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… for more than two hours. In San Francisco, the law extends to employers who have temporarily closed or halted operations. While people can debate the appropriateness of such laws – typically based on political viewpoint – I want to explore the objective complexity for employers. One of the key reasons that the Employee Retirement Income Security Act (ERISA) was passed in 1974 was to create a single set of employee benefit rules for multi-state employers. The law protects employees from the loss of benefits which were promised and protects employers from having to manage a multitude of often competing regulations within …

For more of our coronavirus coverage, visit epicbrokers.com/coronavirus  Viewpoints from Adam Okun Just over a decade ago, as the Great Recession was beginning to take form, I was working for a prestigious human capital consulting firm that began circulating an ominous set of slides to its client base. The frightening message (supposedly backed by two decades of data) was clear: beware of the coming spike in healthcare claims. That’s right – this organization, with nearly 20,000 of the most brilliant minds in the industry, concluded that the recession of 2008 was going to lead to a spike …

For more of our coronavirus coverage, visit epicbrokers.com/coronavirus  Viewpoints from David Wiesner As EPIC and every other consulting and actuarial firm rush to the market with a coronavirus (COVID-19) cost impact modeling tool, I would urge a healthy dose of skepticism. Let me explain why: The numbers are moving too fast. Four weeks ago, the models told us 1.1 to 2.2 million people may die from COVID-19 based on then-assumed infection and death rates. Over the next few weeks, those models were revised downward and downward again. Even now as more tests come …