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

White House Cancels $1.2 Billion in Student Debt for More Than 150,000 Borrowers

White House Cancels $1.2 Billion in Student Debt for More Than 150,000 Borrowers

March 17, 2024
On Feb. 21, 2024, President Joe Biden approved $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in Saving on a Valuable Education (SAVE) repayment plans, lowering their financial burden. Originally planned for July, this approval relieves borrowers almost six months early. The SAVE plan is an income-driven repayment plan that bases…
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Trucking Risk Insights - Trucking Industry Trends to Watch in 2024

Trucking Industry Trends to Watch in 2024

March 12, 2024
Trucking industry conditions are constantly evolving, and businesses in the truck transportation subsector need to be aware of the changing landscape to maintain operational success. This year, trends that could impact the industry include economic challenges, driver shortages, social inflation contributing to rising commercial auto insurance rates, and utilizing electronic vehicles (EVs) in compliance with…
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DOL's FAQs on the PUMP Act for Retail and Restaurant Industries

DOL’s FAQs on the PUMP Act for Retail and Restaurant Industries

March 3, 2024
As of Dec. 29, 2022, the Providing Urgent Maternal Protections for Nursing Mothers (PUMP) Act expands existing requirements under the Fair Labor Standards Act (FLSA) for employers to provide break time and a private place, other than a bathroom, for employees to express breast milk. Under the PUMP Act, these requirements now apply to almost…
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Mistaken HSA Distributions

Mistaken HSA Distributions

February 29, 2024
Health savings accounts (HSAs) have become integral to many employers’ benefits packages, as they offer employees a valuable tool for managing health care expenses while enjoying tax advantages. However, administering HSAs is more than just facilitating contributions. It also requires understanding and involves addressing mistakes with distributions that employees may encounter. This article explores the…
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Cyber Liability - Managed Detection and Response Explained

Cyber Liability – Managed Detection and Response Explained

February 24, 2024
The cyber risk landscape is in a state of constant evolution, with cybercriminals quick to exploit emerging technologies for malicious purposes. In response, businesses are exploring innovative methods to detect and prevent these attacks. One such option is a managed detection and response (MDR) service, which combines technology and human expertise to monitor and address…
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Deepfake Scammers Con Company Out of Over $25 Million

Cyber Update – Deepfake Scammers Con Company Out of Over $25 Million

February 10, 2024
At a briefing on Friday, Feb. 2, 2024, Hong Kong police revealed that a recent cyber incident involving deepfake technology resulted in a finance professional at a multinational firm being manipulated into wiring more than $25 million in company funds to fraudsters. This event showcased the widespread damage that can be caused by deepfakes, which…
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Ashlae Cook - ESOP Interview Spotlight!

Ashlae Cook – ESOP Interview Spotlight

February 2, 2024
1. Why is being in an ESOP important to you? I believe this is important as it redirects my mindset of who I work for and why. My drive is to always do my best, but I think this re-energizes my work ethic as my success and the success of my team directly affects the…
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Exploring Obesity’s Impact on the Workplace

Exploring Obesity’s Impact on the Workplace

January 24, 2024
Obesity has become a global health epidemic, affecting millions of individuals worldwide. Beyond its impact on personal well- being, obesity poses significant challenges for employers and workplaces. Whether it’s decreased productivity or increased health care costs, the repercussions of obesity in the workplace are far-reaching. This article discusses the multifaceted impact of obesity on employers…
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Think Well, Be Well: Coping With the Winter Blues

Coping With the Winter Blues

January 14, 2024
As winter settles in, bringing colder temperatures and shorter days, many individuals grapple with a common phenomenon known as the winter blues, which are symptoms of low-level sadness lasting through the winter months. Going beyond winter blues, some people may have a complex type of depression called seasonal affective disorder (SAD). People experiencing SAD show…
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Cyber Risk - Juice Jacking Explained

Juice Jacking Explained

January 4, 2024
Charging a battery through a free public USB charging station may seem innocuous, but doing so could result in costly cybersecurity issues. Through a tactic known as juice jacking, a malicious actor can gain access to an individual’s device when they connect to these ports. Since these charging stations are common in public places like…
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