Deerfield, IL (January 4, 2023)— Alera Group, a top independent, national insurance, wealth and retirement plan services firm, today announced the acquisition of Virginia Beach-based The Ascent Group and affiliated companies. The acquisition adds significant assets under management to two... Find out more »

On December 29, 2022, the President signed the Consolidated Appropriations Act, 2023  (“CAA, 2023”), into law.  The CAA 2023, which is largely a bipartisan spending bill, includes a new telemedicine safe harbor similar to that which was created under the Coronavirus Aid,... Find out more »

This alert is of interest to all employers who sponsor group health plans.  On December 23, 2022, federal agencies released ACA and CAA Implementation FAQ Part 56 which extends the December 27, 2022 deadline for Prescription Drug Data Collection Reporting (“RxDC Reporting”)... Find out more »

This alert is of interest to all applicable large employers (ALEs), as well as any non-ALEs who sponsor self-funded plans.  On December 12, 2022, the IRS released a Final Rule providing for, among other things,  an automatic 30-day extension of time for applicable large employers... Find out more »

On December 20, 2022, the House and Senate released H.R. 2617, the Consolidated Appropriations Act, 2023  (“CAA, 2023”), which is expected to pass in both chambers this week before being presented to the President for signature, which is expected by the Friday deadline to avoid a... Find out more »

Third annual study from Alera Group predicts 2023 Property and Casualty market conditions A new study forecasting 2023 market conditions in the Property and Casualty Insurance industry reveals that uncertainty related to the economy, inflation, catastrophes and court-related claims is... Find out more »

Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of Shea Insurance, an insurance agency specializing in employee benefits solutions. “Shea Insurance takes the hassle out of employee benefits. Our clients take pride in knowing that... Find out more »

Holiday shopping and gift wrapping aside, employee benefits professionals have three overarching priorities as they plow through their end-of-year tasks and prepare for 2023:  Long-term cost management   Plan design  Data transparency.  These topics will be... Find out more »

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 »