August 29, 2024
Signs of softened P&C market conditions were evident in Q2. Average increases for all account sizes averaged 5.2%, down significantly from Q1 2024’s 7.7%.
May 24, 2024
Almost all lines of business recorded premium increases that were flat or lower than the previous quarter, suggesting further moderation in Q1 2024.
March 7, 2024
Average premium increases among all lines of business decreased for the third consecutive quarter, coming in at 7.0%, the lowest since Q1 2022 (6.6%).
December 14, 2023
CAA prohibits group health plans and health insurance carriers from entering into agreements with providers, TPAs, or other service providers that include language that would constitute a “gag clause.” Plans and issuers must annually submit an attestation of compliance with these requirements. The first attestation is due December 31, 2023.
December 7, 2023
Already in 2023, there have been more extreme events in America that cost at least $1 billion, exceeding the 2020 record. Catastrophes, the mounting costs of building materials and four other driving forces are increasing the cost of property insurance.
December 5, 2023
According to CIAB's Q3 2023 Market Survey, respondents reported an average increase among all lines of business of 8.1%, slightly down from 8.9% in Q2 and 8.8% in Q1.
November 1, 2023
The importance of cybersecurity cannot be understated. 47% of American adults have had personal information exposed due to a cyber incident.
October 25, 2023
When it comes to employee benefits, proper communication helps employees recognize the true value of their benefits, which can lead to an appreciation of the company’s investment in their health and well-being.
October 25, 2023
Learn how employers can kick off open enrollment efforts, including offering competitive benefits to meet workforce needs, crafting employee messaging and effectively communicating benefits offerings.
October 25, 2023
There are many advantages to selecting an HDHP/HSA option at open enrollment time. However, many employees may not be aware of these advantages or understand how the HSA rules apply to them.
October 25, 2023
When transitioning from fully insured to a self-insured health plan, the employer takes on more financial risk and responsibility, including compliance changes, in exchange for added transparency and flexibility.
October 25, 2023
The IRS has again significantly decreased the affordability percentage from 9.12% in 2023 to 8.39% for 2024. As a result, many employers may have to substantially lower their employee contributions for 2024 to meet the adjusted percentage.
October 19, 2023
When faced with workplace emergencies that pose a threat to the safety of employees, having a well-prepared emergency evacuation plan is essential to ensure a smooth and successful evacuation.
October 19, 2023
The DOL recently made public its intention to modify OSHA's construction PPE standard. The revision intends to emphasize that PPE must properly fit each employee to protect them from occupational hazards.
October 19, 2023
Having contractors' E&O insurance is essential for general contractors, as it safeguards their businesses and reputations. Contractors' E&O insurance provides liability coverage for trade contractors, such as carpenters, electricians, painters, plumbers, and HVAC technicians, for damages resulting from unintentional faulty workmanship.
September 28, 2023
The secret to a smooth and successful open enrollment? Early and frequent communication. We've put together an ideal enrollment timeline to set you up for your best open enrollment yet.
September 12, 2023
The IRS published adjusted 2024 HSAs and HDHPs. We compare the changes from 2023 to make it easy for you to understand the new limits.
August 29, 2023
Factors such as high interest rates, increased settlements and severe weather events have taken a toll on the insurance market resulting in a "hard market."