McDermott Will & Emery Employee Benefits

OCTOBER 17, 2023

Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government. appeared first on EMPLOYEE BENEFITS BLOG.

Pharmaceutical 88

Pharmaceutical Management Manufacturing Government 88

InterWest Insurance Services

MAY 26, 2023

PBMs are intermediaries, acting as go-betweens for insurance companies, self-insured employers, drug manufacturers and pharmacies. PBMs typically contract with both insurers (or self-insured employers) and pharmacies. CVS Caremark and UnitedHealth Group’s OptumRx are other major players.

Out of Pocket Cost 98

Out of Pocket Cost Manufacturing Insurance Medical 98

InterWest Insurance Services

FEBRUARY 8, 2024

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. There is a way to cut through this mess, but it requires asking tough questions of your insurer and/or the PBM.

Pharmaceutical 95

Pharmaceutical Management Insurance Commissions 95

InterWest Insurance Services

APRIL 4, 2023

This should bring a semblance of relief to companies located in wildfire-prone areas, who have seen their commercial property insurance non-renewed and who have been unable to find replacement coverage. Insurers have pulled back on underwriting commercial properties as well as homes in these areas. Raising rates significantly.

Manufacturing 98

Manufacturing IT Construction Insurance 98

InterWest Insurance Services

MAY 2, 2023

This should bring a semblance of relief to companies located in wildfire-prone areas, who have seen their commercial property insurance non-renewed and who have been unable to find replacement coverage. Insurers have pulled back on underwriting commercial properties as well as homes in these areas. Raising rates significantly.

Manufacturing 92

Manufacturing IT Insurance Construction 92

Workers' Compensation

MAY 1, 2024

The final rule prohibits the manufacturing, processing, and distributing of methylene chloride for most consumer and industrial/commercial uses. Increased Scrutiny: Due to stricter regulations and the potential for employer liability, workers' compensation insurers may scrutinize claims in the remaining allowed uses more intensely.

Workers’ Compensation 52

Workers’ Compensation Manufacturing Insurance Employment 52

Higginbotham

FEBRUARY 9, 2024

From the cyber insurance market perspective, we are preparing for a hardening market. This indicates an overall increase in cyber insurance rates and a challenging environment for businesses seeking new cyber policies. Last year, an alarming 72.7 Yet, amidst these challenges lies an opportunity for resilience and innovation.

Manufacturing 52

Manufacturing Insurance Construction Finance 52

AssuredPartners

OCTOBER 4, 2022

Alush Garzon Appointed Senior Vice President and Manufacturing Vertical Leader. ORLANDO, FL – October 5, 2022 – AssuredPartners (AP) is pleased to announce Alush Garzon as Senior Vice President, Manufacturing Vertical Leader. His role is effective September 6, 2022.

Manufacturing 52

Manufacturing Engineering Utilities Insurance 52

InterWest Insurance Services

JANUARY 12, 2024

Recent reports from cloud-computing provider Google Cloud and cyber-security vendor Netwrix forecast several trends, including: Tighter cyber insurance requirements. Insurers already insist that their policyholders implement employee security training, multi-factor authentication and security patch management.

Manufacturing 97

Manufacturing Insurance Technology Software 97

InterWest Insurance Services

AUGUST 29, 2023

Require that they maintain the vehicle according to the manufacturer’s maintenance schedule. Despite the fact that “insurance follows the vehicle,” if there is an accident and the damages exceed the available insurance of the vehicle operator, the employer is next in line.

Management 98

Management Insurance Manufacturing Deductions 98

Employee Benefits

JANUARY 3, 2023

Luxury car manufacturer Bentley Motors, energy provider E.On while manufacturer BAE Systems (8.9) RSA Insurance. and consumer goods organisation Unilever have been named among the best places to work for UK shift-based employees for 2023, according to ratings published by community job platform Breakroom. and Unilever (8.9)

Employment 80

Employment Manufacturing Retail Hospitality 80

Higginbotham

APRIL 2, 2024

However, it also introduces new considerations in the realm of car insurance , where premiums for these innovative vehicles may diverge from those of traditional gas-powered cars. Hybrid car insurance rates are not arbitrary figures plucked from the air. Now, let’s look at how repair costs can influence hybrid car insurance rates.

Insurance 52

Insurance Insurance Carriers Technology Manufacturing 52

InterWest Insurance Services

MARCH 16, 2023

The poll of 26 health benefits decision-makers at large firms, carried out by The Commonwealth Fund and the Employee Benefits Research Institute (EBRI), found that despite rising premium and health care costs, they felt obligated to offer health insurance instead of shunting employees to exchanges. “We liked to have control.

