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While the hard market is not over, and areas of immediate concern certainly exist, there are signs of relief on the horizon. While rates increased across the board to close out 2021, price hikes were less severe than those observed earlier in the hard market cycle. These positive trends have…

Long-term Care (LTC) Insurance has existed for decades however it is becoming more prevalent for a few reasons: Baby boomers are finding out that once you need the coverage, it’s too late. Disqualification occurs if an individual has a debilitating condition, or is over the age of 75. Funding for…

Within the last 24-36 months, we have experienced an environment of rising rates and premium due to: -Billions in losses stemming from catastrophic losses and natural disasters -Decreased carrier investment returns caused by low interest rates -Increased re-insurance rates -Uptick in underwriter scrutiny of renewal submissions The global pandemic has…

As the world watches the Russian invasion of Ukraine unfold, a close eye should be kept on a different kind of battlefield as well; cyberspace. While we have long known the capabilities of Russian cybercriminal groups, the lines between state-sponsored and independent criminal actors are beginning to blur. For example,…

During these unprecedented times, the challenge of managing the ever-increasing cost of health insurance has become more difficult. Employers should consider implementing risk management strategies that can help to avoid potential claims that drive health insurance costs. This strategy requires employee access to information, education, and personal assistance regarding affordable personal…

Over the last decade, more offices have added wellness programs to their corporate lineup which may include walking paths around office campuses, workout rooms, and even regular nutrition and health “Lunch and Learns.” In fact, the workplace is doing more disease prevention and wellness than just about any other entity…

According to the U.S. Bureau of Labor Statistics, a startling 4.5 million people—the highest number ever recorded—voluntarily left their jobs in November 2021. From your local fast-food restaurant to manufacturing shops and the library down the street, it seems like every business, regardless of industry, size, or location, is hurting…

At some point in our lives we have all heard the saying, “Do what you love, and you’ll never work a day in your life.” The person uttering those words has likely already achieved some form of financial or personal freedom and is at a different stage of their life…

Health insurance companies offer Wellness Dollars to their members to help promote employee health and well-being. Healthier employees drive improved productivity and lower medical costs. These dollars are frequently used for programs such as smoking cessation, weight loss programs, fitness challenges and/or exercise equipment. Many health insurance companies have recognized…

Oswald Companies was a featured contributor in the Crain’s Cleveland Custom Content: ACG 2022, January 2022. In the article titled “Avoid Closing Pains by Addressing HR, Benefits Issues,” Brian Stovsky, Business Development Leader, Private Equity at Oswald Companies, discusses the importance of making employee benefits a key focus as M&A…