Articles

Fraudulent Instruction Loss: How Crime and Cyber Insurance Policies Intersect

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Insights

There is always something exciting happening at Lockton. Here are just a few from our newsroom.

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Articles
Fraudulent Instruction Loss: How Crime and Cyber Insurance Policies Intersect

Email-based fraudulent instruction scams are among the most common schemes affecting businesses today, and can be a source of significant frustration and financial loss. Crime and cyber policies represent the two most common sources of insurance recovery for losses from such schemes, and it’s vital  …

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Alert
Department of Labor increases 2023 penalty amounts for health and welfare benefit plan violations

ERISA penalties adjusted for inflation The Department of Labor (DOL) recently announced the inflation adjusted civil monetary penalties for a wide range of benefit-related violations. Federal regulations require the DOL to adjust penalties for inflation by Jan. 15 annually. The 2023 adjusted penalty …

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Articles
Violence in the Workplace Preparation & Response Strategies

Workplace violence is not a new phenomenon. But recent statistical analyses reflect how prevalent a problem it is for employees and employers — and suggest it is a growing concern. Beyond the physical effects, including potential injuries and fatalities, victims of violence and those who are indirec …

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Alert
Telehealth extension providing flexibility for HDHPs and HSAs is here! But be wary of gap for non-calendar year plans

On Dec. 29, 2022, Congress passed the 2023 omnibus spending bill which contains a two-year extension of the telehealth accommodation for high-deductible health plans (HDHPs). This means that telehealth services can be provided prior to the deductible of HDHPs being met without sacrificing eligibilit …

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Alert
Tri-agencies provide good faith reliance relief and grace period for CMS RxDC reporting obligations

Executive summary Coming in at the 11th hour in the midst of the holidays, the United States Departments of Labor, Health and Human Services, and Treasury (the Departments), have released guidance providing a good faith reliance standard as well as a grace period through Jan. 31, 2023, for the presc …

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Alert
Extension of time to furnish ACA statements to individuals made permanent

The IRS has finalized the proposed regulations released at the end of 2021, granting a permanent 30-day extension to the Jan. 31 deadline for furnishing Affordable Care Act (ACA)-related Forms 1095-B and -C to individuals who, at any point in the prior year (the reporting year), were ACA full-time e …

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