Blog

Why Are Personal Auto Insurance Rates Increasing?

With very few exceptions, nearly every individual and family in the U.S. is facing higher-than-normal increases to their auto insurance premiums.  According to Bankrate, an independent publisher and comparison service, auto insurance in the U.S. costs an average of $2,014 per year, an increase of 13.72% between 2022 and 2023.

While individual rates will vary based on each individual’s circumstances and history, there are some general trends that are leading to these increases.  Continue reading

Employee Benefits Compliance Update

In the last week of 2022, two items of note came out of Washington, D.C., with impacts on group health plans:  Continue reading

Challenges and Opportunities within the Employee Benefits Market 2022 Mid-Market Employee Benefits Benchmarking Survey Results

With an extremely competitive labor market, it is important for employers to recognize the challenges of the current employee benefits market and understand how to take advantage of opportunities to attract and retain talented individuals. According to Microsoft’s 2022 Work Trend Index, 39% of all workers are considering changing employers this year, while 52% of Gen Z and Millennial workers are considering a change. Another trend identified by this study is that 53% of workers prioritize their health and well-being over work more than they did prior to the COVID-19 pandemic.

Given this landscape, it is now more crucial than ever for businesses to consider their peers’ benefits offerings and reconsider their own to maximize their attractiveness as an employer. By utilizing benchmarking data, companies can make informed decisions about which employer-sponsored healthcare benefits strategy best aligns with their goals and gives employees the healthcare security and stability they seek.  Continue reading

Cybersecurity Best Practices Navigating today’s cyber & data security landscape

Businesses in every industry are facing cyber threats with increasing frequency and severity.  It is no longer a question of if your organization will experience a cyber incident, but when.  From employment/HR data breaches to operations disruptions to wire transfer fraud and more, today’s landscape is brimming with real threats promising real and costly business impacts.

Earlier this month, our team in Nashville pulled together a group of industry experts for a panel discussion to discuss the current cybersecurity environment and best practices for businesses to prepare for and respond to potential incidents.  Continue reading

Flood Policy Changes That Will Impact the Affordable Housing Industry

FEMA has introduced the largest reform to the National Flood Insurance Program (NFIP) rating system since its inception in 1968. The NFIP program premium will now be determined by the risk assessment at individual property levels versus the current more standardized, one-size-fits-all approach. Continue reading