COBRA Premium Subsidy Update

On Friday, the House passed the American Jobs and Closing Tax Loopholes Act (H.R. 4213) that would require 401(k) fee disclosures, provide relief for pension funds and extend unemployment benefits.

However, the planned extension of the COBRA premium subsidy was omitted prior to voting to gain additional support for passage.

Read more

Managing Hospitality Risk Foodborne Illness

Foodborne Illness – What’s at risk?

Accurate diagnosis is sometimes difficult, but it has been estimated that somewhere between 24 to 81 million foodborne illnesses occur each year, resulting in more than 10,000 foodborne-associated deaths with the consequential costs ranging anywhere from $7.7 to $23 billion.

Read more

Extended Dependent Coverage

Last Monday the Obama Administration issued interim rules allowing young adults to remain on their parents’ health insurance plans until age 26. The coverage requirement, effective starting with renewals of October 1, 2010 or later, is one of the most anticipated early benefits of President Obama's new health care law.

Read more

Healthcare Reform Timeline

After more than a year of often rancorous debate, it appears that the healthcare reform battle in Congress is over. The Patient Protection and Affordable Care Act was signed into law on March 23rd, and later in the week Congress sent to the President a set of revisions which he signed today, March 30th. Although most aspects of reform will not be effective for a few years, there are many which will be effective within six months after the enactment date. The following is a timeline of the major provisions to give you an idea how the new law will impact you and your employees.

Read more

Congress Passes Landmark – Healthcare Update

On March 21, 2010, the U.S. House of Representatives passed major health care reform legislation, the Patient Protection and Affordable Care Act. The legislation was previously passed by the U.S. Senate in December 2009 and is set to be signed by President Obama as soon as possible.

Read more

Builders Risk – How to Structure the Best Program

By Ed Chapin, Vice President

A construction contract will almost certainly specify who will supply the Builder’s Risk Insurance coverage for any construction project. This could be the projects owner, general contractor or sub-contractor.

Read more

Earthquake Insurance – Setting Limits

One of the most frequently asked questions we hear from clients is “how much earthquake coverage do I need?” Many factors typically go into the decision when trying to decide how much coverage to buy. By answering the following key questions it should help to simplify the decision-making process:

Read more

Thinking about Self Funding?

When health insurance premiums continue to increase at a rate in excess of general inflation or wage increases, many employers ask us whether self-insuring their health plan makes sense for them. Self-insuring is certainly a popular option. Surveys show that more than 50% of employees covered by employer-sponsored health plans are covered by self-insured plans.

Read more

Transitional Duty Programs – Key to Workers’ Compensation Claims Management and Cost Control

Many employers struggle with how to effectively manage workers’ compensation claim costs and loss of employee productivity when an employee suffers a prolonged absence from work due to an on-the-job injury.

Read more

Non Profit Directors – Risk Management Items to Understand and Consider When Sitting on Outside Boards

When asked to participate on a nonprofit board; typically; the first reaction is to be flattered that someone would want our participation and the second reaction is to agree because it meets a personal or professional goal. After agreeing to sit on the board of an organization you may find that you did not learn everything about the organization and/or board interaction prior to joining their board. There are some steps you can take in advance of joining the board that will be helpful in determining if the organization is a good fit for you and vice versa, including attending a board meeting, meeting with the Executive Director and understanding what your role will be as board member, and asking to review minutes from prior meetings a well as the organization’s mission statement and strategic plan.

Read more

Does Your Healthcare Facility’s Insurance Program Protect Against Loss of Private Information

Few CEOs, CFOs or risk managers are able to appropriately respond to this question from their Board of Directors unless the facility has previously suffered such a loss. While we have all heard the news stories of large banks, credit card companies, or credit agencies that have had breaches of their security affecting hundreds of thousands of customers.

Read more

Replacement Cost Valuations Versus Market Value

By Susan Stead, Account Executive
Property owners face a growing dilemma as to how they should provide accurate replacement cost values to their insurance company when market values are declining. Logically, it doesn’t make sense that the cost to rebuild your building has increased this year given the state of the economy over the past fifteen months, especially with the reduction in construction costs and decline in land values. What many owners do not consider are the fixed costs of supplies that are not decreasing.

Read more