic losses each year. According to the Federal Emergency Management Agency (FEMA), flooding causes 90% of disaster damage ...

ACA Pay-or-Play Penalties Released for 2025

On Feb. 12, 2024, the Internal Revenue Service (IRS) released Revenue Procedure 2024-14 with updated penalty amounts to the employer shared responsibility (pay-or-play) rules under the Affordable Care Act (ACA) for the 2025 calendar year.

Adapting to the Driver Shortage in the Trucking Industry

The trucking industry is in a state of transition. A persistent driver shortage, compounded by changing demographics, is forcing trucking companies to adapt. Learn about these labor dynamics and their ripple effects if you want to stay ahead of the ...

Aftermath of Hurricane Idalia

An understanding of Hurricane Idalia’s true financial impact is still months away, but we can provide some preliminary insights into the storm, and what we’re seeing regarding claims as well as provide some initial thoughts on how the insurance ...

AI in Last Mile: What it Takes for Technology to Reduce Risk

Editor's Note: This article originally appeared in the Winter issue of Customized Logistics & Delivery Magazine, a trade magazine published by the Customized Logistics and Delivery Association. Reprinted with permission. As the ever-expanding ...

AI Might Strengthen Your Cybersecurity Program

Artificial intelligence (AI) is rapidly transforming many industries. It’s already being used to improve cybersecurity and will likely have a major impact on cyber insurance coverage in the coming years.

Automatic Fire Sprinkler Systems: A Guide for Property Owners

An automatic fire sprinkler system is a vital component of fire protection for residential and commercial properties. They help control or extinguish fires and save lives, but misconceptions exist regarding their operation, installation, and ...

Automatic Sprinkler Protection: Risk vs. Reward?

Automatic sprinkler systems are designed to protect life and property, but how do they work? During this webinar, we reviewed the basic features of a sprinkler system including critical installation and maintenance requirements. In addition, we debunk some of those Hollywood myths about how sprinkler systems operate. Watch our recording to learn more!

Benefits Administration System Technology: Ensuring It’s the Right Fit

Technology in general is a retention tool — today’s workers are accustomed to and expect apps, adaptive technology, and electronic document sharing. That’s why implementing an employee and HR friendly benefits administration system pays off. If your ...

Biden Administration Executive Order on AI: Management Liability Insurance Considerations

The White House’s October 30, 2023 Executive Order (EO) – titled, “Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence”1 – made the Biden Administration’s goal clear: to “establish new standards and ...

Biden’s Gig Worker Labor Rule: Effects on Last-Mile Delivery Businesses

The Biden administration recently announced a plan to redefine gig workers as employees under federal law. This has many in the last-mile industry asking, “what does this mean for me?”.

Boston Construction Safety Ordinance Takes Effect on December 2, 2023

In 2021, the construction fatality rate in Boston was 2.5 times greater than the national average. To reduce the number of injuries and fatalities on Boston construction sites, Boston’s Mayor, Michelle Wu, on June 1, 2023, signed a new Construction ...

Building a Crisis Management Plan: Preparing for the Unexpected

A crisis can strike any business at any time. From a workplace accident to a natural disaster, a well-crafted crisis management plan can be the difference between weathering the storm and succumbing to circumstances.

Building a Human Firewall: Strengthening Your Cybersecurity Defenses

Creating a “human firewall” can significantly fortify your business against cyber threats.

Building a Human Firewall: Strengthening Your Cybersecurity Defenses

Cyber threats are escalating. Reports from IBM show that cyberattacks using stolen or compromised credentials surged by 71%, year-over-year in 2023, and 32% of cyber incidents involve data theft and leaks. This indicates a shift towards stealing and ...

Building a Resilient Future: Insurance and Climate Science Collaboration

With storm frequency and severity on the rise, the insurance industry is seeking research-backed risk mitigation solutions. To address extreme weather events, insurance experts are forging alliances with climate researchers to explore new ways to ...

Building Psychology of Safety in Your Team

Safety in the workplace isn’t simply about following rules; it’s a mindset for every action and decision. A safety-conscious perspective will prevent accidents and foster wellbeing in a work environment. Let’s unravel how safety psychology benefits ...

Business Interruption Insurance Essentials

Events outside your control can bring your business to a screeching halt. After one of your best quarters, a wildfire could engulf your warehouse in flames. A hurricane could destroy your hotel’s roof, forcing you to shut down for weeks and costing ...

Business Interruption Insurance Part 1

Watch the recorded Part 1 of our Business Interruption series where we covered what it is, how it's calculated, and the importance of having insurance for it. Get answers to your basic questions. Don't miss this opportunity to gain valuable knowledge.

Business Interruption Insurance Part 2

Watch our past webinar where we discussed crucial topics like payroll coverage extension, contingent business interruption, and more. Our experts provided valuable insights to help you understand these extensions and their importance in managing financial risks. Watch the recording to learn more.

Cal OSHA to Enforce New Workplace Violence Prevention Plan Law

On September 30, 2023, Governor Gavin Newsom signed SB 553. Taking effect on July 1, 2024, SB 553 arose from a tragic 2021 workplace violence incident and will become the new Workplace Violence Prevention Plan standard. The new standard will be ...

California Expands Leave Benefits in 2025

Summary: California Governor Gavin Newsom signed legislation in September 2024 expanding paid family leave and other leave benefits for employees working in California, starting on January 1, 2025, including: Expanded paid family leave, Expanded ...

California Expands Paid Sick Leave in 2024

Summary: On October 4, 2023, California Governor Gavin Newson signed into law a bill expanding California’s paid sick leave law (CA PSL), effective January 1, 2024. Employers will be required to provide California employees with 40 hours, or five ...

California Workplace Violence Prevention Plan

On September 30, 2023, Governor Gavin Newsom signed SB 553. Taking effect on July 1, 2024, SB 553 arose from a tragic 2021 workplace violence incident and will become the new Workplace Violence Prevention Plan standard. The new standard will be enforced by Cal/OSHA and will require California employers to have a Workplace Violence Prevention Plan to create a safer work environment for workers and patrons. In this webinar we reviewed the requirements and help you prepare for this change. Important note: There are steps you need to complete prior to July 1, 2024. Watch the recording now.

California’s Proposed Insurance Reforms for 2024

In August 2023, we wrote about insurer capacity shrinking due to mounting losses from climate change-related disasters. In California, major carriers such as State Farm, Allstate, and Farmers, have stopped writing new property policies or ...

Cannabis Products: Transportation Insurance Challenges

As the country slowly embraces the legalization of cannabis, new business opportunities emerge. Cannabis transportation, for example, has grown tremendously in recent years — especially in the last-mile sector. The number of states allowing ...

Captives for Last-Mile Delivery Companies: Pros and Cons

Last-mile is facing its twelfth straight year of rising auto liability premiums, driven by consistent losses in the transportation sector. As last-mile businesses hunt for cost-saving measures, captives have become a popular alternative option for ...

Cargo Theft Prevention: 8 Tips

Your cargo plays a pivotal role in connecting businesses and customers. However, it's a target for theft, especially around the holidays. Robberies lead to significant financial losses, put drivers at risk, and disrupt supply chains. These eight ...

Change Healthcare Cyber Attack: Cybersecurity Lessons Learned

Change Healthcare's recent cyber attack sparked a crucial discussion on cybersecurity, business continuity, and contingent liability insurance within the healthcare sector. Cyber attacks in healthcare have been increasing in severity, with ...

Claims-Made vs. Occurrence: Which Dental Malpractice Insurance is Right for You?

It’s easy for dental professionals to feel overwhelmed by the jargon and conflicting advice surrounding dental malpractice insurance. In particular, there’s confusion and misinformation regarding the terms “claims-made” and “occurrence.” Which ...

