The Insurance Department recently approved five Pennsylvania Compensation Rating Bureau (PCRB) filings, all of which carry April 1, 2021 effective dates. The following PCRB Circulars detail the changes: Circular No. 1747 Basic Manual Housekeeping Revisions to Section 2 Circular No. 1748 (includes revised level for the State Average Weekly Wage) Revisions to Designated Auditable Payrolls […]
PA Workers’ Comp Updates Read More »
If you write through the National Flood Insurance Program (NFIP), take note of the forthcoming program changes, including: EFFECTIVE APRIL 1, 2021 Updated premium rates Updated Community Rating System EFFECTIVE JAN 1, 2022 Updated base premiums for Preferred Risk Policies and policies rated under the Newly Mapped Procedure Updated premium multiplier tables for policies rated
Upcoming NFIP Changes Read More »
The Delaware Department of Insurance (DOI) updated Universally Applicable Bulletin No. 5, which outlines the Delaware Insurance Data Security Act requirements. The updates include: A change to the DOI’s email address (now doidatasecurity@delaware.gov), where notices of a data breach are sent The addition of a requirement to for insurers to submit an annual certification of
DE Insurance Data Security Act Reminder Read More »
As a reminder, a U.S. District Court in Pittsburgh last month struck down some of Gov. Wolf’s COVID-19 shutdown orders as unconstitutional, including the business closure and stay-at-home orders (which already have been suspended), as well as the 25-person indoor and 250-person outdoor gathering limitations.Gov. Wolf filed an appeal and last week was granted a
Appeals Court Grants Stay for Governor’s Shutdown Orders Read More »
Changes to Pennsylvania’s overtime eligibility standards went into effect Oct. 3 after a lengthy regulatory review process. As a reminder, the now final regulation will gradually raise the threshold to potentially qualify for overtime exempt status to $875 per week ($45,500 annually) in October 2022, with automatic adjustments to the salary threshold thereafter.Please note: Pennsylvania’s
PA Overtime Reg in Effect Read More »
Late last month hackers attacked insurance broker Arthur J. Gallagher & Co. (to include claims unit Gallagher Basset). The ransomware incident forced the firm to take its global systems offline and turn to outside cybersecurity professionals for help. Ransomware attacks increased almost 50% between the first and second quarters of 2020, according to a recent
Ransomware Incident Offers Cautionary Tale Read More »
A federal judge in Pittsburgh this week struck down some of Gov. Tom Wolf’s COVID-19 shutdown orders as unconstitutional, including the business closure and stay-at-home orders (which already have been suspended), as well as the 25 person indoor and 250 person outdoor gathering limitations which are still in effect. The ruling stems from a civil
Federal Judge Rules Shutdown Orders Unconstitutional Read More »
