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New Tennessee Workers’ Compensation Law Impacts Construction Industry

According to an update to Tennessee workers’ compensation law effective earlier this year, any company engaged in the construction industry in the state must be prepared to provide proof of workers’ compensation insurance coverage to officials or face immediate fines.

Tennessee is not alone in requiring this type of documentation. Other states have enacted similar rules with varying degrees of impact and severity over recent years.  While it may cause some headaches, ultimately this law serves to help contractors have confidence that subcontracted companies are carrying their own workers’ compensation coverage. This should serve to reduce the risk for the general contractor on the job.

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Scott Insurance Announces Senior Leadership Change Keith Mann to serve as COO/CFO as Craig Ryder Retires

Scott Insurance has appointed Keith Mann of Lynchburg as the company’s new Chief Operating Officer/ Chief Financial Officer. Craig Ryder, who has served in that capacity since 1994, will retire at the end of the year. This transition concludes a multi-year planning process and an exhaustive search for the right executive leader to join the company.  

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Employee Ownership Creates a Unique Culture at Scott

Unless you have firsthand experience with an employee-owned company, you’ve likely never heard of the ESOP (Employee Stock Ownership Plan) structure. Or, perhaps you’ve heard of it, but don’t completely understand what it is. This month, alongside other employee-owned companies across the country, Scott has been celebrating Employee Ownership Month and recognizing the many unique benefits of being an ESOP company.  

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Scott Benefit Services Joins NAHU’s Principals Council

Scott Benefit Services has accepted an invitation to join the National Association of Health Underwriters’ (NAHU) Principals Council, a group of elite agencies and brokers with significant influence on legislative and regulatory issues on the federal level. The NAHU focuses on legislative issues that impact health insurance, specifically employer-sponsored coverage. Their advocacy efforts promote affordable and responsible private health insurance market solutions.

The Principals Council includes representatives from some of the top agencies in the country – agencies with significant legislative influence and more sophisticated regulatory concerns. Members of the group attend top-level meetings with White House staff, members of Congress and federal agency leadership.  

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White House Makes Big Moves on Healthcare

The White House made two major announcements regarding healthcare yesterday. First, President Trump issued an executive order titled “Promoting Healthcare Choice and Competition Across the United States” and then late last night it was announced that the CSR (cost-sharing reduction) payments from the government to insurance companies would cease immediately.

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