Health Insurance 98

Health Insurance Employment Out of Pocket Cost Health Savings Account 98

Money Talk

DECEMBER 2, 2021

Like term life insurance, it is a form of insurance for “big ticket" purchases. Self-Insurance - To hedge your bets about needing future repairs without an extended warranty, consider setting aside several hundred dollars for each “big ticket” item that you buy in an earmarked savings account. An extended warranty (a.k.a.,

IT 131

IT Life Insurance Manufacturing Electronics 131

Benefits Notes

JANUARY 4, 2023

In addition, plans and issuers now have until January 31, 2023 to provide a good faith submission of 2020 and 2021 data through the Health Insurance Oversight System. Insured plans may satisfy the reporting requirements by entering into a contract with the carrier to provide the required information.

Out of Pocket Cost 52

Out of Pocket Cost Manufacturing Insurance Health Insurance 52

InterWest Insurance Services

AUGUST 27, 2023

Manufacturer Assistance Programs: Uncover the power of collaboration with manufacturers to enhance your plan’s cost-efficiency, benefiting your business and your employees. Learn how to stay a step ahead and maximize the potential savings of strategically allowing formulary placement.

Manufacturing 52

Manufacturing Pharmaceutical Healthcare Consulting 52

Workers' Compensation

NOVEMBER 8, 2023

AMERICAN AIRLINES FLIGHT ATTENDANTS An Alameda Superior Court jury found the manufacturer of American Airlines’ uniforms responsible for causing debilitating illnesses to four of the airline’s flight attendants, setting the stage for hundreds more cases filed by employees against the company. Million award.

Workers’ Compensation 52

Workers’ Compensation Manufacturing Compensation System Medical 52

Higginbotham

SEPTEMBER 21, 2023

Environmental liability insurance provides important coverage for contractors, manufacturers and other businesses that have environmental-related exposures. What is an environmental liability insurance policy? Why do businesses need pollution legal liability insurance? Who needs environmental insurance?

Insurance 52

Insurance Out of Pocket Cost Manufacturing Construction 52

Employee Benefits

APRIL 3, 2023

The Covid-19 pandemic highlighted the need for the trade credit insurer to put mental health support at the centre of its reward and benefits proposition. At a glance Atradius is a financial services business specialising in trade credit insurance.

Manufacturing 98

Manufacturing Engineering Insurance Employee Benefits 98

Higginbotham

AUGUST 29, 2023

But, liability insurance can provide financial protection when someone files a lawsuit or makes a claim against a small business. This article will provide a basic overview of liability insurance: what it is, how much it costs and how this essential form of small business insurance can be refined for enterprises of every size and structure.

Insurance 52

Insurance Manufacturing Medical Construction 52

InterWest Insurance Services

DECEMBER 21, 2023

The explosion in demand for new, costly and highly effective weight-loss and diabetes drugs is poised to play an outsized role in increasing the cost of health care, and in turn, health insurance in America. in 2023, compared to an increase of 6.4% in 2022, according to a report by Mercer.

Pharmaceutical 98

Pharmaceutical Employment Medical Food 98

HR Professionals Magazine

JUNE 28, 2023

This does not apply to consumers with commercial insurance plans who may pay the full price for medications under high-deductible plans. 6 CivicaRx , a non-profit drug manufacturer owned by several Blues plans, intends to manufacturer affordable insulins in 2024. Economic Costs of Diabetes in the U.S.

Healthcare 52

Healthcare Manufacturing Out of Pocket Cost Medical 52

Employee Benefits

FEBRUARY 5, 2024

Education on charge- and fuel-saving driving techniques, as well as advanced driver training, can save on day-to-day motoring costs, as well as insurance premiums, and providers may be able to help with this. Some EV manufacturers, too, have their own networks of cheaper charging stations.

Management 91

Management Taxes Salary Engineering 91

Employee Benefits

OCTOBER 4, 2023

The benefits offered by Leonardo include employee-funded private medical insurance, a salary sacrifice electric vehicle scheme, workplace individual savings account (Isas), the ability to buy and sell holiday, and access to discounted retail items. “We We wanted to recognise that the workforce we have is multi-generational,” says Letton.

Manufacturing 59

Manufacturing Retail Consulting Medical 59

Workers' Compensation

SEPTEMBER 5, 2023

Artificial intelligence [AI] opens new frontiers for workers’ compensation law firms and insurance companies. The automation process will free up attorneys and insurance adjusters to focus on the more complex issues of cases. RISK PREVENTION An insurance company could use AI to identify workers’ compensation claims data patterns.

