Articles
2023 “Affordability” Percentage
Friday, August 5, 2022
In Revenue Procedure 2022-34, the IRS significantly decreased the affordability percentage from 9.61% to 9.12% for 2023. This percentage determines which applicable large employers may face penalties under §4980H(b) for failure to offer affordable coverage as well as which individuals may qualify for subsidized coverage through a public Exchange.
Insurance Takeaways from the 2022 Washington State Legislative Session
Tuesday, July 19, 2022
Learn more about these bills on long-term care taxes, credit scoring use in personal lines insurance, and ergonomics regulations and the impact they could have on your programs from Parker, Smith & Feek Account Executive Chris Corry in the Puget Sound Business Journal.
Busting the Myths About Cyber Insurance
Thursday, July 14, 2022
With cyberattacks on the rise, cyber liability insurance has become an important component of any risk management plan. However, many businesses believe that they don’t need cyber insurance and haven’t considered it. Parker, Smith & Feek Account Executive Janie Ma busts four common myths about the protection that cyber insurance provides in Alaska Business.
Tips to a Successful Property Renewal
Tuesday, June 28, 2022
Over the past few years, we have experienced the impact of a hard insurance market and watched in disbelief as insurance premiums soared to new heights. While the insurance market remains challenging, there are things you can do to help mitigate rising insurance costs.
Supreme Court Decision – Abortion Rights
Monday, June 27, 2022
The Supreme Court released its decision regarding abortion rights on June 24, essentially reversing the previous Roe v. Wade and Planned Parenthood v. Casey decisions.
Marine Employers’ Liability Coverage: What Is It, And Do You Need It? Part 2
Thursday, June 23, 2022
In part II of Marine Employers’ Liability Coverage: What is it, and Do You Need it? Parker, Smith & Feek Account Executive Mark Gleason discusses the first factor of an MEL exposure – if the injury happened on a vessel
Transparency Compliance – Machine Readable Files (MRF)
Monday, June 6, 2022
Under the “Transparency in Coverage” Final Rule (TiC), issued in 2020 by the U.S. Department of Health & Human Services, U.S. Department of Labor, and U.S. Department of the Treasury (collectively the Departments), effective 7/1/22, health plans (which include employers who sponsor employee benefit plans) and health insurance issuers must publicly post pricing data known as the “machine-readable files” or (“MRFs”).
Markets in Focus :: Crypto
Wednesday, May 25, 2022
Over the past few years, we have seen Cryptocurrency, blockchain technology and Decentralized Finance (DeFi) develop from a niche corner of the internet into mainstream technology. Within the realm of blockchain, DeFi, Non-fungible tokens (NFTs) and Cryptocurrency mining…
Markets in Focus :: Technology
Friday, May 20, 2022
Our Advanced Industries Professionals estimate that within the next decade, there will continue to be significant growth within the sectors of Automation, Connectivity, Quantum Computing, Artificial Intelligence, Machine Learning and Zero Trust.
Markets in Focus :: Advanced Industries Manufacturing
Tuesday, May 17, 2022
Two and a half years into the global pandemic known as COVID-19, manufacturing firms are still grappling with staff shortages, supply chain issues and a shift towards pandemic-focused goods and supplies.
Updated Health Savings Account & Excepted Benefit HRA Limits for 2023
Monday, May 16, 2022
The IRS released the 2023 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev. Proc. 2022-24
Markets in Focus: Cyber
Tuesday, May 10, 2022
The Cyber insurance marketplace continues to be “hard” as Cyber carriers are consistently looking to right-size their portfolios due to 2020 and 2021 claims results. There is an ongoing emphasis on rate increases and “must have” technical security controls.
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