Insurance

The US Supreme Court’s recent decision in Dobbs v. Jackson Women’s Health Organization has presented many issues for sponsors of group health plans to contemplate as they decide whether and how to proceed with the offering and administration of abortion services. While each group health plan sponsor will need to consider its own objectives, plan populations and tolerance for risk,
this article provides a list which identifies factors that sponsors should address before taking any definitive action.

Learn how cyber-insurance can help protect businesses.

Most businesses see insurance premiums as a necessary expense. In a hard market, decisionmakers are often faced with accepting increasing premiums from insurance carriers even with minimal individual loss history. To reduce insurance premiums, businesses may shop around, increase deductibles, or worse, cut coverages. In fourth quarter 2021, commercial property and casualty premiums increased an average of 8.7% across all account sizes, with increases across all lines of business, including workers’ compensation coverage.

Captive insurance is often a solution that is overlooked because of anticipated complexity, the start-up costs and the commitment required to form a single parent captive, or concerns surrounding group captives and potentially paying for losses of companies with inadequate risk management.