The year 2020 has brought many unexpected changes to the world, including the insurance markets. We were already experiencing hardening market conditions in the insurance industry even before the COVID-19 pandemic applied further rate pressure.
The latest insurance articles, insight, and news from Armada Risk Partners.
It’s a truism of business that organizations that add the most value for their clients and other stakeholders tend to thrive. But when it came to a once-in-a-century pandemic, all bets were off for us in the early going. After all, there was no playbook for how to respond to a global pandemic sitting around on our shelf. So we decided to make one up as we went.
When looking for strategies that can help a private equity firm protect the investments in its portfolio and give them a competitive edge, many executives are now turning to Trade Credit insurance as a solution.
The month of May was Mental Health Awareness Month. June is here and mental health awareness should be just as important and available.
On May 12, 2020, the IRS released Notice 2020-29, which provides temporary flexibility for mid-year election changes under a Section 125 cafeteria plan during calendar year 2020. The changes are designed to allow employers to respond to changes in employee needs as a result of the COVID-19 pandemic.
After observing a 30-day nonenforcement period to help employers come into compliance with new paid leave rules, the U.S. Department of Labor (DOL) has announced that it is fully enforcing all provisions of the Families First Coronavirus Response Act (FFCRA).
As you know from prior alerts, the Families First Coronavirus Response Act (FFCRA) was signed into law by President Trump on March 18, 2020, and are effective this Wednesday, April 1st. After three rounds of Questions and Answers from The US Division of Labor, we have aggregated all into a singular news alert for simplification and to aid in understanding and compliance with this new legislation.
The CARES Act, in addition to providing previously mentioned SBA loans available, also makes a variety of changes affecting health plans.
In these continued challenging times, Armada wants to make sure you were aware of new programs available in response to the coronavirus (COVID-19) pandemic.
The attached compliance bulletin helps to clarify the exemptions small businesses may qualify for with regard to the Families First Coronavirus Response Act (FFCRA).
