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ACA Premiums Are Expected to Increase in 2024 Due to Rising Health Care Costs

Health care insurers are proposing a median 6% increase for Affordable Care Act (ACA) health plan premiums in 2024, according to a Kaiser Family Foundation (KFF) report. Rising prices for health care services and medications are a key driver for the proposed increase in 2024 ACA Marketplace premiums. While medical inflation tends to lag behind…

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Hurricane Preparation and Safety Tips for Businesses

According to the Congressional Budget Office, hurricane and tropical storm damages account for approximately $9 billion in losses to commercial businesses each year. Keep these tips in mind as we enter Hurricane season this year.

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How Artificial Intelligence Impacts Workplace Safety

Preventing workplace injuries and fatalities is crucial for organizations of all sizes and across sectors. Without safety initiatives in place, organizations could experience increased incident rates, higher workers’ compensation costs, reduced productivity levels and diminished staff morale. Fortunately, various technological solutions can help organizations mitigate potential hazards and protect their employees from harm.

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Understanding General Liability Coverage for Newly Acquired or Formed Organizations

As a business owner, you know the importance of protecting your company from potential risks and liabilities. When your organization acquires or forms new entities, it's essential to take into consideration how General Liability (GL) insurance can safeguard your interests during this transitional period. However, there are some critical nuances to be aware of, especially…

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Work Comp Insights

Workers’ compensation coverage is not only required in most states but also plays a major role in connecting injured employees to the care they need to return to work as quickly and safely as possible. That’s why it’s crucial for your organization to develop an effective workers’ compensation program.

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SEC Adopts Final Rules for Public Companies’ Cybersecurity Disclosures

On July 26, 2023, the U.S. Securities and Exchange Commission (SEC) published final rules to enhance and standardize how companies disclose cybersecurity risk management, strategy, governance and incidents. The rules apply to public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934. The final rules will become effective 30…

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Vehicle Theft on the Rise, NHTSA Report

The National Highway Traffic Safety Administration (NHTSA) reports that vehicle thefts in the United States are on the rise, with more than 1 million motor vehicles stolen in 2022—a 25% increase from previous years. In partnership with the National Insurance Crime Bureau, the NHTSA encourages all vehicle owners to be extra vigilant in their security…

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USCIS Releases New Form I-9

The U.S. Citizenship and Immigration Services (USCIS) announced a new version of Form I-9 that employers should use starting August 1, 2023.

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Marshall & Sterling Acquires The Hearn Agency and Jacksland Associates

The Hearn Agency is based in Canajoharie, NY, while its subsidiary Jacksland Associates is based in Johnstown, NY. The acquisition closed on June 1, 2023.

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Factors Driving a Hard Insurance Market and How to Respond

From an insurance buyer’s perspective, it can sometimes feel as if premium prices change on a whim. But the truth is that the insurance market is cyclical in nature, fluctuating between soft and hard markets.

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Why You Need Personal Umbrella Liability Insurance

An umbrella insurance policy protects you from a downpour—that worst-case scenario where you could lose everything in a lawsuit.

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OSHA’s Safe and Sound Week Scheduled for Aug. 7-13

Each year, more than 5,000 workers are killed on the job. Additionally, more than 3.6 million employees are seriously injured each year while at work. Because of this, the Occupational Safety and Health Administration (OSHA) holds a nationwide event each August called Safe and Sound Week, which promotes the importance of companies incorporating safety and…

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