Articles
Risk in Focus :: Hospitality Q3 2024
Tuesday, July 23, 2024
States like South Carolina have enforced a law mandating all alcohol-serving establishments to carry $1 million in liability coverage if they operate after 5pm. The state’s insurance department has flagged the liquor liability insurance market as “extremely unprofitable,” with significant underwriting losses. The frequency and severity of drunk driving lawsuits have spiked, leading to higher insurance costs. Our latest report covers the risks associated with liquor liability and the preventive measures that can protect your business.
No Auto Pilot as Autonomous Ships Tackle Liability, Legal and Operational Challenges
Thursday, July 18, 2024
Autonomous cars and flying drones have paved the way for a new era in transportation, and now, the maritime world is on the cusp of its own transformation.
Medicare Part D Changes: Impact to Group Health Plans
Friday, July 12, 2024
There are changes coming to Medicare Part D in January 2025 that may affect your company’s health plan. Some high-deductible health plans (HDHPs) that used to work with Medicare Part D may no longer qualify. Here’s what employers should know.
Navigating the Risks of Non-Payment with Trade Credit Insurance
Thursday, June 27, 2024
The prospect of customers failing to pay their accounts receivable debt is a looming risk for businesses in all industries, especially in the uncertainty of today’s economic landscape.
Markets in Focus :: General Q2 2024
Tuesday, June 25, 2024
The U.S. experienced a record number of costly disasters in 2023, resulting in $92.9 billion in damages. With predictions of an active Atlantic hurricane season in 2024, the urgency for robust risk management and sustainable development is more pronounced than ever.
Risk in Focus :: Healthcare Q2 2024
Tuesday, June 18, 2024
Pixel tracking technology, also known as “tracking pixels,” is a hidden piece of code embedded within web pages or emails that monitors user activity. It gathers data such as IP addresses, browser types, and screen resolutions for analysis. While useful for web analytics and marketing, pixel tracking poses significant risks for healthcare organizations.
With Coverage Costs Rising, Employers Report 9 Benefits of Contracting Health Care Directly
Wednesday, June 12, 2024
Direct contracting in employee benefits has become increasingly popular among employers seeking to control rising health care costs and improve care quality. This strategy involves self-funded employers negotiating directly with health care providers to secure services at predetermined rates, bypassing traditional insurance carriers to reduce costs.
Patient-Centered Outcomes Research Institute Fees Due By July 31, 2024
Wednesday, June 5, 2024
The Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to help patients, clinicians, payers, and the public make informed health decisions by advancing clinical effectiveness research. The Institute is funded by the PCORI fee which is imposed upon carriers and employers with self-funded medical plans (including HRAs). The PCORI fee went into […]
Navigating Cyber Risks in Healthcare: Pixel Tracking Technology
Friday, May 31, 2024
With new cyber risks constantly emerging and evolving, pixel tracking technology has become a top-of-mind risk for healthcare organizations. These “tracking pixels” hidden on organizational websites facilitate the sharing of protected health information (PHI) with a third party, and many organizations may not even realize they have them.
Oregon Family Leave Act (OFLA) Changes – Employer Notification to Rescind Approved Leaves Due June 1, 2024
Thursday, May 30, 2024
The Oregon Bureau of Labor and Industries (BOLI) issued temporary and proposed rules under OAR 839-009-0201. The rules provide guidance to employers for navigating recent changes to Paid Leave Oregon (PLO) and OFLA that were mandated under SB 1515. See our previous article for details on the SB 1515 mandates.
Risk in Focus :: Education Q2 2024
Tuesday, May 28, 2024
Higher education institutions face significant challenges in ensuring the health and safety of their students and visitors. Understanding the primary causes of injuries and implementing effective preventive measures is crucial.
Markets in Focus :: Cyber Q2 2024
Tuesday, May 21, 2024
The cyber insurance market remains stable, with ample capacity and favorable reinsurance renewals in January. The cyber risk landscape is shifting from ransomware to privacy events and litigation. Class action lawsuits alleging improper collection and sharing of personal information have increased, particularly in the healthcare sector. Insurers are closely monitoring these developments as the number of losses could impact their profitability. Some insurers are using exclusions related to data collection to avoid covering settlements and defense costs.
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