From the monthly archives: April 2016
Managing your company’s fidelity or employee dishonesty claim is a challenge. The process can be part insurance claim, part investigation and part financial audit. Most claims also involve human resources (HR) and legal considerations surrounding employee rights and termination, and they may necessitate referral to law enforcement or legal proceedings for civil recovery. For even the most experienced risk management teams, proper and timely claim submission requires careful deliberation and technical know-how. Continue reading
As of Jan. 1, 2016, Hulsey reminded the audience, employers of 50 or more full-time equivalent (FTE) employees are required to provide health insurance to at least 95% of their employees or face a penalty. One key issue for employers is that many federal government entities are auditing small businesses with little to no coordination… Continue reading
Microsoft Corp. has sued the U.S. government for the right to tell its customers when a federal agency is looking at their emails, the latest in a series of clashes over privacy between the technology industry and Washington. Continue reading
Many doctors’ offices are open only on weekdays and during business hours. This also happens to be when most adults work and when children attend school. A 2010 survey of 11 countries found that Americans seek out after-hours care or care in a hospital’s emergency room more often than citizens of almost any other industrialized nation. More than two-thirds of Americans with a below-average income did so. But this isn’t just a problem for the poor. About 55 percent of those with an above-average income did so as well. Continue reading
In the high-risk manufacturing sector, where large-dollar claims are common, small to middle-market companies struggle to find experienced partners capable of providing targeted risk control and effective techniques to lower loss results and reduce the effect on the total cost of risk. Here are four tactics industrial companies can implement to reduce the cost of claims. Continue reading
As your small business evaluates health insurance, understanding cost is an important input. The cost of health insurance depends on a few factors such as: the type of health insurance purchased (ex: group health insurance or individual health insurance), the carrier and plan selected, your location, and your age (or employee census). This article breaks down the average cost of health insurance by state for two different small business approaches 1) individual health insurance with a defined contribution, and 2) group health insurance. Continue reading
Major carmakers want U.S. auto insurance companies to help persuade millions of American car owners to get recalled vehicles fixed.
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The public health insurance exchange population likely will continue to be characterized by members who are sicker and costlier than people covered by group health plans, but sources say most health insurers are in it for the long haul. Continue reading