Combating Surging Ransomware Attacks: Strategies for Universities and Colleges

Universities and colleges are increasingly under siege by ransomware. In 2023 alone, ransomware attacks on higher education institutions surged by 70%, with 66% of universities falling victim to these cyber assaults.

Commercial Property Insurance: The Danger of Old Valuations

If you haven’t updated the replacement cost values in your commercial property insurance policies, you risk jeopardizing your bottom line if a claim occurs. Here’s why: some policies contain provisions that reduce your claim payout if you have an ...

Compliance Reminder: CMS Medicare Part D Reporting Due February 29, 2024

Employers sponsoring group health plans that provide prescription drug coverage to individuals eligible for Medicare Part D coverage[1] must annually disclose to the Centers for Medicare and Medicaid Services (CMS) whether that coverage is ...

Congress Seeks Input Upon ERISA’s 50th Anniversary

This year marks the 50th anniversary of the Employee Retirement Income Security Act (ERISA), which was enacted in 1974 and governs employer-sponsored benefits, including group health plans.[1]

Connecticut Expands Paid Sick Leave Starting in 2025

Summary: Connecticut Governor Ned Lamont recently signed amendment legislation (H.B. 5005) expanding the availability and requirements of the state’s paid sick leave law (CT PSL). These changes begin to take effect on January 1, 2025. Read on for ...

Construction Site Safety

Watch our Construction Site Safety webinar. Construction sites are full of safety hazards and have many moving parts to manage at the same time. Safety needs to play a starring role during any construction activities and at all times. During this webinar, we discussed the top safety concerns and how we keep everyone, and the property, safe for the duration of the project.

Contractor Management Webinar

Watch our webinar on managing the risks and considerations when contractors undertake work in commercial buildings. We explored crucial safety and compliance factors, the significance of certificate of insurance tracking, and invaluable insights into protecting your property and occupants during construction and renovation projects.

Courier Business Insurance: Real Life Courier Claims You Can Avoid

There are important lessons that can learned from real-life courier losses and courier business insurance. Here’s three examples of common claims and outcomes to help courier and same-day delivery owners avoid potential “potholes”, and develop ...

Court Vacates Copay Accumulator Program Rule

Summary: On September 29, 2023, the U.S. District Court for the District of Columbia vacated an HHS[1] administrative rule from 2021, which generally permitted copay accumulator programs under group health plans. Copay accumulator programs allow ...

Creating Defensible Space around High-Value Homes in Wildfire Zones

Imagine this: You're the proud owner of a stunning high-value home nestled in the picturesque hills of a wildfire-prone region. The panoramic views from your windows are breathtaking. However, despite the beauty, a hidden danger lurks just beyond ...

Crisis Management Webinar

Watch our Crisis Management webinar. Learn effective pre-planning is a crucial element in any organization's Risk Management program. Whether it's conducting a Job Hazard Analysis or formulating an Emergency Action Plan, organizations invest a substantial amount of time and resources in addressing potential hazards and establishing protocols for emergencies. Surprisingly, what often gets overlooked are the actions to be taken in the aftermath of a crisis.

Cyber - Private Equity's New Priority

Private equity firms need to consider the cybersecurity of their firm and their portfolio as a top priority.

Cyber Hygiene: Checklist

Before underwriting or renewing cyber coverage, insurers are taking a deep look at each organization’s cyber practices. To qualify for coverage — and particularly, if you want the best rates and terms — you need the following resources and procedures in place.

Cyber Resilience Lessons from the CrowdStrike Outage

Editor's Note: This article originally appeared in Carrier Management. Reprinted with permission, this piece contains helpful tips for all organizations that rely on third-party software and firmware updates in their day-to-day operations.

Cybersecurity in Hospitality: Protecting Business in a Digital World Webinar

Watch the recording of "Cybersecurity in Hospitality: Protecting Your Business in a Digital World." This session provides vital strategies for mitigating cyber threats, safeguarding sensitive customer data, and ensuring compliance with industry regulations. Enhance your cybersecurity knowledge and strengthen your business's defenses in an increasingly digital environment. Watch the recording here.

Cybersecurity Risks in Hospitality

For many hospitality businesses, tech isn’t a strength and cybercriminals know it. While you’re busy creating great customer experiences, bad actors are looking for entry points to nab credit card data and gain access to your financial accounts. ...

Do You Know How to Spot a BEC Phishing Attack?

0nly dumb people fall for email phishing attacks, right? 0f course, everyone thinks they’re immune. 0nly a tech neophyte would fail to pick up on a sketchy note – especially from a familiar source.

Does Your A&E Firm See a Potential Insurance Claim?

A myth exists that architectural and engineering (A&E) firms should not report seemingly minor issues to their insurers. Firms may fear that if they over-report, their professional liability insurance premiums will increase. Firms may be ...

DOJ’s Corporate Whistleblower Awards Pilot: Compliance & Risk Impact

In August 2024, the U.S. Department of Justice (DOJ) launched its Corporate Whistleblower Awards Pilot Program to enhance corporate accountability. This program represents a shift from traditional securities law enforcement by the Securities and ...

DOL Confirms Cybersecurity Guidance Applies to Health and Welfare Plans

The Employee Benefits Security Administration (EBSA), part of the Department of Labor (DOL), recently published compliance assistance guidance confirming that its cybersecurity guidance from April 2021 applies to all ERISA plans, including health ...

DOL ERISA Plan Penalties Increase for 2024

The Department of Labor (DOL) recently released the updated civil monetary penalties applicable to various employee benefits-related violations under ERISA for the 2024 calendar year, captured in the reference chart below.

Don’t Take the Bait: How to Protect Against Phishing Scams

When it comes to cyberattacks, companies of all sizes are only as strong as their weakest link. All it takes is one employee to mistakenly click on a link, and instantly a hacker can gain access to the firm’s network and all they hold dear.

Drone Insurance: Essential Coverage for the Entertainment Industry

From feature films to advertising, drone technology has opened new creative possibilities, while also reducing risk, liability, and expense.

E-Bikes/Scooters and Lithium Ion Batteries

The use of lithium ion batteries has skyrocketed with electrical vehicles and toys. With this increased use, has come an increase in fires and deaths. Understand the hazards associated with these batteries and steps you can take to reduce and mitigate your risk. Watch the recorded webinar now!

Effective Human Capital Management is a Transformative Undertaking

Human Capital Management (HCM) is the strategic effort to manage the entire employee life cycle and core HR functions. When successful, HCM efforts result in high return on capital investments or to put it simply, engaged and committed staff who ...

Electrifying Last Mile Delivery

The rise of electric vehicles (EVs) is reshaping the transportation industry, presenting opportunities and challenges for last mile delivery businesses. Recent incidents, like the New York e-bike shop fire, raise concerns about lithium-ion battery ...

Embracing AI in Talent Acquisition in 2024

As we usher in 2024, the discussion about Generative Artificial Intelligence (AI) within the Talent Acquisition space is just beginning. A key element of any Talent Acquisition (TA) roadmap for 2024 will be the ability to embrace change. As talent ...

Employee Benefit Considerations In Light of the DOL Independent Contractor Final Rule

Now that the Department of Labor (DOL) released the final independent contractor rule on January 9, 2024, this is a good opportunity to remind employers of the intersection of independent contractors and health & welfare benefits, and the ...

Employee Benefits: When Cost Mitigation Turns into Barriers to Care Access

If your organization needs to find significant savings or cost mitigation opportunities within your employee benefits program, and more specifically your health plan costs, reducing benefit coverage and/or increasing employee cost-share may be ...

