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New Guidance and Delayed Enforcement for Prescription Drug Data Collection (RxDC)

On the eve of the requirement for employer sponsored health plans and health insurance carriers to submit prescription drug cost reporting data, the Departments of Labor, Health and Human Services, and the Treasury (collectively, the Departments), issued new guidance, and provided a submission grace period through January 31, 2023.

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Paid Leave Oregon – Model Notice Posting Deadline and Tax Guidance

Parker, Smith & Feek would like to remind employers about the OR PFML requirement deadline that is approaching on January 1st, 2023. Employers who have workers in OR should be aware of this important deadline approaching.

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Markets in Focus :: Hotels & Casinos Q4 2022

The fifty most valuable hospitality brands lost almost a third of their value in 2021 due to the ongoing impact of COVID-19, but in 2022 financials are trending back toward their to a pre-pandemic pace.

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Property market outlook: Insurance rates rising for catastrophe-exposed properties

Rounding the corner of 2022 into 2023, the property market outlook is a little greyer. While we progressed through 2022 with slight decreases in rates, depending on the operations and geographic location, Hurricane Ian sent shock waves through the market.

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Markets in Focus :: Real Estate Q4 2022

Without question, the most significant insurance market impact of late 2022 was Hurricane Ian, with insured losses upward of $60B. Ian impacted the Southwest Florida coast on September 28, as a Category 4 hurricane with sustained winds of 115 mph and a storm surge of 10-15 feet.

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Markets in Focus :: Restaurants and Drinking Places Q4 2022

While the restaurant and drinking place sector struggled as a whole during the pandemic, the expansion of some specific service channels during this period softened the blow for some.

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Markets in Focus :: Technology Q4 2022

The AI market is projected to grow to a $190 billion industry by 2025 with global spending on cognitive and AI systems to reach over $57 billion in 2023. Read more from our latest Markets in Focus :: Technology report.

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Markets In Focus :: Cannabis Q3 2022

The cannabis industry continues to grow and attract attention from investors, manufacturers & researchers alike. Here’s what you should know as the cannabis market continues to change.

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Keeping Up With Clinical Risk Management:
Risk Controls to Consider Before Offering Ketamine-Assisted Psychotherapy Services

Ketamine is a phencyclidine analog that has been used as an anesthetic agent for children and adults for more than 30 years. However, it was not until the 2000s that medical professionals noticed its therapeutic benefits in reducing depression and suicidality.

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Potential Insurance Concerns for a Residential Construction Project

A new addition or renovation can increase your residence’s value and enjoyment of your home. However, considering that homes under construction have increased exposures to loss, insurance is an essential component that should be addressed early – before work begins.

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Markets in Focus :: Real Estate Q3 2022

Given the recent change in demand forces impacting urban/suburban real estate, mixed use projects have become popular once again due to their ability to improve tenant experience through walkability between housing, workplaces
and other amenities.

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