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There's a LOT to know about insurance. So, whether you've got a specific question or just want the 411 on what we do, click around on the articles below.
Ransomware Attacks Rising Again
There has been a significant ransomware resurgence in 2023, with the number of victims in March 2023 nearly double that of April 2022 and 1.6 times higher than the peak month of 2022, according to the Ransomware Threat Landscape 2023 report from Black Kite.
Rising Workers’ Compensation Expenses Linked to Facility Services Costs
A report from the National Council on Compensation Insurance (NCCI) examining countrywide medical cost trends revealed that health care facility services costs accounted for 40% of workers’ compensation expenses during 2021 and increased by an average of 3% throughout the past decade.
Preparing for the DOL’s New Overtime Rule
In its spring regulatory agenda, the U.S. Department of Labor (DOL) shared that it intends to issue a proposed overtime rule in May 2023. According to the regulatory agenda, this proposed rule is expected to address how to implement the exemption for executive, administrative and professional employees (EAPs) from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime requirements.
De-escalation Techniques for Camper Conflicts
When working as a camp counselor, you will likely encounter youth campers of various ages. And whether these campers are toddlers or teenagers, there’s always a possibility for conflicts to arise. Depending on campers’ developmental stages, such conflicts could be triggered by disagreements with others, difficulties adjusting to new environments or general feelings of discomfort (e.g., hunger and fatigue).
Recognizing and Responding to Allergic Reactions
Nearly 50 million people across the United States have an allergy of some kind, according to the American Academy of Allergy, Asthma and Immunology. As such, allergic reactions are a significant threat at any summer or day camp. While some reactions are accompanied by minor symptoms, others can be life-threatening.
Conducting a Skills Gap Analysis
Many employers experience a growing need to upskill or reskill their workers to address talent shortages. As such, a skills gap analysis can be an important tool to drive and shape workforce planning. Such an analysis sheds light on talent opportunities and allows employers to examine and optimize business priorities.
Report: Employee Satisfaction With Benefits Falls to New Low
A recent study from Metlife found that an increasing number of employees feel they are not receiving the benefits they need from employers. Employee satisfaction with benefit offerings has fallen to 61% in 2023 from 64% in 2022, reaching its lowest point in the past decade of the study’s history.
The Benefits of Direct Primary Care for Employers
Having a primary care physician is one of the most important things an individual can do for their health, as it helps ensure they receive regular check-ups, aids in preventive care and allows for intervention before more intensive treatment is required. However, according to a recent study by nonprofit organization Kaiser Family Foundation, 17% of women and 28% of men in the United States don’t have a primary care physician.
The Difference Between Mental Health and Mental Illness
May is Mental Health Awareness Month, a national campaign designed to raise awareness about mental health issues and reduce the stigma surrounding mental illness. Mental health issues and mental illness are common. According to the National Institute of Mental Health, nearly 60 million U.S. adults lived with mental illness in 2021.
Study: Workers’ Top Priorities Revealed
A recent survey conducted by Forbes Advisor found that nearly 40% of employers reported that employees leave their jobs to find an opportunity that offers better employee benefits. A higher salary is an important reason employees reported leaving their jobs (32%), yet other reasons, including better benefits (26%), better advancement opportunities (22%) and flexible work-from-home options (20%), are also driving factors.
8 Tips for Creating an Inclusive Culture to Attract and Retain Employees
Employers struggling to attract and retain workers may be overlooking a leading driver of turnover: inclusion. In fact, nearly 40% of American employees would switch jobs to be part of a more inclusive workplace culture, according to a survey by QuestionPro Workforce and EQ Community.
Report: Over a Third of Workers Have Considered Leaving Jobs Due to Lack of Family Benefits
A recent survey from Maven found that 87% of surveyed employers believe family benefits are highly valued by employees. The survey consisted of 1,100 employees and 600 HR professionals. According to the findings, nearly two-thirds of employers plan to expand family benefits offerings within the next three years.
Considerations for Buying an Electric Vehicle
Electric vehicles (EVs) have electric motors instead of internal combustion engines and batteries instead of gasoline tanks. They produce no tailpipe emissions and can be charged with renewable energy (e.g., wind or solar). An EV may be the right choice for drivers looking to lower their fuel costs.
Understanding the Talent Trend of Rage Applying
“Rage applying” is a term used to classify the act of abruptly looking for jobs in mass due to current job dissatisfaction. This growing trend is most prevalent amongst Generation Z, as they’re searching to have their needs met by employment more than the previous generations.
Study Shows Mortality Rate for Children in U.S. Rose in 2020 and 2021
A recent study conducted by the Employee Benefit Research Institute (EBRI) found that retirees will need to have hundreds of thousands of dollars in savings to cover Medicare costs. Such costs include premiums, deductibles and prescription drug expenses—essentially any costs that could be out-of-pocket for Medicare beneficiaries.
Virtual Second Opinions
There may be a time in employees’ lives when they receive a medical diagnosis or feedback they feel uncertain about. Second opinions allow patients facing medical challenges to seek additional medical information on their condition, which can provide clarity and other treatment options available.
Personal Lines Insights | May 2023
Your credit score can play a significant role in your financial well-being. Many financial institutions will look at your credit score when you apply for a loan, a mortgage or a credit card. A low credit score could make it more difficult for you to borrow money or open a credit card account. It could also contribute to higher interest rates and higher insurance premiums.
Managing Cyber Risks in a Down Economy
To help minimize growing inflation concerns that have spanned across industry lines over the past few years, the Federal Reserve (Fed) has steadily been hiking up interest rates. Economic experts predict the Fed’s efforts will eventually pay off in 2023, with inflation issues subsiding throughout the year.
What To Know During Mental Health Awareness Month and Beyond
Your mental health includes how you think, feel and act, as well as your emotional and social well-being. Mental health can change over time, depending on factors like workload, stress and work-life balance.
Talent Rediscovery as a Recruiting Strategy
Finding the right talent for your organization can be challenging, especially as the needs of both employees and employers shift due to increased costs of living, for example. To remain competitive, recruiters must get creative to find talent.