Month: November 2022

Driven by record inflation and several years of catastrophic losses, property reinsurance has entered a hard market. Reinsurance — insurance for insurers — is designed to protect primary insurers in the event of a catastrophic loss. Over the past few years, however, losses hitting the... Find out more »

In the cyclical market for Property and Casualty Insurance, we are more than a year into hard-market conditions, leading growing numbers of businesses to consider alternative risk funding. That, in turn, has created an abundance of work for insurance actuaries and Captive Insurance... Find out more »

The IRS has released Notice 2022-59, which sets the applicable PCORI fee for plan years ending between October 1, 2022, and September 30, 2023, at $3.00 per covered life. As a reminder, the PCORI was established as part of the Affordable Care Act (ACA) to conduct research to evaluate the... Find out more »

Alera Group, a national insurance and financial services firm, today announced the acquisition of a property and casualty insurance business from George Gravenstine. Gravenstine will join Alera Group through local office Heist Insurance Agency. With more than 35 years of commercial insurance... Find out more »

Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of ELMC Rx Consulting from ELMC Rx Solutions, LLC.  ELMC Rx Consulting is a premier organization built to deliver innovative, high-performance pharmacy plans for employers. “At... Find out more »

Alera Group Wealth Services, a division of Alera Group, a top independent, national insurance and wealth services firm, today announced the acquisition of Benson Blackburn, a Naples, Florida-based specialized insurance consultancy with a focus on ultra-affluent families and... Find out more »