Material misrepresentation in insurance happens, even if it’s accidental. It’s important to properly document and disclose accurate facts when obtaining or renewing insurance policies. Otherwise, you could be in danger of material misrepresentation, leading to possible issues if you ever…
The American Rescue Plan Act (ARPA) was signed into law by President Joe Biden on March 11, 2021. Here is an overview of three temporary provisions affecting employers. These provisions are effective April 1, 2021. COBRA Premiums — Extended…
Michigan Governor Gretchen Whitmer has proclaimed February 25, 2021, as Independent Insurance Agents Day, an occasion to recognize and appreciate independent insurance agents for their invaluable contributions to the insurance industry! At Mason-McBride, we’re proud to be independent insurance agents…
Insurance policies are in fact contracts. All contracts, including insurance policies, contain rights and duties. A recent Michigan Court of Appeals case demonstrates that insurance policies are contracts. In the case of Fabatz v. Auto-Owners, December 17, 2020, Fabatz made…
It’s typical to prepare for the cold and snow as a part of your winter maintenance routine. But things might look slightly different this year if your building is vacant or only partially occupied because of COVID-19 or another reason.…
There are new temporary rules for Flexible Spending Accounts (FSAs). President Trump signed the Consolidated Appropriations Act of 2021 into law on December 27, 2020. The Act provides temporary special rules for health and dependent care flexible spending accounts (FSAs)…
In May 2019, the Michigan legislature passed – and the Governor signed – Public Acts 21 and 22 of 2019. These Acts were the first comprehensive Michigan No-Fault Auto Insurance coverage changes of any substance in 40 years. The Acts…
A personal cyber insurance policy is designed to provide financial reimbursement for costs associated with digital information theft and assets up to your cyber insurance policy’s limits. Should I Consider a Personal Cyber Insurance Policy? Even though we see news…
While most people know the basics of ransomware, the details of this threat – like all aspects of cybersecurity – constantly evolve with new developments. Learn about the trends and what to expect next. In this post by Nick Graf,…
What is Medical Loss Ratio (MLR)? Medical Loss Ratio (MLR) is the percent of premiums an insurance company spends on member care, claims, and administrative expenses that improve health care quality. What is the Medical Loss Ratio (MLR) rebate?…