16 Apr COVID-19 Vaccine Guidance for People With Allergies
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09 Apr Risk Insights: Incidental Tire Storage and Fire Safety
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However, such storage can result in serious fire hazards. Specifically, the rubber material typically found in tires can be extremely dangerous and damaging in the event of a fire. Although this material is slower to ignite, it can burn rapidly and emit high heat once a fire starts—making the flames difficult to extinguish.
A wide range of organizations—including car dealerships, mechanics, auto body shops, gas stations and numerous retailers—keep tires stored at their commercial properties.
However, such storage can result in serious fire hazards. Specifically, the rubber material typically found in tires can be extremely dangerous and damaging in the event of a fire. Although this material is slower to ignite, it can burn rapidly and emit high heat once a fire starts—making the flames difficult to extinguish. 09 Apr Construction Industry Leads Others in Slips, Trips and Falls
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A look inside Advisen’s database shows which industries and states have the highest frequency and severity of these claims.
Looking at general liability losses in Advisen’s loss database that contain the words “slip,” “trip” or “fall,” the construction industry had the greatest frequency of losses, followed by retail trade and real estate.
Slips, trips, and falls are a leading cause of insurance claims for businesses, affecting virtually every industry.
A look inside Advisen’s database shows which industries and states have the highest frequency and severity of these claims.
Looking at general liability losses in Advisen’s loss database that contain the words “slip,” “trip” or “fall,” the construction industry had the greatest frequency of losses, followed by retail trade and real estate. 09 Apr 2021 CVSA Out-of-Service Criteria Now in Effect
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The new criteria supersede all previous iterations.
On April 1, the Commercial Vehicle Safety Alliance (CVSA), a nonprofit association dedicated to improving commercial motor vehicle safety, published its 2020 North American Standard Out-of-Service Criteria (OOSC).
The new criteria supersede all previous iterations. 09 Apr CVSA Reveals 2021 Focus for Upcoming Operation Safe Driver Week
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Review the following guidance for further information on the purpose of Operation Safe Driver Week, this year’s focus and what motor carriers can do to prepare for the upcoming campaign.
Operation Safe Driver Week—an annual campaign conducted by the Commercial Vehicle Safety Alliance (CVSA)—will take place from July 11-17. This year’s focus will be on speeding.
Review the following guidance for further information on the purpose of Operation Safe Driver Week, this year’s focus and what motor carriers can do to prepare for the upcoming campaign.
The Purpose of Operation Safe Driver Week
Operation Safe Driver Week is an annual, seven-day initiative created by the CVSA to help detect and prevent unsafe behaviors on the road among commercial drivers.09 Apr CDC to Vaccinated Americans: You Can Travel Freely, but Stay Cautious
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The agency said that fully vaccinated individuals may resume travel at a low risk to themselves without tests or quarantines within the United States. Individuals are considered fully vaccinated two weeks after receiving their final vaccine dose.
The CDC stressed that COVID-19 preventive measures should still be maintained during this time, including social distancing and mask-wearing, even for those who are fully vaccinated.
On Friday, April 2, 2021, the Centers for Disease Control and Prevention (CDC) announced relaxed travel recommendations for vaccinated Americans.
The agency said that fully vaccinated individuals may resume travel at a low risk to themselves without tests or quarantines within the United States. Individuals are considered fully vaccinated two weeks after receiving their final vaccine dose.
The CDC stressed that COVID-19 preventive measures should still be maintained during this time, including social distancing and mask-wearing, even for those who are fully vaccinated. 09 Apr IRS Publishes Guidance for 2021 Employee Retention Credit (Q1/Q2)
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The ERC was originally created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and has since been modified and extended by other laws—most recently, the American Rescue Plan Act (ARPA) on March 11, 2021.
On April 2, 2021, the Internal Revenue Service (IRS) published Notice 2021-23 to provide guidance for employers claiming the employee retention credit (ERC) for the first two quarters of 2021.
The ERC was originally created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and has since been modified and extended by other laws—most recently, the American Rescue Plan Act (ARPA) on March 11, 2021. 09 Apr DOL Issues Model Notices, FAQs for COBRA Subsidy in the ARPA
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The ARPA provides a 100% subsidy for employer-sponsored group health insurance continued under COBRA and similar state continuation of coverage programs for eligible individuals. The subsidy applies from April 1 through Sept. 30, 2021. The notices and the FAQs appear on a new DOL webpage dedicated to the ARPA COBRA subsidy.
On April 7, 2021, the U.S. Department of Labor (DOL) issued FAQs and model notices for the COBRA premium assistance provisions of the American Rescue Plan Act (ARPA).
The ARPA provides a 100% subsidy for employer-sponsored group health insurance continued under COBRA and similar state continuation of coverage programs for eligible individuals. The subsidy applies from April 1 through Sept. 30, 2021. The notices and the FAQs appear on a new DOL webpage dedicated to the ARPA COBRA subsidy. 09 Apr Consolidated Appropriations Act and Mental Health Parity FAQs
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On April 2, 2021, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) jointly issued FAQs to clarify these amendments.
In particular, the CAA requires group health plans and health insurance issuers to conduct comparative analyses of the nonquantitative treatment limitations (NQTLs) used for medical and surgical benefits as compared to mental health and substance use disorder (MH/SUD) benefits. The comparative analyses, and certain other information, must be made available upon request to applicable agencies beginning Feb. 10, 2021.
The Consolidated Appropriations Act, 2021 (CAA) amended the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) to provide additional protections.
On April 2, 2021, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) jointly issued FAQs to clarify these amendments.
In particular, the CAA requires group health plans and health insurance issuers to conduct comparative analyses of the nonquantitative treatment limitations (NQTLs) used for medical and surgical benefits as compared to mental health and substance use disorder (MH/SUD) benefits. The comparative analyses, and certain other information, must be made available upon request to applicable agencies beginning Feb. 10, 2021. 09 Apr 2021 General Liability Insurance Market Outlook
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As worsening social inflation concerns, surging medical expenses and the ongoing COVID-19 pandemic continue to contribute to a rise in liability claim frequency and severity, the market has preceded to harden. Due to these market conditions, we predict that most policyholders will encounter another year of rate increases across their liability lines in 2021. Many insureds may also experience lowered capacity and further underwriting scrutiny during the renewal process. Policyholders who operate in sectors with elevated general liability exposures may be more prone to double-digit rate increases and experience difficulties securing higher coverage limits.
In recent years, the general liability market has consistently underperformed, resulting in heightened underwriting losses and subsequent rate increases.