From the perspective of a plan’s named fiduciary and sponsor, the rationale for whether, why and what to outsource may differ depending on several factors. These factors may affect the interests of not only the plan’s governing body and sponsor, but also its participants and beneficiaries, the U.S. Labor Department and the outsourcing firm itself.
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2014 was a busy year for employers, and unfortunately, 2015 looks to be just as challenging as employers work to comply with numerous new regulations impacting employee benefits. The volume of regulations and the amount of compliance information that employers must track can at times feel a bit overwhelming. For that reason, Arthur J. Gallagher has developed its Critical Care for Compliance series to help employers identify the crucial compliance concerns for 2015. Will your organization be able to maintain good compliance health for its employee benefits programs as you face these critical concerns in 2015?
An insurer’s reservation of rights letter contained language stating there was no coverage for punitive damages as a matter of public policy. The insured asked Gallagher’s Management Liability team to assist in getting a favorable resolution. While even law firm summaries of the 50 states and their positions on punitive damages state that punitive damages are not insurable in the state in question, no legal support could be found to corroborate that position.
The insured bank was sued by a man claiming that the bank had assisted a charlatan in defrauding investors by lending the fraudster money and supporting his shady businesses. Because of the bank’s support, the plaintiff wrongly believed the charlatan was legitimate and was induced into investing. What was the bank management or board's exposure?
This document provides an overview of the major recordkeeping concepts and to aid in ensuring your records are accurately tracked and managed. The OSHA 300 Log is required for this. Within 7 calendar days after you receive information about a case, you need to determine if the case is recordable under the OSHA recordkeeping requirements.
Healthcare leaders and organizations around the country continue to closely monitor recommendations from the (Centers for Disease Control) CDC and actively plan training programs in response to the Ebola threat. An important step in this process is to ensure healthcare teams are actively managing and maintaining the resources and systems we have designed into our facilities to manage these risks. This paper will offer recommendations for such considerations.
With the New Year comes another year of enhanced OSHA enforcement and new OSHA regulations. This article addresses OSHA’s current and upcoming enforcement initiatives and trends, and OSHA’s new recordkeeping obligations and the implications based on the same - all of which will affect employers in the coming year. This includes OSHA’s enforcement initiatives, General Duty Clause, multi-employer worksite doctrine, temporary employees and false certifications. New recordkeeping regulations
Our Risk Management Strategies Webcasts – Global Series was so popular that we’ve collected them in one convenient place for replay at your convenience, on-demand 24/7/365. Click each Gallagher logo on the PDF or the webcast title hyperlink to replay the webcast of your choosing.
'Twas the week before Christmas, when all through the markets not a creature was stirring, not even the Energy Sector. As 2014 comes to a close, energy stocks posted major losses, but institutional investors should still believe. Our Weekly Market Update examines the most recent data.
Donald L. Blankenship, the former chief executive of Massey Energy Co. was recently indicted on federal charges stemming from the 2010 coal mine explosion which killed 29 miners at its Upper Big Branch mine. The Mine Safety and Health Administration (MSHA) concluded that safety violations (Massey was cited for 369 violations) contributed to the coal dust explosion. How can an energy company best protect it's mine workers while protecting itself and its directors in these situations?