> Deregulation Under Washington state law known as “use-and-file,” commercial property/casualty contracts negotiated between insurers and businesses may go into effect immediately. The policy itself can be filed for state review later.
> Employment practices This kind of coverage will help defend against employment-related claims such as sexual harassment, age discrimination, or wrongful termination. Some policies offer legal assistance; others may pay both legal costs and damages.
> Weather The impact of weather on businesses is more complex than you might think. Weather obviously affects outdoor operations that depend on fair weather — for example, events like fairs, festivals, concerts, sporting events or filming.
Mass Mutual Life Insurance Company Establishes Major Aid Program
(Springfield, Mass.) - MassMutual Financial Group announced today a major relief effort designed to aid victims of Hurricane Katrina. Among the key provisions: Massachusetts Mutual Life Insurance Company (MassMutual) will make a $250,000 donation to the American Red Cross to aid efforts to help the victims of Hurricane Katrina, and will significantly and temporarily expand its employee matching gift program to enable eligible employees and sales representatives to have their donations to the American Red Cross and the Salvation Army double matched by the company.
In addition to the donation to the American Red Cross, MassMutual's employee matching gift program has been expanded to allow MassMutual to match employee contributions to the American Red Cross and the Salvation Army on a 2-for-1 basis. For example, for every dollar sent by MassMutual employees to the American Red Cross or Salvation Army, MassMutual will match that gift with $2. This program will continue for the next 60 days.
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Did You Know?
Payments you receive from qualified long-term care insurance contracts will generally be excluded from income
As reimbursement of medical expenses received for personal injury or sickness under an accident and health insurance contract. Also, certain payments received under a life insurance contract on the life of a terminally or chronically ill individual (accelerated death benefits) can be excluded from income. Refer to Publication 17, Your Federal Income Tax, Chapter 13, Other Income.
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