A national independent agency focused on risk management in niche practice groups

Always Out Front

Out front of our clients’ needs, so their businesses can thrive.

Insights

Believing in Our Values.

What does it mean to be out front of our clients? Very simply it means understanding and solving their risk problems before they derail their businesses or organizations. It means serving them with excellence and respect, and bringing innovation to an industry that often relies on what has worked for decades without imagining what could be better. 

Believing in Our People.

A risk management firm encouraging risk-taking among its young producers might seem counterintuitive, but that’s what is required when you strive for innovation in service and leadership. After all, you can’t expect to grow while maintaining the status quo and you can’t punish failure when its aim is improving our ability to serve clients.

Compliance Corner: Extended Time Frames for Benefit Plans and Participants

The Department of Labor (DOL) and the Department of Treasury (IRS) jointly issued a Final Rule and FAQ for Participants and Beneficiaries on April 28, extending certain time frames for employee benefit plans as well as for plan participants and qualified beneficiaries. The information has been met with many questions from plan sponsors and third party administrators as they work to understand how to implement the extended time frames.

COVID-19 Update: How the Coronavirus May Impact Your Employee Benefits

The novel Coronavirus Disease 2019 (COVID-19) is in the forefront of business discussions. As businesses are faced with many decisions regarding how they may best respond, Cobbs Allen is providing this brief update on matters that most directly pertain to our clients’ benefit programs.

Cobbs Allen Forms CAC Specialty to Serve Corporates and Private Equity Sponsors

Cobbs Allen today announced the formation of CAC Specialty, a specialty insurance brokerage and investment banking platform that will bring bespoke insurance solutions to public and private companies and private equity sponsors. CAC Specialty represents the next wave in the long-term convergence of insurance and capital markets by combining structured finance solutions with insurance broking capabilities.

Cobbs Allen Announces Continued Expansion with Hiring of David Payne

Cobbs Allen announces the continued expansion of its insurance brokerage team with the addition of David Payne. Payne will join the leadership team that is building a national specialty platform focused on providing complex risk solutions for corporate and private equity clients.

Cobbs Allen Forms CAC Specialty to Serve Corporates and Private Equity Sponsors

Cobbs Allen today announced the formation of CAC Specialty, a specialty insurance brokerage and investment banking platform that will bring bespoke insurance solutions to public and private companies and private equity sponsors. CAC Specialty represents the next wave in the long-term convergence of insurance and capital markets by combining structured finance solutions with insurance broking capabilities.

Cobbs Allen Announces Continued Expansion with Hiring of David Payne

Cobbs Allen announces the continued expansion of its insurance brokerage team with the addition of David Payne. Payne will join the leadership team that is building a national specialty platform focused on providing complex risk solutions for corporate and private equity clients.

Cobbs Allen Celebrates International Women’s Day

Today is International Women’s Day, a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender parity. In recognition of this day, I sat down with six of Cobbs Allen’s female leaders to talk about their careers, what it means to be a woman in leadership today and how they balance it all.

November Client Spotlight: Boys & Girls Clubs of Central Alabama

Today is International Women’s Day, a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender parity. In recognition of this day, I sat down with six of Cobbs Allen’s female leaders to talk about their careers, what it means to be a woman in leadership today and how they balance it all.

Drones: Making Claims Smarter, Not Harder

Travelers is one of many insurance companies now using drones to survey and photograph roofs and other difficult to see areas. This eliminates the need for adjusters to climb on ladders and walk-in precarious places. Not only is this a safer method for the adjusters, but it saves time for the home-owner, as well. For Carol, the whole process only took about 20 minutes!

Employee Benefits Brokers Taking Matters into Their Own Hands

Brandon Scarborough, Cobbs Allen Kansas City Senior Vice President and BenefitsPRO advisory board member, shared a few thoughts with Scott Woolridge for the article Your Move. Brandon said that brokers already have the necessary tools to help organizations contain costs.

