Property and casualty coverage looks different today than this time last year. In the second annual issue of our P&C Looking Ahead Guide, we'll provide the timely information you need to stay atop industry updates and trends as we move into 2019.
The House and Senate has agreed to a bipartisan legislative package of spending bills to avoid a government shutdown. This package of bills is collectively referred to as the Further Consolidated Appropriations Act, 2020 (the "Act").
The Internal Revenue Service (IRS) has released Notice 2019-63, which extends the deadline for furnishing 2019 Forms 1095-B and 1095-C to individuals from January 31, 2020 to March 2, 2020. In this compliance alert, you'll receive details on the new timeline and the new good-faith penalty relief policies for employers.
The IRS has released draft forms and instructions for the 2019 B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) used by employers and coverage providers to report certain information to full-time employees and the Internal Revenue Service (IRS). In this compliance alert, you'll receive background information on added sections to the Affordable Care Act as well as a more in-depth explanation of reporting under these new draft forms.
In this M&A Trend Report, we discuss in depth what we're seeing in terms of market rates and claims, the types of products being used/introduced to combat M&A risks, and what to expect moving forward into 2020.
Throughout this comprehensive and third annual guide, our team of P&C experts describe what various industries can expect as they look to 2020 and the insurance solutions that can lessen the blow of a difficult market.
On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains the cost-of-living adjustments that apply to dollar limitations in certain sections of the Internal Revenue Code.
Public Safety Power Shutoffs (PSPS), are intended to prevent wildfires caused by power lines during windy dry weather, particularly during the Santa Ana fire season (October–March), although the summer fire season (June–September) also has this potential. To help you stay informed about this, here are key takeaways on this new risk mitigation effort.