Our Blog - Surety Matters

Our blog covering the latest in bonds and insurance
Contract Surety 06.29.2020

Governor Murphy Reopens NJ Schools

This fall, New Jersey schools must include social distancing and face masks as part of a new COVID-19 safety initiative for students and staff. Governor Murphy has partnered with the Department of Education Commissioner Laont…
Read Moreabout Governor Murphy Reopens NJ Schools

Governor Murphy Reopens NJ Schools
ERISA 06.26.2020

Costco Sued Over Mismanagement of 401(k) Plan

On behalf of plan participants of the Costco 401(k) Retirement Plan, a lawsuit was filed against Costco Wholesale Corporation and related parties for allegedly mismanaging a defined contribution plan worth $15.5 million. Filed on Tuesday…
Read Moreabout Costco Sued Over Mismanagement of 401(k) Plan

Costco Sued Over Mismanagement of 401(k) Plan
Cyber for Plan Sponsors 06.26.2020

Mozilla to Block Malicious Downloads in Firefox

To combat the latest cyber-security threats, the company Mozilla stated that its newest version of its Firefox web browser will incorporate an updated malware-blocking service that will verify signatures for the application downloads. If signed,…
Read Moreabout Mozilla to Block Malicious Downloads in Firefox

Mozilla to Block Malicious Downloads in Firefox
License & Permit Bonds 06.26.2020

NJ Motor Vehicle Commission Opens

Attention New Jersey drivers! Governor Phil Murphy stated Friday that state Motor Vehicle Commissions offices can resume operations on June 15 for a plethora of pick-up and drop-off services. As they start opening their doors,…
Read Moreabout NJ Motor Vehicle Commission Opens

NJ Motor Vehicle Commission Opens
License & Permit Bonds 06.26.2020

New Jersey Resumes Recreational Activities on July 2

On Wednesday, Governor Phil Murphy announced museums, arcades, bowling alleys, aquariums and other recreational activities will open to the public starting next week. Batting cages and shooting ranges can resume Thursday at 25% capacity, the…
Read Moreabout New Jersey Resumes Recreational Activities on July 2

New Jersey Resumes Recreational Activities on July 2
Cyber for Plan Sponsors 06.25.2020

Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets

During this time of uncertainty, industries are particularly vulnerable to cyber breaches. Last year alone, ransomware targets forfeited over $1.3 billion to hackers, including high-profile victims like hospitals, airlines and retailers. However, small businesses are…
Read Moreabout Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets

Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets
ERISA 06.25.2020

IRS Grants RMDs Rollover Relief

Novel guidance has been published by the Internal Revenue Service, who extended the rollback period for minimum distributions already taken this year. The guidance encompasses a series of FAQs and offers plans with sample amendments…
Read Moreabout IRS Grants RMDs Rollover Relief

IRS Grants RMDs Rollover Relief
Cyber for Plan Sponsors 06.25.2020

Twitter Data Leak Exposes Clients

Twitter has just informed their business clients of a potential data breach include phone numbers, email addresses, and card numbers that may have been exposed by hackers. Billing information viewed on Twitter Ads or Twitter…
Read Moreabout Twitter Data Leak Exposes Clients

Twitter Data Leak Exposes Clients
ERISA 06.24.2020

Pension Risk Transfers Drop in May

Pension risk transfer premiums fell significantly last month due to a continuous decline in both annuity purchase rates and discount rates. Per the latest pension buyout index study, discount rates sunk 27 basis points this…
Read Moreabout Pension Risk Transfers Drop in May

Pension Risk Transfers Drop in May