Articles
Damage to Existing Property – Which Policy to Use?
Thursday, January 7, 2021
Property that exists at the site prior to the commencement of a construction project, such as the building and personal property in the building, is referred to in the insurance world as “existing property.”
Additional Sections 125 and 129 Flexibility Included in COVID-19 Relief Legislation
Wednesday, December 23, 2020
In the recently passed COVID-19 relief legislation, Congress included several temporary changes to Section 125 and 129 rules that provide additional reimbursement and election change flexibility for plan participants.
Significant Benefits Issues in New COVID-19 Relief Legislation
Wednesday, December 23, 2020
The COVID-19 relief bill recently passed by Congress contains several important employee benefit-related provisions, including restrictions on “surprise medical bills,” new plan and health cost reporting rules, and additional flexibility for participants of health flexible spending accounts (HFSAs) and dependent care assistance programs (DCAPs).
Lessons Learned from 2020 Healthcare Breaches
Thursday, December 17, 2020
As technology advances, patients are becoming increasingly active partner 2020 has been a remarkable year full of challenges never before faced, testing our persistence and endurance to carry onward.
COVID-19 Business Interruption Litigation Update
Wednesday, December 16, 2020
Following the onset of the COVID-19 pandemic and the various versions of shutdown orders that followed from state governments in March 2020 many hospitality businesses filed business interruption claims with their respective carriers.
Group Health Plan Coverage of COVID-19 Immunizations
Monday, December 14, 2020
As official approval from the Food and Drug Administration (FDA) is likely to be announced any day now for one or more vaccines, non-grandfathered group health plans must prepare to provide coverage for COVID-19 immunizations with no cost-sharing.
Tax-Favored Employee Benefit for Disaster Relief
Wednesday, December 9, 2020
As the COVID-19 pandemic continues, we are all acutely aware of its impact on employees and their families. On March 13, 2020, the pandemic was declared a national emergency. At that time, the door opened for tax-free assistance…
Updated PCORI Fees Released
Monday, December 7, 2020
In Notice 2020-84, the IRS provided the adjusted PCORI fee of $2.66 for plan years ending in October 2020 through September 2021. Employers who sponsored self-funded group medical plans ending sometime during this time are required to report and pay the ACA Patient-Centered Outcomes Research Institute (PCORI) fees annually.
Combustible Dust: The Big Risk of Small Particles
Wednesday, December 2, 2020
Combustible dust fires and explosions don’t show up in our newsfeeds very often, but they are catastrophic when they do.
2020’s Effect on an Already Hard Property Insurance Market
Friday, November 13, 2020
Numerous events and circumstances have led to a hardening insurance market for many coverage lines. Property insurance suffered from these effects more than other lines and faced additional challenges in 2020 with wildfires, hurricanes, and COVID-19.
Cybercriminals’ Newest Target: Manufacturers and Distributors
Tuesday, November 10, 2020
Because manufacturers and distributors don’t handle much consumer data (personally identifiable information), and many do not frequently transact credit card payments, there is a common misconception that they don’t have a bona fide cyber exposure.
Market Update: Marine Insurance
Tuesday, November 3, 2020
As if dodging the punches of a global pandemic isn’t hard enough, maritime operators and cargo shippers continue to take shots on the chin in the insurance marketplace, both in the U.S. and throughout Lloyd’s of London.
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