By Anita Byer, Setnor Byer Insurance & Risk It’s only a matter of time before a condominium association will need to hire a contractor for a construction project on the property. In fact, hiring professionals to rebuild, renovate or repair association property is one of the...
By Anita Byer, Setnor Byer Insurance & Risk The Affordable Care Act’s affordability threshold will be lower in 2024 than ever before. The Internal Revenue Service recently announced that the affordability threshold for employer-sponsored group health plans that begin in 2024 will be 8.39 percent. The...
By Anita Byer, Setnor Byer Insurance & Risk Buying homeowners’ insurance has become a pain in the you know what. It keeps getting harder for homeowners to find adequate and affordable insurance in a market with dwindling coverage options and surging prices. Unfortunately, it is starting...
By Anita Byer, Setnor Byer Insurance & Risk Florida employers may be paying less for workers’ compensation insurance next year. The National Council on Compensation Insurance (NCCI) is recommending an average 15.1 percent rate level decrease in Florida’s voluntary workers’ compensation market for 2024. NCCI, a...
By Anita Byer, Setnor Byer Insurance & Risk The National Oceanic and Atmospheric Administration recently updated its 2023 Atlantic hurricane season forecast, but not for the better. Prompted in part by record-warm sea surface temperatures, NOAA forecasters have increased their prediction for the ongoing 2023 Atlantic...
By Anita Byer, Setnor Byer Insurance & Risk The Occupational Safety and Health Administration recently published a final rule that creates a new injury and illness reporting requirement for employers operating in certain industries. As of January 1, 2024, establishments with 100 or more employees operating...
By Anita Byer, Setnor Byer Insurance & Risk Numerous changes were recently made to Florida’s mandatory milestone inspection requirement for condominium associations. This statewide requirement was enacted last year to ensure aging condominium buildings that are three stories or more in height remain safe for continued...
By Anita Byer, Setnor Byer Insurance & Risk When it comes to protecting our homes against weather and climate disasters, our perception of weather risks must match the current reality, which is constantly changing. For instance, the reason it seems like damaging weather events are happening...
By Anita Byer, Setnor Byer Insurance & Risk If you are an employer sponsoring an employee group health plan, you must have an ERISA-compliant Summary Plan Description. The federal Employee Retirement Income Security Act (ERISA) is designed to protect plan participants by setting minimum disclosure standards...
By Anita Byer, Setnor Byer Insurance & Risk The National Oceanic and Atmospheric Administration is predicting near-normal hurricane activity for the 2023 Atlantic hurricane season. NOAA forecasters predict a 40% chance of a near-normal season, a 30% chance of an above-normal season and a 30% chance...