DOL Updates Model Employer CHIP Notice The U.S. Department of Labor (DOL) has released a new model Employer Children’s Health Insurance Program (CHIP) Notice with information current as of March 17, 2025. As a reminder, the Children’s Health Insurance Program Reauthorization Act of 2009 (CHIPRA) imposes an annual notice requirement on employers that maintain group … Continued
The only way to effectively protect the assets of your business is to carry adequate commercial general liability (CGL) insurance coverage. CGL protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable. What Does CGL Cover? A typical CGL policy provides coverage for … Continued
The Rise of Voluntary Benefits As healthcare costs increase, so does the demand for voluntary benefits. These optional benefits allow employees to select and pay for additional perks to meet their individual needs, especially in today’s diverse workforce. They’re also a valuable supplement to health insurance, particularly as healthcare expenses rise and affordability becomes a … Continued
Auto Company to Pay $2.5 Billion After Fatal Rollover—Product Liability A Georgia federal jury has ordered an American auto company to pay $2.5 billion to the family of a couple who died when their “Super Duty” truck rolled over in 2022. When the driver had a cardiac event, the truck struck a driveway drainage culvert … Continued
Experts are predicting a slowdown in rate decreases in the directors and officers (D&O) market for 2025, and newly public and mature companies may experience gradual premium increases moving forward. There’s general concern that price decreases have gone too far and may not be sustainable in the long term, necessitating market correction. What’s more, several … Continued
Life sometimes throws you a curveball. You might sprain an ankle playing soccer, need surgery, or experience a difficult pregnancy. These situations can temporarily prevent you from working and earning an income. That’s where short-term disability insurance comes in. It acts as a financial safety net, providing income replacement while you recover and get back … Continued
The U.S. property and casualty insurance industry improved its underwriting results in 2024 despite “significant” insured catastrophe losses, reducing its net underwriting loss to an estimated $2.6 billion, according to a recent report from AM Best. Despite the net loss expected, 2024’s results mark a “steep improvement” from the more than $24 billion underwriting loss … Continued
Financial stress is a silent epidemic plaguing workplaces everywhere. It impacts employees at all levels, leading to decreased productivity, lower morale, and increased absenteeism. But there’s good news: employers hold the key to building a financially healthy workforce. Stress and Financial Well-Being Cultivating your employees’ financial well-being is a necessity in creating a productive and … Continued
In a business landscape that increasingly prioritizes corporate accountability, directors and officers face numerous risks in carrying out their corporate duties. Whether a public, private or nonprofit organization, no company is immune from litigation arising out of the management decisions of its boards. Although directors and officers liability (D&O) insurance can provide coverage for “wrongful … Continued
At the close of 2024, Congress passed two new pieces of legislation: the Paperwork Burden Reduction Act and the Employer Reporting Improvement Act. These laws simplify the Affordable Care Act (ACA) reporting requirements for employers and introduce new limits on the IRS’s authority to enforce “pay-or-play” penalties, among other changes. Under the ACA, applicable large … Continued
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA www.finra.org / SIPC www.sipc.org, to residents of: DC, FL, MD, NJ, NY, OH, PA, SC, TX, CA, CO, GA, and OK. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Webber Advisors and the Leavitt Group are not affiliated with Cambridge. Fixed insurance and benefit services are not offered through Cambridge.
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