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Here is what I'm calling my 10 commandments of any reference-based pricing plan. Every one of these is important, however, they are ranked from 10 to one, with one being the most important element.

While evolving AI models are likely to bring their own set of changes to the insurance industry, such as the creation of new, AI-bespoke policies, until then, companies will have to rely on a portfolio of insurance products for coverage.

Although the Court's rulings on affirmative action and religious accommodation will have different short-term impacts, it is highly likely that each decision will give rise to new legal challenges.

The lawsuit was brought by a former Twitter employee who oversaw the company's employee benefits program on behalf of thousands of employees who were laid off after Elon Musk acquired the company in 2019.

Employers must now show that a requested religious accommodation would result in substantial increased costs in relation to the conduct of their business before denying the accommodation.

"We have recently seen an uptick in such challenges, and that trend may well accelerate in light of the Supreme Court's analysis and the media attention it has received," said Christopher Collins, a partner at Sheppard Mullin.

Most plan sponsors are monitoring regulatory changes, properly managing plan operations and have appropriate fund and investments offerings, but even with diligent effort, mistakes will happen.

The vital thing to do when a mistake happens is to first correct it and alert relevant employees and officials, and then to learn from it.