Blogs
Understanding the Importance of Long-Term Care Insurance
The American workforce has gotten older, with people staying in school longer and others delaying retirement. According to the U.S. Department of Health and Human Services, nearly 70% of 65-year-olds will need long-term care (LTC) in their lifetimes. As such, LTC...
7 Key Employee Benefits Trends in 2024
Attracting and retaining employees has challenged employers since the onset of the COVID-19 pandemic. In 2024, the labor market is expected to cool slightly - however, competition for talent will remain. Employers must remain agile and adapt to developing labor and...
Winter Weather Liabilities
The winter months bring more than just cold weather and shorter days; they bring the possibility for winter storms that may result in a snow- and ice-covered landscape. While it may be a winter wonderland for some, as a property manager, snow and ice buildup means a...
The Quintal Agency Joins Smith Brothers Insurance
Glastonbury, CT - Effective December 1, 2023. The Quintal Agency, an independent insurance agency led by Lynne Quintal-Hill and located in Plainfield, CT, has merged its operations with Smith Brothers Insurance. Smith Brothers main office is located at 68 National...
Wrongful Collection of Data Explained
Businesses of all sizes and sectors may be subject to unlawful data processing claims. According to the International Association of Privacy Professionals, lawsuits focusing on whether businesses lawfully collect and use personal data have been steadily increasing....
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...
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