Environmental Risks of Electric Vehicles

As the world moves to cleaner energy alternatives such as electric vehicles (EV’s), a not so obvious question lurks: do electric vehicles come with environmental risks? Of course. There are no free lunches, after all. In this article we’ll take a ...

ESOPs: The Importance of Risk Management and Insurance Planning

Employee stock ownership plans (ESOPs) are increasingly popular, especially for smaller to mid-sized companies. These innovative plans have been around for decades, with high-profile examples like Avis in the 80s and United Airlines in the 90s. But ...

EV Charging Stations: Risk Management and Insurance Planning

Before installing an electric vehicle (EV) charging station on your commercial property, carefully research the risks and insurance implications. The risks vary, depending on your location and whether you buy the equipment, lease it, or outsource to ...

Examining ASD Care Challenges: Stuart Piltch's Perspective

In a recent LinkedIn post, I shared how my family has been fortunate to be welcomed by a community of professionals and families that share a devotion and commitment to optimizing the lives of autistic children and adults, like my son. However, our ...

Family Benefits Top the Hierarchy of Employee Needs

Family tops the hierarchy of needs for many employees. Whether or not an employer helps an employee meet the needs of their family can be a major determining factor in the length of their employment.

Final Rules Released For Fixed Indemnity Plans & Short-Term, Limited-Duration Insurance

On March 28, 2024, the Department of Health and Human Services (HHS), together with the Department of Labor (DOL) and the Department of the Treasury (collectively, the “federal agencies”), released the Short-Term, Limited-Duration Insurance and ...

Fire Safety: Handling Lithium-Ion Batteries in E-Bikes, E-Scooters, and Tools

Imagine this: While pulling into your garage, you accidentally run over the battery for your son’s electric scooter. Aside from a seemingly superficial crack, the battery doesn’t appear to be damaged, so you place it back in the charger. What you ...

Five Employee Benefits Cost Mitigation Strategies to Explore Now

Needing to explore cost mitigation can be stressful when trying to achieve the right balance between the costs of benefits against employee expectations and talent acquisition needs. Including the perspectives of both your CHRO and CFO is especially ...

Fleet Safety Management

If you have a fleet and drivers, you are more than likely subject to DOT/FMCSA regulations. The transportation industry can be very challenging in keeping up with the current and new rulings with respect to regulations and processes. Companies can find themselves getting lost in it all either by choice or by simply having a breakdown in their Safety Management Process. If this happens, then potential fines and increased administrative costs can drag the business down and negatively impact a business’s reputation. There is even a threat of the business being completely shut down. Explore the significance of a robust safety process and how its breakdown can adversely affect your company's operations. Don't let regulatory challenges steer your business off course!

Foundational Issues Facing the Pharmacy Benefit Manager (PBM) Industry

Pharmacy Benefit Managers (PBMs) have long been portrayed in a negative light, often being called “a middleman who increases costs, has little regard for patients, and brings no value.” Recent articles in The New York Times and The Wall Street ...

Fractional Aircraft Owners and Private Jet Club Member Insurance Tips

Imagine this: As a member of an exclusive private jet membership program with a fractional aircraft ownership stake, you appreciate the flexible access this affords you to luxury air travel and a large fleet of private jets around the globe. As with ...

Freight Broker Bond Market: Hard and Uncertain Times

The freight broker bond market recently experienced a significant hardening. Rising premiums and limited capacity, with fewer insurers willing to participate, are contributing to a more challenging environment for brokers and businesses. ...

Gene Therapy and Large Claims Impact on Student Health Insurance

Gene therapy is revolutionizing medical science and will impact student health insurance due to its high costs. This groundbreaking treatment method offers potential cures for chronic conditions like sickle cell disease and hemophilia. Yet, its ...

Get Ahead of Employee Benefits Open Enrollment Challenges Now

With many employers completing their benefits open enrollment at the end of the year, it may feel good to step away and work on something else. However, addressing the challenges that came up during your last open enrollment and getting ahead of ...

GLP-1 Drugs: Economic Impacts from Main Street to Wall Street

Typically, only those in the healthcare marketplace are familiar with pharmaceutical terms or drug names; however, the term GLP-1 and widespread familiarity with drug names Ozempic or Wegovy has become mainstream knowledge. Fluency with these names ...

Group Health Plan Gag Clause Attestation 2024 Submission Reference Guide

Summary: On May 24, 2024, the Department of Health and Human Services (HHS), the Department of Labor (DOL), and the Department of the Treasury (collectively, the Departments) released updated Gag Clause Prohibition Compliance Attestation submission ...

Harnessing Data Science in Healthcare with Stuart Piltch

Risk Strategies Consulting promotes that an effective use of data science, which is also a part of machine learning technology, is to meaningfully integrate, enrich, categorize, and curate data in a method that helps users create a more fact-based ...

HCM Systems: How to Move Yours from Fragmented to Optimized

Most employers can improve their human capital management (HCM) systems by moving from a fragmented solution to an integrated one with proper preparation. HCM systems can seem like the panacea to reducing unnecessary manual work for HR and Finance, ...

Health & Welfare Plan Compliance Reminder: Form 5500 Deadline

Employers sponsoring ERISA health and welfare benefit plans for employees should take note of the upcoming Form 5500 filing deadline on July 31, 2024 for calendar year plans.

Health & Welfare Plan Compliance Reminder: Medical Loss Ratio (MLR) Rebates

Summary: Medical Loss Ratio (MLR) rebate season is quickly approaching and employers sponsoring fully insured group health plans are required to review their options on how to use or distribute these rebate funds within three months of receipt. Read ...

Health & Welfare Plan Compliance Reminder: PCORI Fee Filing Deadline

Summary: The Patient-Centered Outcomes Research Institute (PCORI) filing and fee payment deadline of July 31, 2024, for plan years ending in 2023 is quickly approaching. Employers sponsoring self-funded group health plans are responsible to file and ...

Health Plan Gag Clause Attestation Submission Reference Guide

Summary: As we previously reported earlier this year, health plans are required to submit annual gag clause prohibition compliance attestations (GCPCAs) to the Department of Health and Human Services (HHS), the Department of Labor (DOL), and the ...

HHS Increases Penalties for 2023

The Department of Health and Human Services (HHS) recently released inflation-adjusted increases for certain HHS-related penalties, including those for violations of the Health Insurance Portability and Accountability Act (HIPAA) rules and the ...

HHS Increases Penalties for 2024

The Department of Health and Human Services (HHS) recently released inflation-adjusted increases for certain HHS-related penalties, including those for violations of the Health Insurance Portability and Accountability Act (HIPAA) rules and the ...

HHS Releases Health Care Nondiscrimination Final Rule

Summary: On April 26, 2024, the Department of Health and Human Services (HHS), under its Office of Civil Rights (OCR), released a final rule under Section 1557 of the Affordable Care Act (ACA). Section 1557 is the nondiscrimination provision of the ...

Highland Fire in Southern California Poses Growing Wildfire Threat

On Monday, October 30th, a fire began in Aguanga, California which has since grown to cover nearly 2,500 acres and is currently 10% contained. Current wind conditions and low humidity continue to be a concern as officials work to contain the fire.

HIPAA Final Rule Strengthening Reproductive Health Care Privacy

Summary: On April 26, 2024, the Department of Health and Human Services (HHS) issued an update to the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule. The final rule, originally released as a proposed rule in 2023 after the ...

How Changes to Federal Estate and Gift Tax Exemption May Impact Wealth Transfer

Significant tax changes are on the horizon for high-net-worth (HNW) individuals and families. The current historically high federal estate and gift tax exemptions are set to “sunset” at the end of 2025, which will lead to a substantial increase in ...

