Take note of recent HR-related news, stemming from governmental mandates and case law. The following are documented as bulletins in our online HR resources. Federal Bulletins FED #109 – Remote I-9 Form Verification ExtensionFED #110 – IRS Extends Form 1095 Distribution Deadline to March 2FED #111 – 2021 Wage Cap Rises Modestly for Social Security […]
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The Federal Housing Administration (FHA) last week published a proposed rule which would allow consumers the option to purchase private flood insurance instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by the FHA. Specifically, these changes would allow lenders to begin accepting private flood insurance policies for single-family
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As the number of COVID-19 cases rise, member agencies are reporting circumstances where an employee tests positive – or is exposed to (and possibly living with) someone who has COVID-19. Under either scenario, employers’ responsibilities under the paid leave provisions of the Families First Coronavirus Response Act (FFCRA) may come into play.For employers with fewer
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The events of 2020 “have put considerable added pressure on professional liability insurers,” according to AM Best. The agency just released Best’s Special Report, “Professional Liability Insurers Navigate Uncertain Terrain Amid a Pandemic,” which included a survey of underwriters.Per AM Best’s announcement, results from the survey include: Two-thirds of respondents placed the severity of COVID-19
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Meet Pennsylvania’s new annuities suitability training requirement with ease during our live, four-hour Annuities – Consumer Protection and Suitability webinar. Filed for 4 hours of Annuity CEs in Pennsylvania, Maryland, and Delaware, this webinar will be offered:Monday, Dec. 7 | 9:00 AM – 1:00 PM Register About The New Requirement As previously reported in Agent
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When placing business through brokers, they may refer to themselves as the “agent” and you as the “broker.” And they’re probably right. The adoption of the Producer Licensing statute around 2002-2003 generated a lot of confusion around basic terminology in our industry. That confusion lingers because of the way we use these terms and can
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If a lender requests a copy of the Replacement Cost estimate for a property on which they will provide a loan, should you provide it? The best practice would be not to comply. If you choose to do so, however, we would encourage you to take some precautions, as indicated below.First, let’s look at the
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The 2020 Travelers Risk Index found that 22% of business leaders surveyed reported that their company had been the “victim of a cyber event.” This marks the highest percentage since Travelers’ 2014 inaugural survey. And while those surveyed reported increased cyber concerns, fewer of them took risk mitigation steps than last year. Read more about
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As businesses, including independent insurance agencies, bring staff back into their offices, the concept of asking employees to sign a COVID-19 liability waiver is becoming more common. What is a Liability Waiver? When we conjure up the concept of a liability waiver, we typically think of a pre-event liability waiver. This is an agreement between
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Stay informed of the changing human resources landscape – and the case law, legislation, and regulations that alter it – by reviewing our HR Bulletins, a running tab of state and federal updates. Read more about these recent updates by visiting our HR Bulletin webpage and scrolling to the appropriate number. FED #24 – Joint
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