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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

Senate Passes Resolution to Repeal Vaccine Mandate for Private Sector Employers

Senate Passes Resolution to Repeal Vaccine Mandate for Private Sector Employers

December 23, 2021
On Dec. 8, 2021, the Senate voted on and passed a resolution to repeal President Biden’s vaccine mandate for private employers. The resolution passed with a simple majority vote of 52 to 48. The resolution aims to overturn the Occupational Safety and Health Administration’s (OSHA) emergency temporary standard (ETS) that requires private employers of 100…
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Key Takeaways From OFAC’s Ransomware Guidance

Key Takeaways From OFAC’s Ransomware Guidance

December 21, 2021
To address the epidemic of ransomware attacks against public and private entities, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated its advisory on ransomware payments and included the first-ever sanctioning of virtual currency exchange. The Updated Advisory addresses the sanctions risks associated with paying ransomware actors. It also outlines OFAC’s…
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Understanding the Omicron Variant

Understanding the Omicron Variant

December 19, 2021
A new variant of coronavirus is prompting renewed concern regarding the pandemic. The World Health Organization (WHO) named the new variant “Omicron.” Omicron is labeled a “variant of concern,” the agency’s serious category for tracking. Such a designation is reserved for dangerous variants that may be more transmissible or virulent or could decrease the effectiveness…
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OSHA_Top_10_Most_Frequently_Cited_Standards_FY_2021_featured

OSHA’s Top 10 Most Frequently Cited Standards for Fiscal Year 2021 – Infographic

December 16, 2021
For additional industry updates and risk management resources, contact us today.
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Workplace Parties During the 2021 Holiday Season

Workplace Parties During the 2021 Holiday Season

December 14, 2021
Many employees look forward to year-end workplace holiday celebrations. These events allow employees to celebrate with their colleagues and sometimes even family and guests. Importantly, these celebrations can also be a great way to drive employee engagement. While these events are often a long-standing company tradition, many organizations canceled holiday parties last year or found…
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New Rule Requires Reporting of Medical and Prescription Drug Costs

New Rule Requires Reporting of Medical and Prescription Drug Costs

December 12, 2021
On Nov. 17, 2021, federal agencies released an interim final rule requiring health plans and issuers to report information regarding the cost of prescription drugs and certain medical expenses. This rule is a continuation of the Biden administration’s efforts to promote greater transparency in health care spending. Overview of the Interim Final Rule This rule…
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President Biden Plan to Combat COVID-19 in Winter Months

President Biden Plan to Combat COVID-19 in Winter Months

December 9, 2021
On Thursday, Dec. 2, 2021, President Joe Biden spoke at a press conference where he outlined a multiprong approach to combat COVID-19 this winter. The plan is described as having the following goals: Drafting a rule that requires private insurers to reimburse the costs of at-home COVID-19 tests Getting the approximately 43 million vaccine holdouts…
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Best Practices for Board Composition

Best Practices for Board Composition

December 5, 2021
Board composition contributes greatly to the overall success of a business. To be effective, boards must reflect the strategic priorities and challenges of the company, the relevant areas of risk and the diversity of stakeholders. The skills and experience of the board should align with the company’s long-term strategy. While stakeholders may not know the…
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New Trucking Safety Provisions in the $1 Trillion Infrastructure Bill

New Trucking Safety Provisions in the $1 Trillion Infrastructure Bill

December 2, 2021
The White House’s new $1 trillion infrastructure bill was signed into law on Nov. 15, 2021. This bill contains several provisions affecting commercial motor vehicle (CMV) safety and operations. These provisions can be found in the Surface Transportation Act of 2021 part of the bill. This article outlines some of the provisions within the Surface…
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5 Hybrid Work Model Mistakes to Avoid

5 Hybrid Work Model Mistakes to Avoid

November 30, 2021
The COVID-19 pandemic forced businesses to adapt and test their operational capacities. One of the most common pivots has been remote work. Now that workplaces are reopening, a significant number of employees want to retain their remote status. In fact, 58% of workers said they want a fully remote position, and only 3% said they…
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