How the Fragmentation of Healthcare Impacts Claims Payment Integrity

The healthcare industry continues to attract more stakeholders, vendors, payment regulations and oversight, mergers and acquisitions, and innovative revenue cycle management opportunities — and with these come complexity and sometimes unexpected ...

How to Develop a Safety Committee

Enhance your Safety Committee's effectiveness! Elevate safety standards and problem-solving skills. Watch our webinar recording now.

How to Hire the Best Courier & Same Day Delivery Drivers - Part I

Here is where the rubber meets the road when examining how best to hire a courier driver. The drivers you hire, employees or contracting independent drivers, are a critical component to your overall success in controlling losses. Equally as ...

How to Hire the Best Courier & Same Day Delivery Drivers - Part II

In the world of courier and same-day delivery, it should be as clear as the road in front of you. Professional driver contracting and ongoing monitoring is critical to enhancing your safety record and minimizing costs associated with motor vehicle ...

How to Hire the Best Courier & Same Day Delivery Drivers - Part III

Finding the most qualified drivers or Independent Contractors for your fleet is a critical task on the road to sustained growth, profit, and long-term success. But what are the key identifiers in finding top drivers?

How to Improve Your CSA Score and Lower Insurance Costs

In the transportation industry, maintaining a strong safety record contributes to your operational success and financial stability. One key metric that impacts your insurance premiums and overall reputation is your Compliance, Safety, and ...

How Will States with Pay Transparency Laws Affect You?

California, New York, Washington, and Rhode Island have joined the growing list of states that require employers to communicate salary ranges for job openings. This is a big change from the past when companies kept salaries private to:

How Your Experience Modification Rating (EMR) Impacts Your Business

Discover how your Experience Modification Rating (EMR) impacts worker compensation premiums and contractor prequalification's. Explore proactive control methods for lowering EMRs and achieving minimum thresholds. Maximize cost savings for your organization. Watch the recording now!

Hurricane Lee Advisory

Please follow all of the latest Hurricane Lee updates on the National Hurricane Center Website. Updated 5:00 pm EDT As of 5:00 pm EDT on September 13, Hurricane Lee was downgraded to a Category 2, with sustained winds of 105 mph. There is an ...

Hurricane Season Preparedness

The 2022 hurricane season, delayed but devastating, featured Hurricane Ian, which disrupted the insurance market. Our webinar delved into the season, Hurricane Ian, and its impact on insurance markets in Florida and the U.S., with insights from Risk Strategies and One80 Intermediaries. Watch the recording for more details!

Income Protection: An Important Pillar of Employee Well-Being

Employee benefits programs can both positively – and negatively – impact your employees’ income. Employees need more than just good pay. During an employee’s tenure, they will have planned and unplanned expenses. This is why it’s important they are ...

Insights from Our Third Annual Student Health Plan Benchmarking Survey

Good healthcare is connected to student success. Understanding student health insurance plans help insurers develop cost-saving strategies and support mental health needs. Analyzing trends and learning from student programs improves healthcare ...

Insurance Careers Month – Unveiling Insurance’s Promising Career Path

The insurance industry has demonstrated substantial employment growth, as evidenced by the Risk Strategies workforce expanding from 430 employees in 2016 to over 5,000 employees today. Industry expansion affords new and exciting career opportunities ...

Insurance Challenges for High-Net-Worth Individuals in California

Imagine this: You’ve been living in California for decades. You’re a successful individual with multiple vehicles and a home valued in the multi-millions. In recent years, raging wildfires and increased flooding in your area have put your property ...

IRS Adds to Preventive Care Benefit List for HDHPs

Summary: On October 17. 2024, the Internal Revenue Service (IRS) issued Notice 2024-75, adding to the list of preventive care benefits permitted to be covered by high-deductible health plans (HDHPs) without first satisfying the deductible, or with a ...

IRS Announces Increased HSA, HDHP, and EBHRA Limits for 2025

The Internal Revenue Service (IRS) recently announced in Revenue Procedure 2024-25 inflation adjustments to the applicable dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs) for 2025, along with the maximum ...

IRS Announces Increased Retirement Plan Limits for 2024

On November 1, 2023, the Internal Revenue Service (IRS) announced in IRS Notice 2023-75 cost-of-living adjustments to the applicable dollar limits for retirement plans for 2024.

IRS Announces Increased Retirement Plan Limits for 2025

On November 1, 2024, the Internal Revenue Service (IRS) announced in IRS Notice 2024-80 cost-of-living adjustments to the applicable dollar limits for retirement plans for 2025.

IRS Confirms Unused Qualified Transportation Benefit Funds Cannot Be Refunded

Summary: The Internal Revenue Service (IRS) released an information letter earlier this year in response to an employee’s request for a refund of her qualified transportation benefit program funds that went unused due to commuting changes caused by ...

IRS FAQs Released On Educational Assistance Benefits

Summary: The Internal Revenue Service (IRS) recently released a frequently asked questions (FAQs) fact sheet addressing educational assistance benefit programs under Section 127 of the Internal Revenue Code (Code). Qualified educational assistance ...

IRS Private Letter Ruling Offers Employee Choice Between Tax-Favored Benefits

Summary: The Internal Revenue Service (IRS) issued a Private Letter Ruling (PLR) on May 20, 2024, approving an employer’s proposed amendments to its 401(k) retirement plan. These proposed amendments offer employees a choice to allocate a portion of ...

IRS Releases ACA Affordability Rates for 2025

The Internal Revenue Service (IRS) released Rev Proc. 2024-35 on September 6, 2024, announcing the Affordable Care Act (ACA) affordability percentage threshold for plan years beginning January 1, 2025. This percentage is adjusted annually for ...

IRS Releases FAQs on Tax Treatment of Work-Life Referral Programs

Summary: The Internal Revenue Service (IRS) released Fact Sheet 2024-13 on April 16, 2024, containing FAQs clarifying the federal tax treatment of employer-provided work-life referral (WLR) programs. These FAQs generally state that WLR programs ...

IRS Releases Health Care FSA, Commuter and Adoption Assistance Benefit Limits for 2025

The Internal Revenue Service (IRS) released Revenue Procedure 2024-40 on October 22, 2024, outlining cost-of-living adjustments for health care flexible spending accounts (FSA), commuter, and adoption assistance program benefits for the 2025 taxable ...

IRS Transition Relief for SECURE 2.0 Roth Catch-Up Rule

Summary: On August 25, 2023, the Internal Revenue Service (IRS) issued anticipated, and welcome, transition relief for retirement plan sponsors regarding the SECURE 2.0 requirement to designate catch-up contributions on a Roth (or after-tax) basis ...

Is It Time to Unbundle Your 401(k) from Your PEO?

While Professional Employer Organizations (PEO) offer convenience, there are several compelling reasons why moving your 401(k) plan out of your PEO can be a smart financial decision. Here's why:

Last-Mile Delivery Risks: Why You Need Commercial Umbrella Insurance

In last-mile delivery, protecting your business goes beyond just having the basics. As road risks grow, having comprehensive coverage is a smart way to safeguard your business. That’s where commercial umbrella insurance comes in. It’s an extra layer ...

Last-Mile Delivery: Winter Weather Preparation and Safety Tips

Winter weather can create problems for transportation, especially for delivery drivers hitting icy and snowy roads. Enhance driver and cargo safety with these tips.

Latest Supreme Court Decision Preserves Access to Mifepristone

On June 13, 2024, the Supreme Court issued a decision preserving widespread access to mifepristone, a medication whose primary intent is to aid in medical termination of early pregnancy. This unanimous decision by the Supreme Court determined that ...

