Industry Events

VGM Insurance acquires home health care and hospice insurance leader VGM Insurance Services is excited to announce the acquisition of Caldwell & Associates Insurance Services, Inc. of St. George, Utah. The acquisition was finalized on Oct. 31 and is a significant addition to VGM Insurance’s existing platform of specialty programs. “VGM Insurance’s acquisition of Caldwell & Associates Insurance Services furthers our drive to diversify and expand into additional markets and...

In the wake of hurricanes Harvey and Irma, estimates of the total damage range from $115 billion to $290 billion with much of the recovery expenses going to property. Not only did winds wreak havoc but, especially in Texas, heavy rain left a scourge of standing floodwater.   As a business owner, the symbolism of seeing your property shattered and the vacuum left for your clients during your recovery can take a toll. The silver lining, though, is that you can come back stronger. If...

Hurricane season has had a brutal start with hurricanes Harvey and Irma battering the Caribbean and south and southeastern parts of the United States, especially Texas and Florida. The disasters have brought people together, prompting them to help in whatever way they can. Unfortunately, there are a number of dishonest people who see these good intentions as an opportunity, creating fake charity campaigns to exploit victims and take advantage of those who want to help. Donate, but Avoid Scams When...

With only two months remaining before the U.S. Department of Labor’s (DOL) final rule revising the “white collar” overtime exemption takes effect, businesses throughout the country should be preparing for the significant changes coming their way. On May 18, 2016, the DOL issued updates to the Fair Labor Standards Act (FLSA) overtime provisions. The final regulations focused primarily on updating the salary and compensation levels for executive, administrative and professional...

As you may be aware, the Department of Labor issued its updates to the Fair Labor Standards Act (FLSA) overtime provisions on May 18, 2016. This Final Rule raises the “white collar exemption” to $47,476 from $23,660 per year. These changes are ones that many organizations, whether for- or not-for profit (e.g., hospital based), will have to incorporate into their business planning. The FLSA only applies to employers that have gross volume sales greater than $500,000; hence,...

VGM Insurance is excited to announce the addition of Affinity Club Underwriters (formerly Affinity Agency Group, LLC.) of Morristown, New Jersey, to our family of companies! As leaders in the golf and hospitality industry for over 30 years, the Affinity Club Underwriters team brings to VGM Insurance a vast wealth of knowledge and expertise in the club space and is significant addition to our existing platform of specialty programs.  “The acquisition of Affinity...