insurance
February 20, 2025
Employers Must File ACA Returns Electronically by March 31, 2025
The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. Under the original rules, any reporting entity that was required to file at...
February 18, 2025
Common Exposures for Personal Lines Clients
Personal lines insurance can be a crucial aspect of financial planning that offers individuals and families financial protection against various risks. Personal insurance refers to a range of policies aimed at safeguarding individuals and their families from financial setbacks caused by unforeseen events. This type of insurance encompasses policies such as auto, home, renters and...
February 13, 2025
Navigating Cybersecurity Challenges in the Manufacturing Industry
The manufacturing sector has experienced rapid technological advancements over the past few years. Innovations like artificial intelligence (AI), smart machinery, equipment monitoring software, digital sales systems and analytics platforms continue to reshape the industry. Although the technological advancements provide several benefits, they also present additional cybersecurity exposures. They expand the attack surface for cyberthreats, and...
February 6, 2025
Real Estate Industry Trends to Watch in 2025
The real estate sector consists of two categories: habitational and commercial. Habitational real estate pertains to residential properties, whereas commercial real estate refers to buildings utilized for business activities. This industry plays a key role in the economy, providing individuals with comfortable places to live and equipping businesses with adequate spaces to conduct their operations....
January 23, 2025
Manufacturing Industry Trends to Watch in 2025
The manufacturing industry plays a critical role in driving economic growth, producing a diverse range of goods essential to global markets. In recent years, this sector has seen significant expansion fueled by increasing production demands and legislative initiatives offering funding and tax incentives. In fact, professional services firm Deloitte reported that construction spending in manufacturing—funds...
January 21, 2025
Inflation Rose in December 2024 As Expected
The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) rose 2.9% year over year in December 2024, up from 2.7% in November. This figure matched economist expectations and was likely impacted by seasonal factors, including gas, food and vehicle prices. The “core” CPI, which strips out the unpredictable food and energy...
January 16, 2025
Preventing Theft and Vandalism for Small Businesses
Theft and vandalism pose significant risks to small businesses across all industries. These incidents can lead to financial losses, property damage and operational disruptions. Given these potential consequences, business leaders must take steps to safeguard their organizations. Theft and vandalism can affect a small business’s finances and operations, so business leaders should take steps to...
December 3, 2024
Stable Outlook Continues for the U.S. Commercial Lines Market
“Persistently strong” underwriting performance and solid investment returns prompted a continued stable outlook for the U.S. commercial lines sector, according to a market segment report from AM Best. “Our expectation is that the U.S. commercial lines segment will remain profitable in the aggregate and will be resilient in the face of near- and longer-term challenges,”...
November 19, 2024
The Role of Coinsurance and Sublimits in Cyber Insurance
Cybercriminals increasingly use sophisticated methods to infiltrate businesses’ computer systems and networks, putting sensitive data and personally identifiable information at risk. With cyberthreats evolving in scope and complexity, businesses of all sizes and industries face potentially devastating financial and reputational damages. To manage these risks, leaders should adopt robust cyber defenses and follow cyber hygiene...
October 24, 2024
Preventing the Top 4 Construction Hazards
Construction is one of the most hazardous industries in the United States. Many injuries on construction sites are caused by falls, struck-by incidents, caught-in-between incidents and electrocutions. The following are basic safety tips for avoiding these hazards and remaining injury-free: Preventing Falls Preventing Struck-by Incidents Preventing Caught-in-Between Hazards Preventing Electrocutions For more information, speak to...