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Insurance & Financial Services

VIEWPOINT: SBA’s troubling new requirements for PPP borrowers of more than $2 million

The U.S. Small Business Administration (SBA) has circulated Paycheck Protection Program (PPP) loan-necessity questionnaire forms that it intends to require borrowers with PPP loans in excess of $2 million to complete. It is expected that nonprofit-entity borrowers will be required to complete Form 3510 (https://www.bsk.com/uploads/SBA-Form-3510.pdf) and for-profit entity borrowers will have to complete Form 3509

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Mercer survey: Health-benefit costs expected to grow 4.4 percent in 2021

Employers expect their health-benefit costs to increase 4.4 percent, on average, in 2021 compared to 2020.  That’s according to early results from Mercer’s National Survey of Employer-Sponsored Health Plans 2020.  The increase — based on 1,113 employer responses since early July — is “largely in line” with the average annual cost growth over the past six

State introduces regs on insurance for mental health and substance-use disorders

“This regulation provides important protections so that New Yorkers receive the coverage and benefits they need. It is particularly critical now as more people experience increased stress from the three simultaneous crises in public health, the economy, and civil rights,” Linda Lacewell, New York State Superintendent of Financial Services, said in a statement. “DFS is

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