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Tag: insurance


Business Law & Regulations, Workplace Safety & Health

Tri-Agencies Finalize Rule on STLDI, but Kick the Can Down the Road on Fixed Indemnity and the Health Plan Tax Exclusion

April 11, 2024

Via: JD Supra

On March 28, 2024, the Departments of Labor, Treasury, and Health and Human Services (the “Tri-Agencies”) issued final regulations on short-term, limited-duration insurance (“STLDI”), hospital and other fixed indemnity insurance (“Fixed Indemnity”), and the taxation of accident and health plan […]


Business Law & Regulations, Workplace Safety & Health

Healthcare Cyber Insurance? Fortify Your Defenses

July 6, 2022

Via: JD Supra

Healthcare breaches, including ransomware attacks, continue to increase. As a result, many healthcare organizations seeking cyber coverage to help defray the costs associated with a ransomware attack or other data incident may find that carriers have increased premiums, reduced coverage, […]


Workplace Safety & Health

Patient billed about $230K for surgery after $1,300 estimate is protected by contract law, state supreme court says

May 25, 2022

Via: ABA Journal

Contract law protects a patient who was billed about $230,000 for surgery, despite being told that her cost after insurance would be about $1,300, the en banc Colorado Supreme Court ruled last week. The state supreme court ruled that the […]


Business Law & Regulations, Finance

Ohio’s Surprise Billing Law – Impact on Health Plans

April 19, 2022

Via: National Law Review

Ohio’s Surprise Billing Law, R.C. § 3902.51, became effective January 12, 2022, but its impact on health plans is still evolving. The law strives to prevent patients from receiving and paying surprise medical bills, specifically those stemming from unanticipated out-of-network […]


Business Law & Regulations, Workplace Safety & Health

How High-Deductible Health Plans Work

April 7, 2022

Via: Investopedia

An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance […]


Business Law & Regulations, Finance

20 Medical Expenses You Didn’t Know You Could Deduct

March 10, 2022

Via: Investopedia

Medical expenses add up quickly. If you, your spouse, or your dependents have had costly medical bills, hang on to those receipts—they could save you money at tax time. If you itemize your deductions at tax time instead of claiming […]


Know Your Rights

How To Insure An Unoccupied Property Following A Death

January 25, 2022

Via: Lawyer Monthly

If you are an executor handling the estate of a deceased person, one of your most important responsibilities will be ensuring that the deceased’s assets are properly protected including any unoccupied property. Dealing with an estate can prove overwhelming and […]


Business Law & Regulations, Employment & Labor

Former legal chief at Farmers Insurance awarded $150M in punitive damages in firing suit

December 20, 2021

Via: ABA Journal

The former legal chief for Farmers Insurance was awarded $150 million in punitive damages Thursday in a wrongful termination lawsuit claiming that he was wrongly blamed for a sex-bias suit filed by female attorneys. The punitive award for Andrew Rudnicki […]


Business Law & Regulations, Workplace Safety & Health

Electrician Liability Insurance: Cost & Coverage

October 7, 2021

Via: Fit Small Business

Electrician insurance refers to policies that protect against financial loss resulting from property damage, workplace injuries, income loss, and vehicle accidents in work trucks. Electricians may need multiple policies to provide full coverage but can save by using a business […]


Business Law & Regulations, Finance

Title insurance referral fee could become ‘greatest argument’ against self-regulation, says lawyer

August 16, 2021

Via: Law Times

Examination counsel (EC) fees, where title insurers pay real estate lawyers a rebate on the client’s premium in a home or condo purchase, are illegal, are driving down legal fees and pushing up insurance premiums and could become a potent […]


Tax Code, Regulations and Guidance

Climate Change and State Insurance Regulation: What Could Change After President Biden’s May 20 Executive Order

May 27, 2021

Via: National Law Review

US President Joe Biden’s May 20, 2021, executive order laid out an aggressive, whole-of-government plan to address climate change risk, including a set of directives that will have a major impact on the operations of the federal government and on […]


Business Law & Regulations, Finance, Tax Code, Regulations and Guidance

Kansas Workers’ Compensation: Laws, Providers & Costs

February 12, 2021

Via: Fit Small Business

Kansas law requires employers to maintain workers’ compensation insurance if they have at least $20,000 in payroll a year. This no-fault insurance protects employees who get injured while performing work-related duties. In Kansas, workers’ compensation insurance costs an average of […]


Business Law & Regulations, Finance, Tax Code, Regulations and Guidance

Kentucky Workers’ Compensation: Laws, Providers & Costs

February 10, 2021

Via: Fit Small Business

Kentucky law is pretty clear. If you have one or more employees, you are required to obtain workers’ compensation insurance to pay medical benefits and lost wages if an employee gets hurt on the job. The average cost of a […]


Business Law & Regulations, Finance, Tax Code, Regulations and Guidance

Oklahoma Workers’ Compensation: Laws, Providers & Rates

February 8, 2021

Via: Fit Small Business

The Oklahoma Administrative Workers’ Compensation Act mandates that nearly all Oklahoma employers provide workers’ compensation insurance to their employees. This law includes both full-time and part-time workers. On average, Oklahoma employers can expect to pay $1.21 per $100 of payroll […]


Business Law & Regulations, Finance, Tax Code, Regulations and Guidance

Alabama Workers’ Compensation: Laws, Providers & Costs

February 4, 2021

Via: Fit Small Business

In Alabama, state law requires employers carry workers’ compensation insurance when they have five or more employees. This insurance provides medical benefits and covers partial lost wages if an employee is injured while on the job. Alabama employers can expect […]


Business Law & Regulations, Workplace Safety & Health

What Does Workers’ Compensation Insurance Cover?

January 28, 2021

Via: Fit Small Business

Most business owners know that workers’ compensation insurance covers employees when they’re injured on the job. However, they may not know that policies in almost every state also pay their legal fees if an employee decides to sue for their […]


Business Law & Regulations, Workplace Safety & Health

Indexed Universal Life Insurance: Pros and Cons

January 26, 2021

Via: Investopedia

Indexed universal life (IUL) insurance policies can help you to build wealth while leaving behind a death benefit for your loved ones. These policies put a portion of the policyholder’s premium payments toward annual renewable term insurance with the remainder […]


Know Your Rights

BI Insurance Update – FCA Publishes Draft Guidance on Proving the Presence of COVID-19

December 15, 2020

Via: National Law Review

At the end of last week, the FCA announced that it had commenced a consultation exercise on a piece of draft guidance it has prepared to assist policyholders, insurers and insurance intermediaries to prove the presence or otherwise of COVID-19 […]


Business Law & Regulations, Finance

5 Most Common Questions Asked About Renter’s Insurance

November 16, 2020

Via: Lawyer Monthly

You’ve worked hard and got yourself a good job in a fairly good neighbourhood. You’re finally started saving and paying off your student debt. You have a pet, healthy social interactions and life is good. All you need is a […]


Business Law & Regulations, Workplace Safety & Health

Colorado Passes Paid Family and Medical Leave Insurance Program

November 5, 2020

Via: SHRM

Colorado voters passed Proposition 118, creating paid family and medical leave obligations for all employers in the state. This initiative mandates that employers provide 12 weeks of leave for Colorado employees, plus an additional four weeks in case of medical […]