This Weekly Market Update reviews the top 3 market headlines: Saudi Crackdown Sends Oil Higher; Eurozone Growth Prospects Rise; Americans Feel It’s a Better Time to Sell a Home
41 - 50 of 1720 items
Our Technical Bulletin includes a high level overview of the 2017 developments that affect employer-sponsored health plans, several year-end reminders, a look at what’s ahead, action steps, and information about additional resources.
A publicly traded, multi-national manufacturer had worked with a global insurance brokerage for the past 20 years. Recent personnel changes at the broker prompted the client to interview other insurance brokers.
We contacted a print and business forms manufacturer who had a long-standing relationship with their underwriter to discuss their recent insurance program renewal. During the discussion we learned that the client’s premiums were high and the client also expressed frustration that the billing was inconsistent.
A 30+ year client of the firm hadn’t had a complete market analysis evaluation done in almost four years. After laying out our approach and process to handling the analysis, they agreed that no other brokerage firm could sell them to the marketplace as well as Gallagher.
A growing agricultural equipment manufacturer wanted to review their risk management program. During our discussion we learned the client had a 22- year relationship with a local, small town broker who had co-brokered their current program with a direct writer.
A local machine job shop had been with a direct writer for over 20 years. They hadn’t done a complete market analysis in three years.
A supplement and protein manufacturing company was going through a producer contact change. In addition, their insurance program, while with the correct market, was increasing in premium annually at a steady 4%. With few carrier options in the industry, based on their operations and exposures, they thought a firm, with national market leverage, could provide them a better renewal program moving forward.
Arm yourself with the insights, knowledge and skills you need to keep your organization among the ranks of the top global employers – today, and in the future. Join us at IBIS Academy, the premier conference for global HR & benefits professionals to learn, grow and share.
PPACA requires that group health plans and health insurance issuers offering nongrandfathered group health insurance include coverage of certain specified preventive services without cost sharing, including all Food and Drug Administration (“FDA”) approved contraceptives, sterilization procedures, and patient education and counseling for women with reproductive capacity, as prescribed by a health care provider (the “contraceptive mandate”). However, coverage of some or all contraceptives may conflict with an organization’s moral convictions. To accommodate those employers, the Departments of Labor, Health and Human Services, and Treasury (the “tri-agencies”) issued guidance setting forth some relief from the contraceptive mandate. This article spotlights the most significant PPACA issues raised by the exemption and accommodation process for organizations with objections based upon sincerely held moral convictions to the contraceptive mandate.