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How employers can leverage kidnap and ransom insurance to protect employees

Higginbotham

Research from Control Risks shows that kidnap-for-ransom plots have been on the rise since 2019 and are expected to continue to increase in response to socioeconomic disparities and other factors. In 2019, the average demand was $259,913. How does kidnap ransom insurance coverage work? Ransom demands are also becoming larger.

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Premature Satisfaction of a Third-Party Lien

Workers' Compensation

Background On October 23, 2019, the defendant, Darshelle Joseph, was injured during the course of his employment with the plaintiff, New Jersey Transit Corp. (NJ Joseph settled with his uninsured motorist (UM) insurance carrier for $14,000 in the underlying action. NJ Transit).

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Our Take on the CVS Health Hubs Concept

Corporate Synergies

“Our Take” is Corporate Synergies commentary on employee benefits and insurance topics that are in the news. Since CVS announced its plans to buy insurance carrier Aetna in December 2017, many experts, including ours , speculated how the acquisition and other similar ones would change healthcare. RELATED TOPICS.

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SC Appellate Court Chides Commission for Summarily Dismissing Appeal

The Workcomp Writer

A Form 31 Briefing Schedule and Notice of Appellate Hearing was served on all parties April 12, 2019. The Form advised that Appellant’s brief was due on May 12, 2019, and that Regulation 67-705(A) required Appellant to file a brief. On May 23, 2019, the commission dismissed Hartford’s appeal for failure to file its brief by May 12.

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Texas Court Stresses Comp Carrier is Entitled to Full “First Money” in Worker’s Third-Party Tort Settlement

The Workcomp Writer

The appellate court initially observed that the state’s supreme court had repeatedly stated that an insurance carrier is entitled to recover all benefits paid to an injured worker out of the “first money” the worker recovers from a liable third party [citing Exxon Mobile Corp. Insurance Co. 2019) (citing Tex.

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Medical Plans Have PCORI Fee Extended 10 Years

Fringe Benefit Analysts

Also known as a PCORI fee, it had a sunset date on a group’s medical plan anniversary date in 2019. At the end of 2019, Congress reauthorized the annual payment of the PCORI fee until 2029. Accordingly, if a plan sponsor files Form 720 only to report PCORTF fees, a Form 720 should not be filed for the first, third, or fourth quarter.).

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Vendor Contracts – Beware of These Five Pitfalls in Employee Benefits Agreements

Griffin Benefits

Furthermore, the DOL's Fiduciary Rule, which went into effect July 1, 2019, has also helped neutralize some of these more unreasonable provisions. If the liability exists, the vendor or the vendor's insurance carrier should handle it. We could provide countless others. The point is that no cap should exist.