Choose A Category

Insurance Costs

Continue Reading
+

INSURANCE VALUATION CAUSING YOU HEADACHE? 4 TIPS TO ALLEVIATE THE PAIN

When it comes to purchasing or renewing commercial property insurance, ensuring correct property valuations is vital. It can make all the difference in providing sufficient protection and preventing coinsurance […]
Continue Reading
Continue Reading
+

Pay or Play Affordability Percentage Will Decrease for 2024

On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer’s plan under the Affordable Care […]
Continue Reading
Continue Reading
+

PROPERTY/CASUALTY MARKET REPORT – Q4 2022

Premiums increased for the 21st consecutive quarter in Q4 2022, with respondents reporting an average premium increase across all account sizes of 8.0%, down slightly from 8.1% in Q3 […]
Continue Reading
Continue Reading
+

2023 P+C Market Outlook

A Shifting Market Since 2019, the commercial insurance sector has been grappling with a hard marketplace—one that is particularly less friendly to insurance buyers. Such challenging conditions were brought […]
Continue Reading
Continue Reading
+

PROPERTY/CASUALTY MARKET REPORT – Q3 2022

Premiums increased for the 20th consecutive quarter in Q3 2022, with respondents reporting an average premium increase across all account sizes of 8.1%, up from the increase of 7.1% […]
Continue Reading
Continue Reading
+

REMINDER: PCORI FEES

Issue Date: November 2022  In Notice 2022–59, the IRS provided the adjusted PCORI fees for plan years ending in October 2022 through September 2023. Employers who sponsored self-funded medical […]
Continue Reading
Continue Reading
+

PROPERTY/CASUALTY MARKET REPORT – Q2 2022

Premiums increased for the 19th consecutive quarter in Q2 2022, with respondents reporting an average premium increase across all account sizes of 7.1%, compared to 6.6% in Q1. Nevertheless, […]
Continue Reading
Continue Reading
+

2023 “Affordability” Percentage

Issue Date: August 2022 In Revenue Procedure 2022-34, the IRS significantly decreased the affordability percentage from 9.61% to 9.12% for 2023. This percentage determines which applicable large employers may […]
Continue Reading
Continue Reading
+

Transparency Compliance: Machine Readable Files

Background Under the “Transparency in Coverage” Final Rule (TiC), issued in 2020 by the U.S. Department of Health & Human Services, U.S. Department of Labor, and U.S. Department of […]
Continue Reading
Continue Reading
+

PROPERTY/CASUALTY MARKET REPORT – Q1 2022

Premiums increased for the 18th consecutive quarter in Q1 2022, with respondents reporting an average premium increase across all account sizes of 6.6%. However, the rate at which premium […]
Continue Reading