Last week the U.S. Department of Labor (USDOL) announced that the new salary level test for the administrative, executive, and professional employees exemptions from the overtime pay requirements of the Fair Labor Standards Act (“FLSA”) would become effective on January 1, 2020. On and after that date, for an employee to satisfy the requirements of […]
Read more...Category: Current Events
IIAG Annual Convention – What You Missed
In addition to a lot of rain, those who did not attend IIAG’s annual convention this past weekend on Hilton Head Island missed a great presentation on traffic safety, important information about new services available to members, some good tips on how to protect your agency from cyber attack, and an informative and lively speech […]
Read more...UGA Risk Management Program Maintains #1 Ranking
Congratulations are again in order for the University of Georgia’s Risk Management and Insurance program. It has been ranked as the number 1 such program in the country by U.S. News and World Report. That was the case in 2015 when I last did a post on this subject and according to the college’s […]
Read more...Do I Have to Give My Employees Time Off to Vote?
Due to my travel schedule and client demands, I have not kept up with my goal of making a post to this blog at least once a week. Beginning today, I hope to get back on that schedule. In light of the intense interest in this year’s elections, I thought it would be a good […]
Read more...IIAG Annual Convention – What You Missed
About 10 days ago, the Independent Insurance Agents of Georgia held their annual convention. This year, after many years at Amelia Island Plantation, the convention moved to the Marriott Resort on Hilton Head Island. Unfortunately, the weather was not as great as the facility, but a good time was had by all who attended. […]
Read more...Severe Weather Issues for Insurance Agencies
Given the likelihood that Hurricane Irma will have a significant impact on the Georgia coast and potentially other areas of the state, I thought it would be a good idea to remind agency owners of the rules regarding payment of their employees if their offices are closed. My blog post in January of this year explains those rules […]
Read more...IIAG Annual Convention – What You Missed Too
My last post described what Harrison Brooks of Reagan Consulting had to say to those who attended IIAG’s annual convention earlier this month about major trends affecting the insurance industry. He also had some advice on how an agency can determine if it is doing what needs to be done to be successful in the long […]
Read more...IIAG Annual Convention – What You Missed
The 120th annual meeting of the Independent Insurance Agents of Georgia was held earlier this month. It began earlier than usual with a two hour legislative panel on Thursday afternoon followed by morning meetings on Friday and Saturday, which ended an hour earlier than usual. However, the information and networking opportunities provided were as valuable as […]
Read more...Do You Know What a QSEHRA Is?
If you don’t know the answer to the above question, you should for it can be a benefit to both your agency and your small commercial lines customers. QSEHRA stands for “Qualified Small Employer Health Reimbursement Arrangements”, which were created by the 21st Century Cures Act that was signed by President Obama just over three […]
Read more...FLSA Issues That All Agencies Should Be Aware Of
It has been over a week since a federal District Court Judge issued an injunction staying the implementation of the new overtime rule (click here for more information on the injunction), and it does not appear that the U.S. Department of Labor is going to try to have the injunction overturned on appeal, at least […]
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