Risk Briefs

ACA’s affordability threshold will be lower than ever before in 2024

<big><strong><span style="color: #ff9900;"> ACA’s affordability threshold will be lower than ever before in 2024</span></strong></big>
The Affordable Care Act’s affordability threshold will be lower in 2024 than ever before. The Internal Revenue Service recently announced that the affordability threshold for employer-sponsored group health plans that begin in 2024 will be 8.39 percent.

NCCI proposes 15% rate decrease for Florida workers’ compensation insurance in 2024

<big><strong><span style="color: #ff9900;">NCCI proposes 15% rate decrease for Florida workers’ compensation insurance in 2024</span></strong></big>
Florida employers may be paying less for workers’ compensation insurance next year. The National Council on Compensation Insurance (NCCI) is recommending an average 15.1 percent rate level decrease in Florida’s voluntary workers’ compensation market for 2024.

Florida’s new workers’ compensation rules modify employer penalties and exemption procedures

<big><strong><span style="color: #ff9900;">Florida’s new workers’ compensation rules modify employer penalties and exemption procedures</span></strong></big>
The Florida Division of Workers’ Compensation recently finalized amendments to various administrative rules, including those governing employer penalties and exemption procedures.

When do employers need a Summary Plan Description?

<big><strong><span style="color: #ff9900;">When do employers need a Summary Plan Description?</span></strong></big>
If you are an employer sponsoring an employee group health plan, you must have an ERISA-compliant Summary Plan Description.

Fraudulent funds transfer quietly becoming leading driver of cyber loss

<big><strong><span style="color: #ff9900;">Fraudulent funds transfer quietly becoming leading driver of cyber loss</span></strong></big>
Employers and HR managers need to know that fraudulent funds transfer (FFT) is quietly becoming a leading driver of organizational cyber loss.

COVID national emergency ends, COBRA says what?

<big><strong><span style="color: #ff9900;">COVID national emergency ends, COBRA says what?</span></strong></big>
Attention HR managers and COBRA administrators! On April 10, 2023, House Joint Resolution 7 was signed into law, ending the national emergency declared back in March 2020 due to the COVID-19 pandemic.

New law gives Florida condos blueprint to limit premises liability

<big><strong><span style="color: #ff9900;">New law gives Florida condos blueprint to limit premises liability</span></strong></big>
Florida’s recently enacted tort reform bill includes a new law to help condominium associations defend against negligent security premises liability claims

Does workers’ comp cover employees injured at company-sponsored events?

<big><strong><span style="color: #ff9900;">Does workers’ comp cover employees injured at company-sponsored events?</span></strong></big>
What happens if an employee is injured while attending a company-sponsored event? Is the injury covered under their employer’s workers’ compensation policy? Well, that depends.

FTC proposes ban on non-compete clauses for employee

<big><strong><span style="color: #ff9900;">FTC proposes ban on non-compete clauses for employee</span></strong></big>
The Federal Trade Commission recently proposed a new rule that would ban the use of non-compete clauses in employment agreements.