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Sanford & Tatum Blog

All You Ever Wanted to Know About Insurance

Legal Update: PCORI Fee Amount Adjusted for 2025

PCORI Fee Amount Adjusted for 2025 - The Internal Revenue Service (IRS) has issued Notice 2024-83 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on or after Oct. 1,...

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Benefit Insights: Key Drivers of 2025 Health Care Cost Increases

Key Drivers of 2025 Health Care Cost Increases: - Health care costs are projected to increase substantially in 2025. Estimates show a similar growth in spending to 2024, marking multiple years of compounding costs....

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Legal Update: FMSCA Announces Enhancements to Its Carrier Safety Management System

FMSCA Announces Enhancements to Its Carrier Safety Management System - Background - The SMS is part of the Compliance, Safety, Accountability (CSA) program developed in 2010 to help the FMCSA identify high-risk motor...

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Coverage Insights: The Role of Coinsurance and Sublimits in Cyber Insurance

The Role of Coinsurance and Sublimits in Cyber Insurance - Cybercriminals increasingly use sophisticated methods to infiltrate businesses’ computer systems and networks, putting sensitive data and personally...

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Risk Insights: Supporting Mental Health for a Safer Workplace

Supporting Mental Health for a Safer Workplace - Mental illness is a prevalent issue in the United States. According to the National Institute of Mental Health, more than 1 in 5 (23.1%) adults live with a mental illness....

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Legal Update: FMCSA Announces Changes to Its Crash Preventability Determination Program

FMCSA Announces Changes to Its Crash Preventability Determination Program - On Dec. 4, 2024, the Federal Motor Carrier Safety Administration (FMCSA) published a notice that announced changes to its Crash Preventability...

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Risk Insights: Managing Commercial Fleet Maintenance and Repair Costs: Trends, Strategies and Insurance Benefits

Managing Commercial Fleet Maintenance and Repair Costs: Trends, Strategies and Insurance Benefits - Fleet maintenance is a critical responsibility for businesses that rely on vehicles to support their operations....

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Mental Health Minute: January 2025

4 Mental Health Benefits of Dry January - Dry January is a popular wellness challenge where participants abstain from alcohol for the entire month. This initiative encourages people to take a break from drinking after...

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Live Well, Work Well: Dry January: Are You In?

Dry January: Are You In? - As the holidays end, some people give up alcohol in what’s known as “Dry January.” The monthlong wellness challenge can serve as a reset after overindulging during the holidays or as an...

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Legal Update: OSHA Publishes Case Data on 890.000 injuries and Illnesses That Occurred in 2023

OSHA Publishes Case Data on 890,000 Injuries and Illnesses That Occurred in 2023 - On Dec. 12, 2024, the U.S. Department of Labor announced the release of comprehensive data collected by OSHA on more than 890,000...

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News Brief: Triple-threat” exposure faced by 33,000 homes around the country: CoreLogic

Triple-threat” exposure faced by 33,000 homes around the country: CoreLogic - An estimated 33,000 homes face a “triple threat”-year-round exposure to three separate natural disaster perils, according to research from...

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Legal Update: OSHA Revises PPE Standard for Construction Industry

OSHA Revises PPE Standard for Construction Industry - On Dec. 11, 2024, the U.S. Department of Labor (DOL) announced that OSHA finalized a revision to the personal protective equipment (PPE) standard for construction....

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Legal Update: DOT Proposes to Revise Its Drug Testing Procedure Rule

DOT Proposes to Revise Its Drug Testing Procedure Rule - On Dec. 9, 2024, the U.S. Department of Transportation (DOT) proposed to revise its drug testing procedures rule to provide interim provisions requiring the...

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News Brief : Natural Catastrophe Losses to Hit $135 Billion In 2024

Natural Catastrophe Losses to Hit $135 Billion in 2024 - Global insured natural catastrophe losses are on track to reach $135 billion by the end of 2024-the fifth consecutive year that insured losses surpassed the $100-...

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Legal Update: DOL Announces Dual Jobs Final Rule

DOL Announces Dual Jobs Final Rule - On Dec. 16, 2024, the U.S. Department of Labor (DOL) announced a final rule that removes the agency’s 2021 final rule (2021 Dual Jobs Rule) that updated tip regulations under the...

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Legal Update: Federal District Court Halts Corporate Transparency Act Reporting Requirements

Federal District Court Halts Corporate Transparency Act Reporting Requirements - On Dec. 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction of the Corporate...

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