Articles

Record Retention for Health and Welfare Benefit Plans

Like the proverbial "stitch in time", the efficient filing of benefit plan records inevitably saves time, resources, and anguish otherwise spent searching for documents needed at a later date. Moreover, the law penalizes the failure to maintain certain records.

Read more

The State of the Surety Industry and You

For the most part, with a few notable exceptions, sureties have had a good run over the last few years. It is somewhat counterintuitive that surety results would be so positive during this very challenging economic period, but that can be understood chiefly by two things: surety results historically lag the general economy by 18 months or more and surety underwriters have been relatively disciplined.

Read more

Taking Advantage of the Biggest Gift the IRS Ever Gave

On December 17th, 2010 the President signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Jobs Creation Act of 2010 which contained dramatic, yet temporary, changes to the federal transfer tax system (estate, gift and generation skipping taxes).

Read more

Giving Key Employees a Reason to Stay

While there are many different ways a business can get started, one of the more common answers we hear goes something like this – “I was working for XYZ Company as a Vice President of something important, but there weren’t enough opportunities for growth. I had some ideas, came into some money and decided to break out on my own.”

Read more

DOL and the Treasury Release FAQ Regarding Implementation of SBC Provisions

The Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury (the Departments) have released Frequently Asked Questions (FAQs) regarding the implementation of the summary of benefits and coverage (SBC) provisions of the Affordable Care Act.

Read more

State Exchange Final Regulations Released

The U.S. Department of Health and Human Services (HHS) released its final rule on state health insurance exchanges March 12th. The Affordable Care Act (ACA) requires states to be able to demonstrate that they can operate an exchange by January 1, 2013. Under the final rule, HHS may grant conditional approval to states that have made progress toward the implementation of an exchange by January 2013.

Read more

State of the Insurance Marketplace

Wind direction is changing! Property Casualty (P&C) insurance rates are beginning to trend upward. This trend, known as a ‘ firming marketplace,’ began in the fourth quarter of 2011, and it is expected to gain momentum in 2012.

Read more

Health Plan Automatic Enrollment Rules Delayed

The Department of Labor (DOL) has issued Technical Release No. 2012-01 which, among other things, has further delayed the implementation of the automatic enrollment requirements contained in the Affordable Care Act (ACA).

Read more

Identity Theft: What you can do to keep your information private

Most people are surprised just how easy it is for a thief to gather personal information. Thieves are clever: they go through your trash and mail looking for bank and credit card statements, pre-approval offers and tax information.

Read more

Homeowner’s Insurance Goes Green

Green is everywhere these days, from our cleaning products to the local car wash operation. The residential construction industry, with a renewed focus on energy efficiency and eco-friendly materials, is one of the leaders in green innovation.

Read more

Final Summary of Benefits and Coverage Regulations Released

The IRS, Department of Labor, and Health and Human Services (the agencies) have released final regulations regarding the Summary of Benefits and Coverage (SBC) requirements contained in the Affordable Care Act (ACA).

Read more