Whether you are an owner, developer or property manager working in the affordable housing industry, you are undoubtedly facing challenges related to your insurance program that are …Continue Reading
Featuring authors from across our organization on various topics related to risk management and employee benefits, our blog is a great resource to help you stay informed.
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Over the past few years, nearly every homeowner in the U.S. has seen an increase in their homeowners insurance premium. According to Money.com, an independent publisher, recent year-over-year premium increases have averaged 20%, and policyholders should expect to see at least a 10-15% increase in 2024.
Although individual rates are based on specific factors such as location, credit score, claims history, age of dwelling and deductible, some general trends are leading to higher rates across the board. Continue reading
For many middle-market companies, health insurance plan years begin either December 1 or January 1. This means that many employers will soon be gearing up for renewals and shift their focus to guiding their employees through the open enrollment process.
Annual health plan renewals and open enrollments often bring up many questions for employers and employees alike:
- Does the health plan provide good value?
- Are the benefits offered competitive in today’s market?
- Are there sufficient options offered?
- Are employees carrying the right amount of the plan cost?
While decisions for 2024 plans have likely already been made, it is never too early to start thinking strategically about your employee benefits program and to consider how your offerings compare to those of peer organizations. By leveraging benchmarking data, you can make informed decisions about your employer-sponsored healthcare benefits strategy, plan ahead for future years and confidently answer the questions that may arise. Continue reading