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Effective January 1, 2017, the WCIRBs proposed variable split point experience modification formula will replace the current single split point formula.

Nobody ever thinks that they will be the victim of an act of violence or terrorism in the workplace, even as these tragic events become more and more common in our society. As a result, little is done to prepare for or be aware of the potential warning signs that may offer evidence that something really bad is about to happen.

Risk managers typically dont have the capacity to invest large amounts of time preparing for a loss that may never occur. But when you reserve a reasonable amount of time to prepare for certain losses that could be damaging to your business, the effort can more than pay for itself in the long run.

All too often, the D&O policy is relied upon as the risk management strategy, and while it’s meant to provide a safety net when it’s needed, corporate governance is a more proactive first step.

As announced in our December 2015 alert, the Consolidated Appropriations Act was passed to permanently create parity between the mass transit/commuter benefit (Transit Expenses) limit and the qualified parking benefit so that both limits under Code 132 are increased to $255 per month effective January 1, 2016. However, the Act also provided a retroactive increase to the 2015 Transit Expenses from $130 per month to $250 to match the monthly benefit maximum for qualified parking expenses, which left employers with many questions as to how to implement the increase for 2015.