Washington state implemented the first public Long-Term Care (LTC) option* funded through a new payroll tax, and other states are looking to mandate a similar plan. California, which is leading the next wave of publicly funded LTC options, may only give employers 24 hours to comply and is expected to…

A surety bond is nothing more than a third-party guarantee of an obligation between two other parties. The majority of surety bonds guarantee performance of a contract and/or payment of monies legally owed to others. Sounds pretty simple, right? Well, not really. When we are asking a surety company to…

Lacy Rex of Oswald Companies and Steven G. Stransky of Thompson Hine recently published on Law360 an article, “Preparing For New Mandatory Cyber Reporting Rules,” which can be accessed in full here. On March 15, 2022, The Cybersecurity Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) was signed into…

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…