Blogs
Report Finds Employer Adoption of ICHRAs Increased Significantly
A new report by the HRA Council found that U.S. employers’ adoption of individual coverage health reimbursement arrangements (ICHRAs) increased by 64% from 2022 to 2023. Many employers noted that ICHRAs offer more autonomy for employees and budget control for...
White House Announces First 10 Drugs Subject to Medicare Price Negotiations
On Tuesday, Aug. 29, the Biden administration unveiled the first 10 prescription drugs subject to Medicare price negotiations. Medicare provides health insurance coverage to 65 million Americans, including 57 million seniors. More than 60% of the 65 million people on...
The Value of Lawyers’ Professional Liability Insurance
Attorneys and law firms of all sizes are susceptible to claims that their professional services financially harmed another party, regardless of their diligence or attention to detail. Lawyers’ professional liability (LPL) insurance, also called legal malpractice...
Cyber Update – Average Data Breach Cost Hits All-time High
According to IBM’s annual Data Breach report, the average cost of a data breach reached an all-time global high of $4.45 million, up 2.3% from 2022 and 15.3% since 2020. While $4.45 million is the average across the 16 countries included in IBM’s survey of 553...
The Differences Between Short- and Long-term Disability Insurance and COBRA
Voluntary benefits are becoming increasingly important to employees as they focus on their physical, mental, social and financial health. As a result, many employers have expanded their voluntary benefits offerings to address employees’ needs and improve their...
Rawson & Sons Insurance Group Joins Smith Brothers Insurance
Glastonbury, CT - Effective July 3, 2023. Smith Brothers Insurance has acquired Rawson & Sons Insurance Group, an independent insurance agency located in Worcester, Massachusetts. The acquisition expands Smith Brothers Insurance footprint in Massachusetts, with...
Smith Brothers Insurance Selected for The Hanover’s President’s Club
Recognized for Fostering Strong Customer Relationships Smith Brothers Insurance was named to The Hanover Insurance Group’s President’s Club, an elite group of independent insurance agencies from across the country. The Hanover’s President’s Club agencies are...
Considerations for Using ChatGPT and Other AI Tools in the Workplace
Artificial intelligence (AI) chatbot ChatGPT has recently made waves for producing human-like text and communications from user inputs. Accessible to anyone with a computer and internet connection, ChatGPT produces usable written material on a wide range of topics and...
Nonprofit Sector Trends to Watch
Nonprofit organizations operate to fulfill their missions, benefit the community and serve the public. They are essential for maintaining a thriving society and contribute greatly to healthcare, higher education, environmental stewardship, human services, religious...