Strong Safety Management Systems Can Help You See a Reduction in Your Workers’ Compensation Claims

When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than the absence of accidents; it is having a sound safety management system designed to continuously reduce the impact of operational failure. This is where a safety management system can bring about compliance with the Occupational Safety and Health Administration (OSHA) standards and yield significant savings by reducing injuries and illnesses, saving workers’ compensation dollars.

Commodity Price Fluctuations: Managing the Uncontrollable

Volatile commodity prices can affect the value of a company’s assets and liabilities, but most importantly, this risk can seriously impact operating profit. Historically, the only option to mitigate the pricing risk was through traditional hedging programs, using derivatives.  This process is complicated and expensive.

Broker v. Consultant: Who Can Drive Down Insurance Costs?

Brandon Scarborough, Cobbs Allen Kansas City Senior Vice President and BenefitsPRO advisory board member, shared a few thoughts with Scott Woolridge for the article Your Move. Brandon said that brokers already have the necessary tools to help organizations contain costs.

Compliance Corner: Extended Time Frames for Benefit Plans and Participants

The Department of Labor (DOL) and the Department of Treasury (IRS) jointly issued a Final Rule and FAQ for Participants and Beneficiaries on April 28, extending certain time frames for employee benefit plans as well as for plan participants and qualified beneficiaries. The information has been met with many questions from plan sponsors and third party administrators as they work to understand how to implement the extended time frames.

COVID-19 Update: How the Coronavirus May Impact Your Employee Benefits

The novel Coronavirus Disease 2019 (COVID-19) is in the forefront of business discussions. As businesses are faced with many decisions regarding how they may best respond, Cobbs Allen is providing this brief update on matters that most directly pertain to our clients’ benefit programs.

Reminder: Medicare Part D Disclosures Due By February 29, 2020 For Calendar Year Plans

Group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) on an annual basis and at other select times, indicating whether the plan’s prescription drug coverage is creditable or non-creditable. This must be completed online within 60 days after the beginning of the plan year. For calendar year plans, the disclosure is due by February 29, 2020.

Cadillac Tax and Other Key ACA Taxes Repealed

President Trump recently signed a spending bill preventing a government shut-down and repealed the following three taxes and fees under the Affordable Care Act (ACA):
• Cadillac Tax on high-cost group health coverage, beginning 2020;
• Medical Devices Excise Tax, beginning in 2020; and
• Health Insurance Providers Fee, beginning in 2021
Importantly, the bill also extended the Patient-Centered Outcomes Research Institute (PCORI) fee to years 2020 to 2029.

Health FSA Limit Will Increase for 2020 

For plan years beginning in 2020, employer-sponsored medical coverage will be considered affordable if the employee’s contribution for self-only coverage on an employer’s lowest cost medical plan (if more than one medical plan is offered) does not exceed 9.78% of the employee’s household income for the year.

Learn how we help you grow.

 

Cobbs Allen is a national independent agency focused on risk management in niche practice groups. We deliver commercial insurance, employee benefits, personal insurance, and alternative risk financing services to our clients. Headquartered in Birmingham, AL, the firm is ranked in the top 100 of privately held brokerage firms and the top 100 of all U.S. brokerage firms.

 

Birmingham

115 Office Park Drive
Suite 200
Birmingham, AL 35223
205-414-8100

Columbus

175 South Third Street
Suite 355
Columbus, OH 43215
614-636-5911

Gadsden

305 S 5th Street
Gadsden, AL 35901
205-414-8100 

Houston

2121 Sage Road
Suite 145
Houston, TX 77056
832-925-4989

Kansas City

7500 College Boulevard
Suite 500
Overland Park, KS 66210
913-267-5600

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PO Box 850733
Mobile, AL 36685
205-414-8100

New Orleans

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Suite 2260
New Orleans, LA 70112
504-322-4927

Tulsa

601 S Boulder Ave
Suite 1300
Tulsa, OK 74119
800-248-0189

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