WCIRB Announces New Food & Beverage Classifications effective September 1, 2024 **CLASSIFICATION CHANGE EFFECTIVE 9/1/24** The WCIRB has announced that for all policies incepting on or after September 1, 2024, any operations that were previously assignable to Classification 9079(1), Restaurants or Taverns, will be now reassigned to one of six (6) new classifications as follows: 9058, Hotels, Motels or…
Cal/OSHA has published a model plan to help California employers comply with a new law requiring that they have in place a workplace violence plan. The model is designed to provide structure for employers to create their own plans. Businesses have the option to use the model plan, create their own or use another plan…
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…