Industry Updates

The new decade is starting off with a tsunami of new laws and regulations that will affect California businesses. Companies operating in California will have to be prepared for significant changes or open themselves up to potential litigation, fines, and other risks. Here’s what you need to know coming into the new year: 1. AB 5 The controversial AB 5 creates a …

Continue reading “Top New Laws and Regs Affecting Businesses – January 2020 RISK REPORT”

This new bill, commencing July 1, 2020, would expand those requirements to apply to large group health care service plan contracts and health insurance policies and would impose additional rate filing requirements on large group contracts and policies. On and after July 1, 2020, the bill would require a plan or insurer to disclose with …

Continue reading “New Bill affects Large Group Health Care Service Plan Contracts – In effect July 1st 2020”

One of our providers, Philadelphia Insurance Companies, conducted a new research study to examine how nonprofits purchase insurance and their primary challenges. A large number of nonprofits participated in the study, in fact almost 200. Here are some of the key findings of the report: Insurance providers are evaluated through referrals, talking to peers, and face-to-face …

Continue reading “For nonprofits: trends in insurance buying – challenges and opportunities”

Fascinating article on the latest trends we can expect to see in 2020. Here is the list. – Cellular beauty is here – Nutrition will be clear once and for all – Anxiety about our planet is on the rise – Downtime will become productive  – Digital detoxing – Sustainable packaging will be used by …

Continue reading “12 Health & Wellness Trends To Watch In 2020”

Never is it easy to transition Executive Director but you may be interested in reading the story of one E.D. and their transition. We enjoyed this story so much that we wanted to share it with you. Some of the thoughts mentioned in the article included: The critical elements to a successful E.D. transition include …

Continue reading “Transitioning your Executive Director? But how to make it a smooth transition?”

Gov.  Gavin Newsom has signed a measure into law that will greatly expand when employers are required to report workplace injuries to Cal/OSHA. The new law, AB 1805, broadens the scope of what will be classified as a serious illness or injury which regulations require employers to report to Cal/OSHA “immediately.” As of yet there is no effective date for this new …

Continue reading “CAL/OSHA REPORTING – New Law Changes When Injuries Must Be Reported”

Worker’s Comp Insurance rates will likely continue sliding in 2020 after California’s rating agency submitted its recommendation that the state insurance commissioner reduces the average benchmark rates by 5.4%. If the recommendation is approved, it will be the rate ninth consecutive decrease since 2015 (some years had two decreases), which has resulted in the average benchmark rate for all class codes falling a combined …

Continue reading “Workers’ Compensation – Bureau Recommends Further Rate Cut”

Starting in 2020,  the threshold for California employers to be  eligible for experience rating (X-Mod) has been reduced by order of the state insurance commissioner.  Commissioner Ricardo Lara in September approved the recommendations by the Workers’ Compensation Insurance Rating Bureau to lower thresholds for determining eligibility for experience rating and when a carrier needs to perform a physical audit of …

Continue reading “Workers’ Comp – New Experience Rating, Physical Audit Levels Set”

Governor Gavin  Newsom has signed a bill into law that will codify a court ruling from last year that set new ground rules for what constitutes an independent contractor, and which expands on that ruling. There’s been a lot written in the media about the law, AB 5, and much of it misses the point. Some news reports have said it will spell the …

Continue reading “New State Law Alters Employment Landscape”

As the full threat of hacking and cyber attacks takes old, cyber insurance policies are evolving so that the primary focus is on business interruption coverage. When these policies first hit the market, they were mostly focused on covering the costs of notifying individuals whose personal data or credit card information may have been exposed, and of any regulatory penalties and other …

Continue reading “Business Interruption Now Part of Cyber Policies – Coverage changes”