Liquor Liability Insurance: Mitigating Your Risk

To sell alcohol, your business must carry the liquor liability coverage required by your state or local jurisdiction. Unfortunately, the cost for this insurance keeps rising, leading to increased financial pressure on the hospitality industry.

Maine PFML Contributions Begin in 2025: Employer Next Steps

Summary: As we previously reported here, Maine passed their own paid family and medical leave program (ME PFML) in July 2023 and became the last state in New England to enact a PFML program. Payroll contributions to ME PFML will begin on January 1, ...

Making Safety Simple: Minimizing Risks and Reducing Workers' Comp Costs

Watch our webinar that took place on April 30th at 1:00 PM EST. Our team focused on the four pillars: food safety, operational safety, employee safety, and customer safety. Additionally, focused on the connection between safety and workers' comp. Watch the recording now.

Maryland PFML Program Delayed Once Again

On April 25, 2024, Maryland Governor Wes Moore signed legislation delaying, once again, the Maryland paid family and medical leave program (called “A Time to Care Act of 2022” and hereinafter referred to as “MD PFML”).

Massachusetts Expands Earned Sick Time Law For Reproductive Loss Events

Summary: Massachusetts Governor Maura Healey signed legislation on August 23, 2024[1], that, among other items, expands the qualifying reasons under the Massachusetts (MA) earned sick time law to include reproductive-related loss events, effective ...

Massachusetts Health Plan Coverage & Reporting Requirements

Summary: Employers with Massachusetts (MA) resident employees should be aware of certain MA state law health plan coverage requirements for state residents and also comply with upcoming employer health plan reporting requirements. Read on for more ...

Massachusetts Health Plan Coverage & Reporting Requirements: What Employers Need to Know

Summary: Employers with Massachusetts (MA) resident employees take note of: Certain Massachusetts state law with respect to health plan coverage requirements for state residents, and Compliance obligations in connection with employer health plan ...

Massachusetts PFML & New PTO “Top Off” Option

Summary: Starting November 1, 2023, employees receiving Massachusetts Paid Family Medical Leave (MA PFML) benefits from the state are allowed to supplement, or “top off,” their weekly MA PFML benefit with accrued paid time off (PTO), such as ...

Massachusetts PFML Updates for 2024

UPDATE: MA PFML workplace poster and employer notices are now available for 2024 on the MA Department of Family and Medical Leave’s website by clicking here. The Massachusetts Department of Family and Medical Leave (the “Department”) recently ...

Massachusetts PFML Updates for 2025

The Massachusetts Department of Family and Medical Leave (the “Department”) recently announced several updates in connection with the Massachusetts Paid Family and Medical Leave (“MA PFML”) program for 2025, outlined in the table below.

Medicare 101

Discover the ins and outs of Medicare in our comprehensive recorded webinar!

Medicare and Employer Sponsored Health Plans

Learn more about Medicare and Employer Sponsored Health plans in this comprehensive webinar.

Medicare and VA Benefits

If you are a veteran that served on active duty in the U.S. Armed Forces, you may be eligible for Veterans Affairs (VA) benefits.

Medicare Part D Creditable Coverage – Changes & Challenges for 2025

Summary: The Inflation Reduction Act of 2022 (IRA), enacted by Congress in August 2022, includes several cost-reduction provisions affecting Medicare Part D plans. The most significant provision for employer-sponsored group health plans is that the ...

Mental Health Parity Final Rules Released: What Group Health Plans Need to Know

The wait is over now that the Department of Health and Human Services, the Department of Labor, and the Department of the Treasury (collectively, the “Departments”) released the Mental Health Parity and Addiction Equity Act (MHPAEA) Final Rules ...

Michigan Paid Sick Leave Changes Coming in 2025

Summary: On July 31, 2024, the Michigan Supreme Court ruled in Mothering Justice v. Attorney General that the Michigan state legislature’s 2018 adoption and amendment to the Michigan Earned Sick Time Act (MI ESTA) was unconstitutional. As a result, ...

Miscellaneous Professional Liability (MPL) Essentials for 2024

In today’s dynamic business landscape, professionals across industries face an ever-present risk of claims due to inadequate work or negligent actions. From a consultant’s strategic advice to a financial advisor’s investment recommendations, even ...

Moving Beyond the Fragmentation of Behavioral Healthcare

Achieving optimal health cannot rely on improving physical health alone. Our holistic health journeys must nurture emotional resilience, a sense of well-being, and overall mental and physical health. Research conducted by the National Institute of ...

Natural Catastrophe Preparedness

Hurricane season is fast approaching and early predictions are for a record-breaking season. With the increase in frequency and severity of natural catastrophe events, we all have to ask ourselves if we are truly prepared for anything. Watch our webinar to learn ways you and your business can prepare so when disaster strikes, you're already ahead of the game.

Navigating the Complex, Ever-Changing Yacht Insurance Market

Imagine this: You are finally nearing retirement, and you are financially secure. You and your spouse decide to get that bigger yacht you've always talked about so that you can spend more time on the water and do some extended cruising in the ...

Navigating the Impact of Climate Change on Fine Art Insurance

Climate change has created noteworthy challenges for people seeking fine art insurance. Hurricane seasons have become longer and more intense. Wildfires and flooding, byproducts of climate change, are affecting broader swaths of the U.S. Even areas ...

New California Leave for Reproductive Loss in 2024

California Governor Gavin Newsom signed a new law on October 10, 2023, requiring employers with California employees to provide employees up to five days of leave for reproductive-related losses, beginning on January 1, 2024.

New Chicago Paid Sick & Paid Leave Ordinance Delayed Six Months

In very welcome relief for Chicago employers, on December 13, 2023, the Chicago City Council approved a six-month delay of the new Chicago city ordinance (Ordinance).

New Chicago Paid Sick Leave & Paid Leave Ordinance for 2024

Brief Summary: Effective December 31, 2023, employers with one or more employees working in the city of Chicago will be required to provide up to 40 hours of paid sick leave and an additional 40 hours of paid leave (for any reason) per year. This ...

New Group Health Plan Fiduciary Lawsuit Draws Attention

Summary: In what is likely to become a bellwether development for health plan fiduciary litigation, a new class action lawsuit was recently filed against Johnson & Johnson (J&J), alleging breach of fiduciary duty under the Employee ...

New Guidance for Health Plan Cost-Sharing Tool

Summary: On February 2, 2024, the Department of Health and Human Services (HHS), together with the Department of Labor (DOL) and the Department of the Treasury (collectively, the “federal agencies”) released an FAQs document providing compliance ...

New Illinois Commuter Benefit Program in 2024

Illinois recently became the latest jurisdiction requiring certain employers to offer a commuter transit benefit to employees, starting in 2024 (“IL Commuter Benefit Program”). Illinois now joins New Jersey along with the following cities in ...

New Paid Leave Ordinance in Effect for Cook County, Illinois

Summary: On December 14, 2023, the Cook County Board of Commissioners replaced the prior Cook County earned sick leave ordinance with a new paid leave ordinance. The new ordinance requires employers to provide their employees in Cook County, ...

New Required Notice for Fixed Indemnity Plans in 2025

Employers offering fixed indemnity plans, including hospital indemnity policies, to their employees – take note of a new required notice for these plans beginning on or after January 1, 2025.

New White Papers on the Horizon

In mid-December of 2023, we published an Emerging Trends & Patterns in Healthcare Market Segments white paper that touched on a host of issues and considerations. Contained within was a series of observations around regulatory, legislative, and ...

New York Passes Landmark Paid Prenatal Care Leave for 2025 & Paid Lactation Breaks Coming Sooner

Summary: New York will become the first state in the nation to require employers to provide paid prenatal leave for their employees working in New York, starting January 1, 2025. Additionally, New York State employers will be required to provide ...

