by Smith Brothers | Insurance, News
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...
by Smith Brothers | Insurance
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...
by Smith Brothers | 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...
by Smith Brothers | Insurance
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...
by Smith Brothers | Insurance
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...
by Smith Brothers | Insurance
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...
