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The Blog

Our latest insurance articles, insight and news.
Oct 23
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The Transformative Impact of Claims Reviews with Kapnick Lens

By Employee Benefits
In the intricate maze of employee benefits management, claims reviews are essential. Far from being mere administrative tasks, these reviews serve as strategic tools that enable the seamless management of employee benefit programs. Benefits of Claims Reviews Some of the important benefits that claims reviews provide include: Set the stage for the creation of benchmarks and targets that resonate with both the organization and its employees. Allow for the development of custom benefit designs tailored to these benchmarks and targets. Identification of core administrative services, assessment of vendor performance, and cultivation of productive vendor relationships. Aid in the day-to-day administration…
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Oct 23

The Impact of Nuclear Verdicts on Commercial Insurance

By Business Insurance
In the complex realm of commercial insurance, understanding potential threats and risks that could affect a business is essential. A significant threat that has emerged in recent years is the phenomenon known as nuclear verdicts. Nuclear verdicts have far-reaching implications for both the insurance industry and businesses. WHAT ARE NUCLEAR VERDICTS? Nuclear verdicts are defined as jury awards where the penalties exceed an astonishing $10 million. In recent years, these types of verdicts have seen a substantial increase, causing a ripple effect throughout the insurance industry. It is not only the rising frequency of these verdicts that is concerning but…
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Oct 17

Securing the Future: How Insurance and Employee Benefits Can Propel Non-Profits Forward

By Employee Benefits
In the ever-evolving landscape of non-profit organizations, financial uncertainty and safeguarding the health of the organization are paramount. Unforeseen circumstances can strike at any moment, negatively impacting the financial resources, tarnishing the reputation, and increasing the difficulty of fundraising and recruiting staff. At Kapnick, we take a one firm approach to insurance and benefits and can use our holistic approach to help your non-profit address future trends. (more…)
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Oct 17

The Crucial Role of Contract Review in Manufacturing: Partnering with Kapnick Experts

By Business Insurance
In the realm of manufacturing, contracts act as the operational spine, weaving together manufacturers, suppliers, subcontractors, and partners under a common understanding of expectations and responsibilities. A single misstep in contracting can expose a manufacturer to significant risks, highlighting the critical role of contract review and the transformative power of partnering with experts at Kapnick. (more…)
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Sep 20

AI in HR: Balancing Efficiency and Compliance in Employment Decisions

By Employee Benefits
In today's digital age, organizations are increasingly turning to artificial intelligence (AI) to revolutionize their HR processes. Approximately 25% of companies now utilize AI for recruitment, hiring, performance evaluations, and retention determinations, according to the Society for Human Resources Management. While AI offers numerous advantages, such as improved efficiency, objectivity, and decision-making, it also brings forth challenges related to biases, transparency, and ethical concerns. This comprehensive article explores the pros and cons of incorporating AI into employment decision-making, highlights relevant laws and regulations for businesses to consider, and provides invaluable tips on mitigating AI-related risks. (more…)
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