
Articles
Navigating the Risks of Non-Payment with Trade Credit Insurance
Thursday, June 27, 2024
With new cyber risks constantly emerging and evolving, pixel tracking technology has become a top-of-mind risk for healthcare organizations. These “tracking pixels” hidden on organizational websites facilitate the sharing of protected health information (PHI) with a third party, and many organizations may not even realize they have them. As this has become a focal point for litigation and regulatory scrutiny in recent years, understanding and proactively managing pixel tracking technology is imperative in protecting healthcare organizations against evolving cyber risks.
Markets in Focus :: General Q2 2024
Tuesday, June 25, 2024
The U.S. experienced a record number of costly disasters in 2023, resulting in $92.9 billion in damages. With predictions of an active Atlantic hurricane season in 2024, the urgency for robust risk management and sustainable development is more pronounced than ever. Understanding the evolving landscape of insurance premiums and market challenges is crucial for businesses to effectively manage risks and secure appropriate coverage. As natural disasters and economic factors drive changes in the insurance market, staying proactive and informed is key to navigating these complexities.
Risk in Focus :: Healthcare Q2 2024
Tuesday, June 18, 2024
Pixel tracking technology, also known as “tracking pixels,” is a hidden piece of code embedded within web pages or emails that monitors user activity. It gathers data such as IP addresses, browser types, and screen resolutions for analysis. While useful for web analytics and marketing, pixel tracking poses significant risks for healthcare organizations.
With Coverage Costs Rising, Employers Report 9 Benefits of Contracting Health Care Directly
Wednesday, June 12, 2024
Direct contracting in employee benefits has become increasingly popular among employers seeking to control rising health care costs and improve care quality. This strategy involves self-funded employers negotiating directly with health care providers to secure services at predetermined rates, bypassing traditional insurance carriers to reduce costs.
Patient-Centered Outcomes Research Institute Fees Due By July 31, 2024
Wednesday, June 5, 2024
The Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to help patients, clinicians, payers, and the public make informed health decisions by advancing clinical effectiveness research. The Institute is funded by the PCORI fee which is imposed upon carriers and employers with self-funded medical plans (including HRAs). The PCORI fee went into […]
Navigating Cyber Risks in Healthcare: Pixel Tracking Technology
Friday, May 31, 2024
With new cyber risks constantly emerging and evolving, pixel tracking technology has become a top-of-mind risk for healthcare organizations. These “tracking pixels” hidden on organizational websites facilitate the sharing of protected health information (PHI) with a third party, and many organizations may not even realize they have them.
Oregon Family Leave Act (OFLA) Changes – Employer Notification to Rescind Approved Leaves Due June 1, 2024
Thursday, May 30, 2024
The Oregon Bureau of Labor and Industries (BOLI) issued temporary and proposed rules under OAR 839-009-0201. The rules provide guidance to employers for navigating recent changes to Paid Leave Oregon (PLO) and OFLA that were mandated under SB 1515. See our previous article for details on the SB 1515 mandates.
Risk in Focus :: Education Q2 2024
Tuesday, May 28, 2024
Higher education institutions face significant challenges in ensuring the health and safety of their students and visitors. Understanding the primary causes of injuries and implementing effective preventive measures is crucial.
Markets in Focus :: Cyber Q2 2024
Tuesday, May 21, 2024
The cyber insurance market remains stable, with ample capacity and favorable reinsurance renewals in January. The cyber risk landscape is shifting from ransomware to privacy events and litigation. Class action lawsuits alleging improper collection and sharing of personal information have increased, particularly in the healthcare sector. Insurers are closely monitoring these developments as the number of losses could impact their profitability. Some insurers are using exclusions related to data collection to avoid covering settlements and defense costs.
Markets in Focus :: Education Q2 2024
Friday, May 10, 2024
Private schools, colleges, and universities are encountering growing discrimination-related requirements in admissions, athletics, diversity, and student care. Failure to comply can harm reputation and result in legal liabilities. Title IX mandates ensure equitable funding, equipment, and facilities for men’s and women’s sports programs. New regulations may extend protections for transgender student participation. Compliance is crucial for institutions receiving federal funds. Non-compliance with discrimination mandates can lead to fines, loss of federal funds, and legal consequences.
Markets in Focus :: Real Estate Q2 2024
Tuesday, May 7, 2024
Dynamic shifts are shaping the hospitality industry, from the surge in consumer preferences to innovative strategies driving resilience in the restaurant and hotel sectors. Learn more about how these trends are impacting insurance considerations in our latest Markets in Focus.
Managing Risk in Construction-Led Design-Build Projects
Monday, May 6, 2024
The design-build construction project method is praised for its potential to enhance efficiency and reduce costs. Nonetheless, challenges arise from contractual risks inherent in this approach, as well as the uneven distribution of liabilities among contractors and designers. Dive deeper into understanding the design-build method and discover crucial strategies for mitigating its associated risks in a Puget Sound Business Journal article from Parker, Smith & Feek Account Executive David Goldsmith.
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