New York PFL Updates for 2024

New York Paid Family Leave (NY PFL) launched in 2018 to provide caregiving benefits to New York State (NYS) workers and their families. NY PFL was implemented in a four-year phase-in period and benefits are now fully phased in. In 2024, the ...

New York Releases Paid Family Leave Rates for 2025

Summary: New York Paid Family Leave (NY PFL) launched in 2018 to provide caregiving benefits to New York State (NYS) workers and their families. NY PFL was implemented in a four-year phase in period and benefits are now fully phased in. In 2025, the ...

Nursing Shortage 2024: Impact of State Department's Visa Freeze on Foreign Nurses

The U.S. healthcare system is grappling with a significant nursing shortage in 2024, exacerbated by the U.S. State Department's decision to freeze new visas for international nurses. This policy affects nurse availability, patient care quality, and ...

NYC Earned Safe & Sick Time Final Rules

Summary: New York City issued final rules under the New York City Earned Safe and Sick Time Act (ESSTA), providing clarity on employer size, telecommuting and hybrid employees, employee notice, and documentation concerns, among others. These final ...

OSHA 300 Log and Inspections

Discover OSHA 300 logs and their importance in our past webinar. We explained how to navigate, complete, and submit these logs on OSHA's login.gov platform to stay compliant. Watch the recording to learn more and prepare for OSHA inspections.

OSHA Job Hazard Analysis

Please watch our webinar where we explore the importance of Job Hazard Analysis (JHA) in ensuring workplace safety. Learn how conducting JHAs not only satisfies our obligations as employers under OSHA’s General Duty Clause but more importantly identifies and helps us mitigates hazards to provide a safe and healthy work environment for our employees. Watch the recording here!

OSHA's Top 10 Violations for 2023: A Breakdown

Following the announcement of OSHA’s Top 10 Most Frequently Cited Standards of 2023, Risk Strategies hosted a webinar discussing these violations and how to avoid them. This list offers valuable insights for safety professionals and industry ...

PBM Market Dynamics: Stuart Piltch's Call to Stay Calm and Informed

Two of the three major PBMs, CVS/Caremark and Express Scripts, Inc. (ESI), have made recent announcements around alternative cost structures they will be offering in the marketplace. OptumRx has yet to make an announcement, but as one of the three ...

PCORI Fee Amount Increase for 2024

The Internal Revenue Service (IRS) recently issued Notice 2023-70, increasing the fees paid by group health plans to fund the Patient-Centered Outcomes Research Institute (PCORI).

Peeling Back the Layers of Your Pharmacy Benefit Design

It’s the time of year for a pharmacy benefit annual review to evaluate benefit design options, new programs, and trend management solutions for the 2025 benefit year. While it is best practice for plan sponsors to review their organization’s core ...

Peer Review In Design: Pluses & Perils

A proposal is a design firm’s chance to stand out, impress the client, and win the work. This program delve into the potential hazards associated with using "sales" language in proposals and how generic "boilerplate" proposals create risk. Additionally, it delve into effective strategies to craft winning proposals that not only impress, but also safeguard the design firm’s interests. Watch the recording now!

Peer Review in Design: Pluses and Perils

Peer review is an increasingly important aspect of the design industry. Examples of expensive and potentially disastrous fails like San Francisco's sinking Millennium Tower highlight the need for stricter peer review in design. This process involves ...

Personal Health & Wellness Expenses Cannot Be Reimbursed From FSA/HRA/HSA

The IRS recently issued an alert reminding taxpayers that tax-advantaged health spending accounts, such as health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), cannot pay for, or reimburse, personal expenses for ...

PFAS Liability: How the Latest EPA Ruling Affects Your Business

We’ve reached a turning point. Per- and polyfluoroalkyl substances (PFAS), once hailed for their industrial applications and water-resistant properties, are now a widespread health concern. Business leaders, environmentalists, and regulators have ...

Political Violence Insurance for Fine Art

Conflicts, tensions, and elections around the globe are sparking concerns among museums, galleries, and art collectors. Could civil unrest endanger art in transit or on display? If yes, how can the fine art community protect against these risks? Here’s an information guide to consider when formulating your risk management strategy.

Post-Crowdstrike: Takeaways and Learning Lessons

Risk Strategies National Cyber & Technology product leader, Allen Blount, and Commercial Lines Leader, Randy Raymond, drove a discussion on the lessons learned from the CrowdStrike outage and the importance of cyber liability coverage.

Pregnant Workers Fairness Act (PWFA) Final Rule Highlights

On April 19, 2024, the U.S. Equal Employment Opportunity Commission (EEOC) published a final rule[1] to implement the Pregnant Workers Fairness Act (PWFA). As a reminder, the PWFA first went into effect on June 27, 2023[2]. This final rule, which ...

Product Recall Strategies for the Food & Beverage Industry

Watch our Product Recall Strategies webinar recording now. Amber Krogman of Risk Strategies spoke with Matthew Carpenter from AmWins Insurance Brokerage and Kim Daniels from RQA, Inc. to dissect the ins and outs of product recall and contamination insurance policies, and how to prepare for recalls and mitigate the impact to your company.

Protecting Your Business from Deepfake Threats

Deepfake technology blurs the line between reality and fabrication. While sometimes used for entertainment purposes or as a novelty, deepfakes can be a dangerous tool for cybercriminals, enabling scams, blackmail, and misinformation. Learn more ...

Recent DOL Guidance on Group Life Insurance Premiums & EOI Practices

Summary: The U.S. Department of Labor (DOL) recently announced two separate settlements with major life insurance carriers (Unum and Lincoln), requiring them to revise their evidence of insurability (EOI) practices in the wake of federal ...

Recent Spotlight on IVF and Contraceptive Coverage Options

Summary: Recent developments have spotlighted in vitro fertilization (IVF) coverage in Alabama and contraceptive coverage options generally. These developments, along with recent regulatory guidance, have sparked increased interest and inquiries ...

Recent Supreme Court Decision Overruling Chevron: Impact to Employee Benefits

On June 28, 2024, the United States Supreme Court issued a landmark decision in Loper Bright Enterprises v. Raimondo and Relentless Inc. v. Department of Commerce (Loper), overruling its prior decision in Chevron, U.S.A. Inc. v. Natural Resources ...

Relocating? Who’s in CHARGE of your lithium-ion batteries?

Lithium-ion battery-powered personal devices have moved well beyond mobile phones and laptops. Many of us have rushed to buy electric power tools, bikes, vacuums, and more. We can recharge them and use them in more places since they don’t require a ...

Reminder: San Francisco HCSO Upcoming Reporting Deadline

Employers covered by the San Francisco Health Care Security Ordinance (HCSO) are required to submit the 2023 Annual Reporting Form by Friday, May 3, 2024.

Reporting Employer-Sponsored Health Coverage on Form W-2

The January 31, 2024 deadline to file (and furnish to employees) 2023 Forms W-2s, Wage and Tax Statements, is quickly approaching.

Rethinking Women's Health in 2024: Insights from Stuart Piltch

Differentiating healthcare for women is important. Women’s health evolves over a lifetime and each stage requires a personalized, coordinated, outcomes-based approach that needs proper diagnosis as well as the dismantling of assumptions.

Return to Work Program

In our past webinar, we explored the importance of having a return-to-work policy and timely claims reporting when an employee gets injured on the job. Watch the recording to discover the benefits of such policies.

Ripple Effect: The Prolonged Impact of Water Damage in the Home

Imagine this: You and your family take off for a ten-day vacation. Before you leave, a corroded pipe ruptures behind an upstairs bathroom vanity. No one notices the damp wall before rushing off to the airport. Days pass and water continues to flow ...

