P&C Underwriting Loss
U.S. P&C Insurers Record Q1 $8.2B Underwriting Loss The underwriting loss—the industry’s “first and largest” loss in 12 years—and a combined ratio of 102.2% marked a big swing from the first quarter of 2022 when...
Read MoreNew Form I-9
New Form I-9 Available Aug. 1, 2023, With a Remote Verification Option for E-Verify Users On July 21, 2023, the U.S. Citizenship and Immigration Services (USCIS) announced a new version of Form I‑9, also known as the...
Read MoreGuidance on Wellness Indemnity Payments
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...
Read MoreHealth Care Spending on the Rise
Health Care Spending Projected to Surpass $7 Trillion by 2031 Estimates from the Centers for Medicare and Medicaid Services (CMS) project annual U.S. health care spending to reach approximately $7.2 trillion in 2031. In 2022,...
Read More