Highlights of Pennsylvania’s COVID-19 Relief Bill
Read how the $912 million bill will allocate federal stimulus dollars and transfer money from the Workers Compensation Security Fund.
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Pennsylvania
Workers’ Comp Rates to Decrease Slightly Overall
The Insurance Commissioner approved the Pennsylvania Compensation Rating Bureau’s April 1, 2021 loss cost filing as submitted.
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FHA, State Lawmakers Eye Flood Insurance
The federal and state government have their eyes on the flood insurance market, and your government affairs teams are involved in these proposals, advocating on behalf of agents and their clients. Federal Update Your federal government affairs team – the Big “I” – submitted comments recently in support of a new rule proposed by the
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NY Cybersecurity Filing Deadline
Non-resident agencies and individuals have until mid-April to submit their annual certificate of compliance with the New York Cybersecurity Regulation.
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Member Agency Targeted by Scam
A scam targeting Pennsylvania businesses has reappeared, after first catching the Department of State’s attention in June 2015. Just last week an IA&B member agency received a solicitation from the “Pennsylvania Council for Corporations” – a fictitious organization requesting targeted companies to file information and send a payment of $150. If your agency receives communication
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Can You Mandate Employee Vaccination?
Now is the time to consider a workplace vaccination program, as COVID-19 vaccine distribution ramps up.
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W-2s May Need Correction
The IRS is reminding employers of the new requirement to report wages paid for leave taken under the Families First Coronavirus Response Act (FFCRA) on employees’ W-2 forms. W-2s, which must be provided to employees by Jan. 31, can be corrected if they’ve already been issued. The IRS issued specific guidance on how employers are
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Report IDs State Regulators’ Strengths, Weaknesses
Pennsylvania, Maryland, and Delaware all held steady grades from 2019 to 2020 in the R Street Institute’s Insurance Regulation Report Card. The annual report looks at restrictions on consumers and insurers, as well as “how effectively are states discharging their duties to monitor insurer solvency and foster competitive, private insurance markets?” Pennsylvania maintained a B
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New York to Go Paperless for Disability Policies
Licensees conducting business in New York should expect to receive notification directly from the New York State Insurance Fund (NYSIF) that, effective Feb. 28, 2021, it plans to discontinue its practice of mailing paper copies of New York State Disability Benefits Law (DBL) insurance policies and bills to insurance agents/brokers. It is IA&B’s understanding that
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Pennsylvania Exemption Wage Threshold vs. Federal
There are differences between Pennsylvania and federal overtime requirements.
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