Risk Strategies Consulting Clinical Rx Pipeline Report Now Available

Our third-quarter Clinical Pipeline Report (accessible here) reviews multiple gene therapy approvals, the approval of first-ever treatments for ultra-rare diseases, upcoming impactful generics available (such as Vyvanse), the launch of multiple ...

Risk Strategies Consulting – What Makes Us Who We Are?

Risk Strategies Consulting was formed in January 2023, as a separate and distinct entity within the Risk Strategies structure. The goal was to create a differentiating, independent consulting entity designed to serve the specific needs of large and ...

Risk Strategies Consulting: Q4 2023 Clinical Rx Pipeline Report

Risk Strategies Consulting’s fourth-quarter Clinical Rx Pipeline Report is now available. This edition provides updates on impactful drug approvals and a forward-looking analysis of the clinical biosimilar and cell & gene therapy pipelines. In ...

Safety Psychology

Safety is fundamentally about people, including those we work with and their families. OSHA Regulations, evolving since 1970, adapt to changing workplaces. Despite measures like programs and protective gear, injuries persist. Safety Psychology goes beyond physical measures, delving into how human actions affect organizational safety. Watch the recording to uncover overlooked crucial elements.

San Francisco Health Care Security Ordinance Rates for 2024

The 2024 rates for the San Francisco Health Care Security Ordinance (HCSO) were recently released by the San Francisco Office of Labor Standards Enforcement (OLSE).

San Francisco Health Care Security Ordinance Rates for 2025

The 2025 rates for the San Francisco Health Care Security Ordinance (HCSO) were recently released by the San Francisco Office of Labor Standards Enforcement (OLSE).

SEC Scrutiny and Crypto Insurance: Protecting Your Investments

Recently, Uniswap Labs received a Wells Notice from the Securities and Exchange Commission (SEC). The notice formally warns Uniswap, the largest decentralized crypto exchange (DEX), that federal regulators will bring charges against it.

Social Media Posts Can Affect Your Insurance Rates

Editor's Note: This article about social media and insurance underwriting recently appeared in the Oregon Restaurant and Lodging Association’s blog. Reprinted with permission, this piece includes helpful tips for hospitality, entertainment, and ...

State & Local Leave Law Developments

Summary: This article summarizes recent developments and updates with respect to certain state-specific paid family and medical leave (PFML) programs as well as state/local paid and unpaid leave laws. Employers, particularly multistate employers, ...

State of the Market

We invite you to explore our 2025 Initial Outlook and 2024 Wrap-Up,

State of the Market 2024 Initial Outlook

We invite you to explore our 2025 Initial Outlook and 2024 Q4 wrap-up.

Strengthening Cybersecurity in Car Dealerships: Lessons from the CDK Global Hack

The recent cyberattack on CDK Global, which affected thousands of car dealerships nationwide, underscored significant vulnerabilities within industries in which a single vendor hack can disrupt entire swaths of the market, such as healthcare and ...

Stuart Piltch Announces Healthcare Provider Network Assessment Whitepaper

In recent blogs, we’ve taken a look at network provider systems including the Uniform Data System and also how healthcare provider networks are under intense scrutiny. These insights were developed as part of an in-depth assessment of healthcare ...

Stuart Piltch Examines the Value of Pharmacy Benefit Managers

In recent years, Pharmacy Benefit Managers (PBMs) have faced increased scrutiny from various stakeholders within the healthcare ecosystem. This includes pharmacies, consultants, providers, legislators, and regulators who have, at times, portrayed ...

Stuart Piltch on the Intense Scrutiny of Healthcare Provider Networks

The building and management of medical provider networks serve as a reflection of a payor’s foundational value to plan sponsors and members. Their value is often assessed by the financial discounts and other arrangements negotiated with various ...

Stuart Piltch on Transforming Comprehensive Healthcare Auditing

As the healthcare industry becomes increasingly complex, the depth and types of required auditing also become more complex. Healthcare systems, from both payors to providers, face unique challenges and require more efficient auditing approaches. ...

Stuart Piltch on World Mental Health Day, Influencing Better Outcomes

In light of World Mental Health Day (October 10), it is important to recognize that behavioral health is not solely confined to mental illnesses. Behavioral health also encompasses a broader spectrum of conditions including addictive behaviors, ...

Stuart Piltch Reveals Emerging Healthcare Market Trends

Healthcare is a large and complex network of landscapes that impact everyone in the United States, from investor to provider, plan sponsor, and patient. Changes in trends in the healthcare market segment have a direct impact on all those affected. ...

Stuart Piltch Shares Developments in the Biosimilar Landscape

Biosimilar drugs, a biological product highly similar to but with no clinically meaningful difference from an existing reference product (drug), are expected to reduce drug costs by $181 billion over the next five years. They also hold the potential ...

Stuart Piltch Unveils Limitations & Concerns of the Uniform Data System

Let us examine the most common tool in use today by consultants and carriers to evaluate the competitiveness of payor networks: Uniform Data System, also known as Uniform Data Specifications (UDS). UDS is a compilation of book of business (BoB) ...

Supporting Student Mental Health in Higher Education

College students are increasingly struggling with mental health issues. The statistics are sobering. Students showing significant symptoms of depression increased from 25 to 41 percent between 2016 and 2021. Campuses saw a similar rise in students ...

The AI Revolution: Navigating D&O and Cyber Insurance Implications for Private Equity

The emergence of artificial intelligence (AI) and its widespread reach are no longer simply concerns for AI developers. The risks and exposures of AI aren’t limited just to errors and omissions (E&O), and cyber claims in the tech ...

The Baltimore Bridge Collapse: Who’s Liable?

The collapse of the Francis Scott Key Bridge following a collision with the container ship Dali could result in the most expensive marine insurance payout in modern history, potentially exceeding $1 billion. The ship owners and their insurers, ...

The Bankruptcy Support You Haven’t Heard Of

More public companies going bankrupt means more problems for directors and officers. If you find yourself in a litigation storm, specialized insurance solutions can be a lifesaver. Additional policies may offer more protection than just a directors ...

The CAT Zone Effect: Surging Costs in Commercial Property Insurance

Don’t believe everything you read about the lack of commercial property insurance capacity. It’s out there, with some caveats. The real estate axiom “location, location, location” remains a pillar in the capacity story, but it’s not the whole story. ...

The Christie’s Auction House Hack and You

The ongoing hack of Christie’s auction house immediately ahead of a planned $840M art sale is an abject lesson in the realities of risk in today’s internet-connected and dependent business world.

The Human Capital Management Strategy-to-Execution Disconnect

Organizations typically have siloed Human Resources (HR) and finance systems, data, and processes to run payroll, administer employee health and welfare benefits, and manage other key HR systems and functions. This hampers the experience for all ...

The Importance of Management Liability Insurance in the Wake of the FTC Noncompete Rule

The Federal Trade Commission's (FTC) ban on non-compete agreements will upend traditional employment practices, affecting a wide swath of employers, employees, and legal professionals. As this landmark rule takes effect in September, employers will ...

The Process for Automobile, Property, & General Liability Claims

Our webinar recording on "The Process for Automobile, Property, & General Liability Claims: Claims Reporting and Handling Guidelines," which covered topics such as automobile accidents and claims, property claims, and general liability claims, is now available for viewing. Check it out to gain valuable insights into these areas.

The Rise of Direct to Employer Healthcare Relationships

Today's healthcare landscape is evolving, with traditional service delivery adapting to meet diverse needs more effectively. The Direct to Employer (DTE) healthcare model exemplifies this shift, emerging as a significant growth avenue for health ...

The Underlying Opportunity in Healthcare Point Solutions

Healthcare point solutions are services designed to provide a health, wellness, and/or condition-based service to supplement a benefits plan. These solutions address a specific condition and provide care or a program that meets a need in the ...

