News, Insights and Observations
From your trusted insurance advisors
With a team of nearly 50 insurance experts and all-around good people, we sometimes think we’ve seen it all. If you need information on commercial or personal insurance or employee benefits; want news on best practices or maybe just a feel-good story, check in with Campbell. We’re here to share what we know.
National Safety Stand-down to Prevent Falls in Construction Will Be Held May 1-5, 2023
The tenth annual National Safety Stand-down to Prevent Falls in Construction is slated for May 1-5, 2023. Falls from elevation are a leading cause of job-related deaths for construction workers. This event, conceived by OSHA, is designed to raise awareness…
Supreme Court Cases that May Impact Employers in 2023
During its 2022-2023 term, the U.S. Supreme Court will hear and decide cases that could have a significant influence on the workplace. Even though labor and employment laws and regulations change every year, the current Supreme Court term will likely…
Gag Clause Attestations Are Due by December 31, 2023
On Feb. 23, 2023, the Departments of Labor, Health and Human Services, and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of the Consolidated Appropriations Act, 2021 (CAA). These FAQs require health plans…
Cyber Attacks: A Growing Business Interruption Threat
When you think about what usually causes a business interruption, natural disasters such as fires, earthquakes, and floods probably come to mind first. These events can physically damage your property and equipment, making your workplace unusable for a time. The…
15 Warning Signs of Workers’ Compensation Fraud
Workers’ compensation insurance is among the “must have” insurance policies for business. More than 94% of American businesses carry workers’ compensation insurance, protecting over 135 million employees. This insurance works well as a no-fault method of paying workers for medical…
Affordable Care Act Pay or Play Penalties Will Increase for 2024
On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). For calendar year 2024, the adjusted $2,000 penalty amount is $2,970 and…
President Biden Vetoes Challenge to Department of Labor ESG Rule
Late last year, the U.S. Department of Labor (DOL) finalized a rule allowing plan fiduciaries to consider climate change and other environmental, social, and governance (ESG) factors when they make investment decisions and exercise shareholder rights. Specifically, the rule clarified…
IRS Releases FAQs on Medical Expenses Related to General Health, Nutrition and Wellness
On March 17, 2023, the IRS released a set of frequently asked questions (FAQs) to address whether certain costs related to general health, nutrition, and wellness are medical expenses that can be paid or reimbursed by a health savings account…
National Distracted Driving Enforcement Campaign Is April 3-10, 2023
The National Highway Traffic Safety Administration (NHTSA) is running a National Distracted Driving Enforcement Mobilization Campaign April 3-10, 2023. This campaign is designed to help law enforcement officers implement distracted driving laws across the United States. The Enforcement Campaign will run simultaneously…
Employee Benefit Plan Limits for 2023
Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered employee benefits are subject to these limits: The IRS typically announces the dollar limits that will apply for the…