One often overlooked cost driver to your employee benefits plans is administrative errors and oversights that are the result of sloppy record-keeping and a lack of checks and balances among your account and human resources teams. If you are not diligent in keeping up with outgoing employees, are not paying enough attention to admin details…
New Regulations Aimed at ‘Fixing’ California’s Property Insurance Market Crisis With the California commercial property and homeowner’s insurance markets increasingly stressed with fewer and fewer insurers willing to write policies in the Golden State, the insurance commissioner has floated a plan aimed at easing the crisis. The main thrust of the new proposal is to…
Announcing 2023 InterWest Insurance Services Distinguished Employee Winner! Andrea Patterson Commercial Lines Supervisor Roseville Each year, InterWest recognizes employees who are identified by their co-workers as having demonstrated an extraordinary commitment to their clients, workmates as well as their community. This partnership between work and giving back makes them stand out for their…
NEW SB 553 Compliant WVPP Workplace Violence Prevention Plan Template is NOW AVAILABLE for InterWest clients! By July 1, 2024, most California employers with ten or more employees must have a compliant Workplace Violence Prevention Plan (WVPP) in place. What do California employers need to know about the WVPP requirements? It must be in writing…
Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. The “2024 Employee Health Trends” report by Springbuk, an online health intelligence platform, reflects concerns among employers and insurers about runaway drug costs due…
The newest cyber and financial fraud threat facing businesses is deepfake technology, which criminals are using to extract money from unsuspecting accounts payable personnel. A finance worker at a multinational company in Hong Kong was duped into transferring $25 million to criminals who had used deepfake technology to pose as the business’s chief financial officer…
If you are at the point when you have primed your insurance agency for sale and have found a potential buyer, you’ll need to be prepared for the next steps to ensure a smooth and effective transition. You will need to set an extraordinary amount of time aside for discussions and the due diligence process,…
A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson, accusing it of mismanaging its pharmacy benefit manager plan, resulting in the health plan and its enrollees overspending millions of dollars on medications. Health plans contract with PBMs to tamp down pharmaceutical costs, but…
By July 1, 2024, most California employers with ten or more employees must have a compliant Workplace Violence Prevention Plan (WVPP) in place. What do California employers need to know about the WVPP requirements? It must be in writing and include detailed information and effective procedures for identifying and correcting workplace hazards specific to each…
Violence in the workplace is a growing problem for which many U.S. employers are unprepared. Business owners may believe that their workforces are like families and that a violent outburst could never happen at work. They may also think that they have adequate security in place to stop an outsider from launching an attack or…