Tag Archives: employee benefits

Michael Bill, CEO of MJ Insurance.

MJ Insurance Named One of the Largest Brokers in U.S.

MJ Insurance, one of the nation’s leading property-casualty and employee benefits agencies, is one of the “100 Largest Broker of U.S. Business” according to Business Insurance magazine. MJ ranked No. 97 in the publication’s 2014 list. This is the second consecutive year that MJ Insurance has received the honor.

Companies are ranked by 2013 brokerage revenue generated by U.S.-based clients. MJ Insurance was recognized by the publication in 2013 as well. The agency increased revenue by more than 11 percent from 2012 to 2013.

“We are proud to be recognized for our growth, but that is only one small measure of our success,” said MJ Insurance CEO Michael H. Bill. “Over the past couple of months we have added new services and employees to better meet the needs of our clients.”

MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefit agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. In 2014, MJ celebrates its 50th ‘golden’ anniversary.

MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefit programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.

employment

Fisher & Phillips Adds New Practice Group

Fisher & Phillips LLP announced that it has formed a new Government Solutions Practice Group to help employers who are faced with a fluid and evolving legislative and regulatory regime at the federal, state and local levels of government. The practice focuses on labor and employment legislation and regulations in areas such as: workplace discrimination; employee privacy; wage and hour; employee compensation; trade secrets; employment contracts and terms; unionization and organization efforts; healthcare; immigration; workplace accommodations; employee leave; workers’ compensation; workplace safety; affirmative action; and employee benefits.

Practice Group Chairman Rick Grimaldi of the firm’s Philadelphia office said: “It’s critical that employers remain well-informed about proposed legislation and regulation at any level of government. Our clients want their opinions heard by Congress, the executive branch, and state and local governments, and we plan to help facilitate that.”

The Government Solutions Practice Group is comprised of 26 attorneys who are well versed in the area of government affairs. These attorneys will partner with employers to assist them with navigating and advocating for their interests in the modern legislative and regulatory arenas. Grimaldi added: “By partnering with our firm’s government affairs attorneys, our clients will stay apprised of legislative developments impacting their interests. This gives them a voice for fair and appropriate policymaking at all levels of government throughout the country.”

Working across the firm’s nationwide footprint, the practice offers an array of services including:

· Filing amicus curiae briefs with the U.S. Supreme Court, other federal and state courts, and the National Labor Relations Board
· Representing employer views during formal rule-makings by federal, state and local regulatory agencies by filing comments on behalf of clients, assisting clients to file their own comments, and/or testifying before federal, state and local legislative committees and subcommittees
· Ensuring the availability of high level legal and technical resources to support the important efforts of legislators and executive office staff who are (a) defending employer and employee rights against special-interest groups espousing an “anti-employer” or “pro-union” agenda, and (b) supporting balance in employment and labor laws
· Providing a voice for clients with federal, state and local government officials at general-interest trade associations and business organizations, and with other policy groups and natural allies on labor and employment issues
· Supporting positive initiatives, and opposing and/or improving initiatives that would inappropriately restrict employers and business
· Monitoring relevant legislation introduced in Congress, state legislatures and key local municipalities, and providing regular updates on legislative and regulatory activity

Through these services, the attorneys in the Government Solutions Practice Group partner with clients to cooperatively protect and promote their interests, at all levels of government, in the area of labor and employment legislation and regulations.

The attorneys have been posting updates to the firm’s Government Solutions Blog at www.fpgovernmentsolutions.com.

87699472

MJ Insurance reports record revenue

MJ Insurance, one of the nation’s largest privately-held insurance agencies, has reported double digit year-over-year growth with an 11 percent increase across all business lines. The agency also reported record all-time high revenues of $25 million.

MJ’s fiscal year runs from September to September and for fiscal 2013, MJ saw solid growth in both employee benefits and in property and casualty revenues. Even as the economy has struggled, MJ has recorded strong revenue gains over the past five years.

Michael H. Bill, CEO of MJ Insurance, attributes the growth and record revenue to continued investment through the economic downturn in both employees and value-added services for clients.

“Our approach is to align our efforts with clients that emphasize value and this has proven beneficial as the economy has improved,” said Bill. “Challenges brought forth with health care reform have also allowed us to help guide businesses through this historic change.”

MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefits agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. In 2014, MJ will celebrate its 50th ‘golden’ anniversary.

MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefits programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.

Curis Resources - Florence Copper Project

MJ Insurance Expands Metals Group to Phoenix

MJ Insurance, a leading property-casualty and employee benefits agency headquartered in Indianapolis, is expanding its successful  Metals Group to its Phoenix office.

For more than 20 years, MJ Insurance has represented metals and metal-related companies including manufacturers, processors, scrap metal dealers and all other companies using metals with their risk management programs from its Indianapolis office. The private insurance agency is now expanding its reach by extending the service line in its Phoenix office for clients across the West.

“We are intrigued to see where this expansion takes MJ Insurance,” said Michael H. Bill, CEO of MJ Insurance. “Our Metals Group has seen significant growth in the last few years in line with new environmental policies and our team has remained on the front line of the risk inherent to the industry. We are excited to now expand these services and see how it benefits the industry in the West.”

MJ Insurance’s Metals Group helps clients identify and cover unique exposures by designing risk management programs specifically tailored to them. The team focuses exclusively on the metals industry, allowing them to offer the utmost individualized service and programs available while being resourceful to meet each specific company’s needs with safety and environmental consulting.

The metals group currently serves clients in the Midwest throughout Indiana, Ohio, Kentucky, Tennessee, Illinois and Missouri. With the expansion, the company looks to serve Nevada, Arizona, Utah, California and Colorado businesses, while expanding its reach in the already successful market in Mexico.

Specialty coverage and options include captive alternatives, ocean cargo, foreign travel, Mexico transit, environmental liability and trade credit, among others.

MJ Insurance also has an online Risk Management Center that enables clients to easily manage various insurance, risk management and OSHA compliance responsibilities while also offering access to online safety tools.

The company is an active member in several metals, manufacturing and recycling trade associations, further showcasing their commitment and knowledge of the industry.

economy

CFOs see stability in US economy despite ‘fiscal cliff’ threat

Nearly 70 percent of chief financial officers of US companies believe the US economy will either improve or remain stable during the next six months, according to the 2012 Fall CFO Survey from Grant Thornton LLP. The survey findings reveal that 39 percent of respondents believe the state of the US economy will remain the same in the first half of 2013, while 30 percent believe it will improve. Of those surveyed, 31 percent said it will worsen, which is an increase of ten percentage points from the firm’s 2012 Summer CFO Survey findings.

That expectation of stability extends throughout the survey findings, with CFOs predicting that industry financial prospects (42 percent), pricing or fees charged (51 percent), and head count (49 percent) will all remain the same in the next six months.

And though the threat of a “fiscal cliff” looms large, 53 percent of respondents say it would not affect the first six months of 2013 for their companies. Further, 60 percent of respondents do not consider the uncertainty of the “fiscal cliff” resolution an obstacle to making business decisions.

“The turbulent years of the recent past have made businesses more adept at managing through economic uncertainty,” said Stephen Chipman, chief executive officer of Grant Thornton LLP. “It is reassuring to see that CFOs are confident that we will not take any steps backward in our progress.”

Also encouraging, 34 percent of respondents believe industry financial prospects will improve, 35 percent believe pricing or fees charged will increase, and 34 percent say head count will increase.

In addition, according to the survey findings CFOs are committed to keeping several employee benefits the same as last year, including bonuses (55 percent), stock options (69 percent), 401K match (85 percent), and other company-matched retirement contributions (82 percent). On a positive note, 59 percent plan to increase salaries.

“While many companies don’t foresee the economy taking a turn for the worse in the next six months, there is still an absence of improving economic conditions that are needed to propel our country into growth mode,” Chipman added. “Only 34 percent of companies expect their financial prospects to improve in the next six months, which means that reluctance to increase hiring and make capital investments will continue to bog down our economy.”

Grant Thornton LLP conducts its CFO Survey twice a year with CFOs and other senior financial executives across the United States. The fall 2012 survey took place between November 7 and November 30, with 1,582 CFOs and comptrollers participating. The survey has a confidence interval of +/- 2.5% at a 95% confidence level. Questions ranged from the state of the economy to developments in accounting and financial reporting. For more information on the survey, visit www.GrantThornton.com/CFOSurvey.