Workers’ Compensation 64

Workers’ Compensation Insurance Disability Insurance Utilities 64

InterWest Insurance Services

OCTOBER 24, 2023

This includes construction, manufacturing, warehousing, health care and transportation. Offer health insurance with coverage for mental health and substance use disorders. Stress is especially prevalent in production environments, where the safety stakes are the highest. Inattention while working in these sectors can be deadly.

warehousing 98

warehousing Manufacturing Transportation Health Insurance 98

AssuredPartners

JANUARY 19, 2023

Kory has been with the agency since 2009 as an Insurance Advisor. For the last six years, his primary focus has been overseeing the sales team and building custom insurance programs with specializing in construction, manufacturing, and wholesale operations.

Manufacturing 52

Manufacturing Insurance Construction Consulting 52

Higginbotham

JANUARY 11, 2022

In today’s tumultuous business climate, companies need the best insurance solutions to fit their complex business needs. What are the differences between general liability vs professional liability insurance? What is general liability insurance? What is professional liability insurance?

Insurance 96

Insurance Consulting Manufacturing Engineering 96

AssuredPartners

FEBRUARY 27, 2023

‘PUNC’ ( P ilots, U se, N amed Insured and C ontracts) is an acronym capturing the four most important areas of aviation insurance that result in the largest percentage of claims denials. This month, we move down the checklist to the n amed insured clause. The first thing to do is define named insured.

Insurance 52

Insurance Manufacturing Medical Management 52

Employee Benefits

APRIL 10, 2024

For example, recruitment firm Acorn by Synergie has several clients in manufacturing and heavy industry that need seasonal staff when they close for maintenance in the summer and winter. University students are an obvious fit for seasonal work in sectors such as retail, hospitality and events that need staff during the holidays.

Benefits Package 59

Benefits Package Retail Hospitality Manufacturing 59

Higginbotham

DECEMBER 14, 2023

As electric vehicles continue to surge in popularity, the need for comprehensive and cost-efficient electric car insurance has never been more important. Now, get ready to learn about coverage options, factors affecting insurance costs and tips for saving on your electric car insurance.

Insurance 52

Insurance Insurance Carriers Technology Taxes 52

AssuredPartners

MAY 25, 2023

Employer-sponsored health plans continue to face increasing costs due to the rising price of medical procedures, prescription drugs, and administrative services in the broader health insurance industry. A growing cost burden for employer-sponsored health plans is specialty medications.

Hospitality 52

Hospitality Manufacturing Medical Health Insurance 52

AssuredPartners

AUGUST 23, 2023

As insurance brokers, we de-risk projects, meaning we contain and transfer risk exposures to enable project debt and equity financing. Simply put, significant alternative energy projects require a different level of risk management, insurance, and surety bonding. and Canada. We routinely include governmental incentive coverage (e.g.,

Taxes 52

Taxes Construction Insurance Finance 52

Employee Benefits

DECEMBER 2, 2022

In the bronze category, ENEI’s Tide awards recognised employers such as finance and insurance business AIG, vehicle manufacturer BMW Group, and art museum the Victoria and Albert. Employers in the silver category included infrastructure group Balfour Beatty, law firm Charles Russell Speechlys, and Coventry City Council.

Employment 59

Employment Manufacturing Hospitality Finance 59

AssuredPartners

JUNE 5, 2023

Captive insurance coverage that includes prescription drugs as part of the program is not new in the employee benefits marketplace. Implement plan language to take advantage of manufacturer and foundation financial support; this can help to reduce the overall cost of the drugs.

Health Insurance 52

Health Insurance Insurance Pharmaceutical Manufacturing 52

Empuls

MARCH 30, 2023

In case human resources weren’t challenging as it is, it takes it a notch higher in the manufacturing industry. However, the hiring reality doesn’t reflect that, so much so that 83% of manufacturers consider attracting and retaining talent as their top challenge. How manufacturing industries are attracting employees?

Manufacturing 40

Manufacturing Employee Retention Recruitment Employee Recognition 40

Higginbotham

AUGUST 4, 2023

A complete risk management program also requires commercial insurance coverage for risks that could have the most impact on the business or risks that have legally mandated coverage requirements. An effective risk management process requires anticipation of every conceivable risk. A fire can literally put a company out of business.

Management 52

Management Insurance Manufacturing Finance 52