Month: March 2023
Your Guide to RxDC Collection and Reporting
The Consolidated Appropriations Act of 2021 (CAA) requires insurers and employers who sponsor group health plans to submit annual reports on prescription drug use and healthcare spending by June 1. To assist in this process, known as “RxDC reporting,” Alera Group has issued a... Find out more »
Legal Alert: Agencies Release FAQs in Advance of the Upcoming Gag Clause Attestation Filing Deadline
When the Consolidated Appropriations Act, 2021 (the “CAA”) was enacted on December 27, 2020, it included a provision that prohibits group health plans and health insurance carriers from entering into certain agreements that, either directly or indirectly, restrict the release of certain... Find out more »
Alera Group Appoints Cynthia Ballantyne as Managing Director of the West Region
Deerfield, IL (March 23, 2023) — Alera Group, a top independent national insurance and wealth services firm, announced today that Cynthia Ballantyne has been appointed as Managing Director of the West region.
In her new role, Ballantyne will accelerate growth by developing leadership... Find out more »
Alera Group Bolsters Transportation Insurance Offerings with Acquisition of Capstone
Deerfield, IL (March 28, 2023) — Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of Capstone Insurance Services, LLC, an independent insurance agency that offers personalized programs to simplify insurance solutions for the... Find out more »
A New Game Plan for Securing Cyber Insurance
Are you having a hard time securing Cyber Insurance? It can be difficult to find adequate protection in today’s market of doubling premium increases, weakened coverage terms and strict underwriting guidelines. Demand exceeds supply. Whether you’re securing new coverage or renewing,... Find out more »
Legal Alert: The Impact of Missing Payroll on Employee Benefits
As we face a potential banking crisis after the collapse of the Silicon Valley and Signature Banks, this seems like an opportune time to address the potential ramifications of a company’s inability to meet its payroll obligations. Missing payroll has multiple ramifications under both state... Find out more »
Property Insurance Update: Market Hardens in CAT-Prone Areas
A new analysis examining 2023 Property Insurance renewals signals a continued hard market for property and casualty insurers and brokers. The Commercial Property Update, an amendment to Alera Group’s 2023 Property and Casualty Market Outlook, focuses solely on Commercial Property Insurance... Find out more »
Legal Alert: Most Employers Are Required to File Electronic Information Returns Beginning in 2024
On February 21, 2023, the IRS released Final Rules amending the existing requirements related to mandatory e-filing of information returns, including Forms 1094-C and 1095-C, among others. The final rules are effective for all applicable returns due on or after January 1, 2024. While... Find out more »
