Alera Group News
Scroll down for the latest news, legal alerts, and information from AIA, Alera Group.
P&C Market Update: Market Less Volatile, but Inflation, Catastrophic Weather Remain Factors
Deerfield, IL (September 6, 2023) – An analysis updating Alera Group’s 2023 Property and Casualty Market Outlook finds the industry is experiencing both stability and challenges. There is less volatility, with prices moderating and coverage stabilizing across most lines of business.... Find out more »
Alera Group Names Chief Investment Officer for Wealth Services and Retirement Plan Services Divisions
B.J. Webster assumes newly created role
Deerfield, IL (September 5, 2023) — Alera Group, a top independent national insurance and financial services firm, announced the creation of a new chief investment officer (CIO) role for its Wealth Services and Retirement Plan Services divisions.... Find out more »
Legal Alert: Tenth Circuit Court of Appeals Hands Down a Big Win for ERISA Preemption
After several failed attempts by pharmacy benefit managers (“PBM”) to challenge state laws regulating PBMs, the Tenth Circuit Court of Appeals (in Pharmaceutical Care Management Association v. Mulready) handed down a big win for PBMs and, by extension, self-funded ERISA plans, when it... Find out more »
Legal Alert: Illinois Passes Law Protecting Pay and Benefits for Temporary Workers and Day Laborers
Illinois recently passed a new law and implemented emergency regulations to protect day and temporary laborers (collectively “temporary workers”) and require day and temporary labor service agencies (collectively “temporary agencies”) to provide equal pay and equal... Find out more »
Legal Alert: IRS Issues Affordability Percentage Adjustment for 2024
This alert is of interest to all applicable large employers (ALEs) – generally, those with at least 50 full-time equivalent employees.
The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation adjusted amounts for 2024 used to determine whether... Find out more »
Legal Alert: Agencies Release Proposed Regulations on Fixed Indemnity Insurance, Seek Comments on Level Funded Plans
On July 12, 2023, the IRS, DOL and HHS (collectively, “the Agencies”) released proposed regulations that modify the conditions for hospital indemnity and other fixed indemnity insurance to be considered an “excepted benefit.” Maintaining “excepted... Find out more »
Employers Navigating Inflation Even as Benefits Plan Designs Stabilize
Fourth Annual ‘Healthcare and Employee Benefits Benchmarking Survey’ Reveals Market Trends
Deerfield, IL (July 19, 2023) — A new study measuring employee benefits and human capital management challenges reveals that after navigating through a period of unprecedented upheaval,... Find out more »
FICA Reduction Redux – IRS Issues Guidance on Wellness Indemnity Payments
On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal Insurance Contributions Act (FICA) taxes, Federal Unemployment Tax Act (FUTA) taxes, and federal income tax withholding... Find out more »
Alera Group HR Communications Agency, Blue Communications, Celebrates Winning Multiple Hermes Creative Awards
Deerfield, IL (June 27, 2023) — Alera Group specialty practice Blue Communications received six awards at this year's Hermes Creative Awards, adding to honors the agency has received from one of the world’s most prestigious creative competitions.
Among the nation’s premier... Find out more »
Alera Group Appoints Mark Dennis as Managing Director of the Northwest Region
Deerfield, IL (June 22, 2023) — Alera Group, a top independent national insurance and wealth services firm, announced today that Mark Dennis has been appointed as Managing Director for the Northwest region.
In his new role, Mark will help drive Alera Group’s growth activities and... Find out more »