These 5 Steps Drive Positive Wellness Program Health Outcomes

A successful wellness program must be aligned with what employees consider important. Implementing a wellness program without employee input will not guarantee that the health of your workforce improves. Employees need to be shown the value of ...

Tips from the Trenches: Change Management

In the "Change Management: A Risk Manager's Role in Sustaining Operational Efficiency" interview series, we explored common organizational barriers to change, identified critical success factors for change adoption, understood that people resist control more than change, and learned about Newmawashi, a Japanese approach for obtaining quick agreement on change.

Tips from the Trenches: Cyber Renewal

The cyber marketplace is undergoing a period of unprecedented change. Colleges and universities are particularly being impacted due to historical claims experience. Watch Steve Bryant and Rob as they discuss the importance of being proactive and implementing best-in-class controls to differentiate yourself in this market and control your total cost of risk.

Tips from the Trenches: Disaster Recovery Part 1

Dive into the insightful world of Higher Education risk management with Steve Bryant's "Tips from the Trenches" interview series. In Part One, Steve engages in thought-provoking discussions with subject matter experts, unraveling the complexities of risks in Higher Education. Watch the recorded webinar now!

Tips from the Trenches: Disaster Recovery Part 2

Elevate your disaster recovery strategy. Watch part two, Tips from the Trenches, an exclusive interview series featuring Steve Bryant and Tres Hurst. Discover key insights on building strong relationships between institutions and their disaster recovery partners. Watch the recording now!

Tips from the Trenches: Disaster Recovery Part 3

Dive into the aftermath of catastrophe on a university campus in the concluding episode of our Disaster Recovery interview series. Join Steve Bryant and subject matter expert Tres Hurt as they share insights and strategies. Watch the recording now!

Tobacco-use Surcharges Result In DOL Investigation, Lawsuit & Penalties

Summary: In the wake of a recent Department of Labor (DOL) investigation, lawsuit, and resulting penalties against a group health plan for impermissible tobacco-use surcharges, group health plans are advised to tread carefully when imposing ...

Top 10 OSHA Citations Webinar

Every year OSHA releases its most cited regulations in both General Industry and Construction and then there is the top 10 list that is a combination of both. Please watch our recording as we dive into the top 10 most frequently cited standards to gain a better understanding of how to prevent those hazards from popping up at your construction project or facility.

Top 3 Mistakes When Searching for Commercial Auto Insurance

Navigating commercial auto insurance can be daunting. With so many policy options available, it’s easy to find yourself overwhelmed. As you work to protect your operations from expected and unexpected risks and liabilities, the search for affordable ...

Transparent Financial Disclosure

In our recently published white paper, Disclosure, Transparency, and Fiduciary Responsibility, we describe the importance of enhanced disclosure, strong diligence, and heightened audit practices that are enforced by well-written contracts to ensure ...

Trucking Workforce: The Pros and Cons of 1099 Contractors vs. Employees

The transportation industry runs on efficiency. For many, the 1099 independent contractor model is the perfect solution for trucking companies. You skip payroll taxes, don’t have to provide benefits, and you potentially gain greater flexibility in ...

Understanding the 23andMe Data Breach and Ensuring Cybersecurity

Companies like 23andMe have revolutionized accessibility to genetic information, promising personalized insights into health. However, with innovation comes notoriety and vulnerability, as highlighted by the recent data breach at 23andMe. This ...

Understanding the MGM and Caesars Cyberattacks: Lessons Learned

Many of today’s increasingly devastating high-profile “cyberattacks” can actually be attributed to human error. The recent attacks on Caesars Entertainment and MGM Resorts stand as stark examples of this. Caesars reportedly paid a $15 million ransom ...

Upcoming Dates To Know for Delaware PFML

As we previously reported, Delaware passed the “Healthy Delaware Families Act” on May 10, 2022, establishing a paid family and medical leave insurance program for employees working in Delaware (DE PFML), set to begin paying out benefits on January ...

Upcoming Medicare Part D Creditable Coverage Notice Distribution Deadline

The annual Medicare Part D enrollment period, which generally runs from October 15 until December 7 each year, is quickly approaching. Employers who offer prescription drug coverage must distribute a notice of "creditable" or "non-creditable" ...

Upcoming State Paid Leave and PFML Developments & Reminders

As the summer months roll on, now is a good opportunity to provide employers with a summary of reminders as well as recent developments and updates with respect to certain state-mandated paid leave and paid family and medical leave (PFML) programs.

Updated CMS Instructions Released for 2023 RxDC Reporting

Summary: The Centers for Medicare and Medicaid Services (CMS) recently released updated RxDC reporting instructions for the 2023 reference year, which is due on June 1, 2024. These updated instructions highlight noteworthy reporting changes ...

Updates to Oregon Leave Laws

Summary: Oregon Governor Tina Kotek signed legislation (SB 1515) on March 20, 2024, revising the state’s Family Leave Act (OFLA) to align with the state’s Paid Leave Oregon (PLO) law and simplify leave administration for employers with Oregon ...

What is Personal Umbrella Insurance and How Much Do I Need?

High-net-worth (HNW) individuals work hard to build their wealth. But a lawsuit, even a seemingly unfounded one, could threaten a HNW family’s financial security and their reputation if adequate and comprehensive insurance protection is not in ...

When Water Doesn't Help; Boatyard and Marina Fires

Don't miss our past webinar discussing best practices for boatyard, yacht club, and marina fire prevention. We reviewed the causes of fires, prevention measures, and recovery steps. Watch the recording to protect your vessel and community.

Why Helping Your Employees Attain Balance is Key to Mental Health Support

Providing support to help employees stay balanced is increasingly important. Employees feel balanced when they are psychologically comfortable or content. This balance can help them navigate through life’s difficulties such as grief, divorce, work ...

Wildfire at Your Door: Do You Have a Plan?

Imagine this: Your cell phone rings. The call is from a police officer, ringing the buzzer at your front gate. He speaks urgently, “We are asking everyone to evacuate now. There’s a fast-moving wildfire at the edge of town, and you need to leave ...

Wildfire Mitigation and Prevention

Wildfires have become more frequent and severe over the last several years causing billions of dollars of damage and destroying communities. Discover steps that can be taken to make properties more resilient and what you can do to be prepared should a wildfire come your way. Watch the recorded webinar for valuable insights!

Winter Weather Preparation

This webinar provided valuable insights into mastering preparations and responses for winter weather. Be equipped with the knowledge and tools necessary to navigate through the challenges brought by cold weather. Watch the recording now!

Workers’ Comp Insurance Considerations for Remote Workers

Despite highly publicized return-to-work mandates, many organizations today continue to support flexible work arrangements. If employees work from home at least some of the time, what are the workers’ comp insurance implications? Have you taken a ...

Workers’ Comp Insurance Cost: Planning for 2025

Unless you’re in a high-risk industry, your workers’ compensation costs may feel more manageable in 2024 (as compared to other insurance coverages). The relatively “soft” workers’ compensation insurance market has been a welcome break for many ...

Workers’ Comp Insurance: 8 Ways to Trim Costs

Editor's Note: This workers’ comp insurance article originally appeared in Premier Flooring Retailer, a trade magazine published by the World Floor Covering Association. Reprinted with permission, this piece contains helpful tips for all ...

Workplace Active Shooter Awareness

This webinar gave insight into today's business world's active shooter climate and offered advice on quick and decisive responses in such situations, emphasizing situational awareness. It followed the "Run. Hide. Fight." methodology by the U.S. Department of Homeland Security and the FBI. Watch the recorded session for valuable guidance.

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