In a significant development for employee wage rights, Rocket Mortgage has agreed to a $3.5 million settlement in a case that accused the company of failing to properly compensate mortgage bankers for overtime work. The class-action lawsuit, filed in Arizona, represented a group of both current and former employees who claimed that their overtime pay calculations did not accurately include
Insurance data management has long been an arduous and error-prone task. However, OWIT Global’s Insurance Data Management (IDM) solution has marked a significant milestone by handling over ten million insurance-specific transactions. IDM emerges as a transformative force, revolutionizing how data interchange and processing are conducted within the insurance sector. OWIT’s Response to Data Integrity Challenges The insurance industry’s data integrity
Cover Whale, an innovative insurtech company, has made significant strides with a $27.5 million boost from Morgan Stanley Expansion Capital. This financial backing marks a pivotal step in Cover Whale’s mission to reshape the landscape of commercial auto insurance, particularly in the trucking sector. Through this infusion of both debt and equity funding, Cover Whale envisages accelerating its growth trajectory
The U.S. Department of Labor (DOL) has concluded a significant investigation into labor practices at two mushroom farms located in Half Moon Bay, California. California Terra Garden, Inc., and Concord Farms, Inc. have been found in severe violation of the Migrant and Seasonal Agricultural Worker Protection Act (MSPA). The inquiry was sparked by a horrendous incident in January 2023, in
As the global workplace continues to grapple with the ramifications of the COVID-19 pandemic, an increasing number of employers are instituting vaccine mandates to safeguard their workforce. However, the intersection of such policies with employees’ personal beliefs presents a uniquely modern challenge, particularly when those beliefs are cited as grounds for exemption on religious grounds. Legal Considerations Understanding Title VII
Human Resources professionals across the United States face a daunting task: staying current with the patchwork of state and local employment laws that govern the workplace. The challenge is akin to navigating a complex maze without a clear path—one laced with legal pitfalls, compliance thresholds, and administrative burdens that can be overwhelming for even the most seasoned HR veteran. As
In an age where digital transformation is key, Bottomline and Ecliptic Technology announce a pioneering partnership set to revolutionize the way insurers manage expert costs and legal expenditures. As the financial landscape becomes more intricate and the need for refined cost management grows, the integration of Bottomline’s Expert Bill Review and Ecliptic’s GEMINI platform stands as a beacon of innovation.
In a digital era fraught with security risks, personal cybersecurity emerges as a cornerstone of digital wellbeing. BOXX Insurance has joined forces with Zurich Insurance Group to forge an advanced app-based solution designed to equip individuals and families with tools to fend off cyber threats and scams. This union breaks new ground in digital safety, emphasizing user-friendliness and varied accessibility.
In the expansive panorama of luxury retail, a transformative shift is emerging with the debut of Embri, a cutting-edge InsurTech platform geared to reconfigure insurance for high-value purchases. Aimed at upscale retailers and a discerning clientele, Embri innovatively weaves insurance into the fabric of the buying process, offering immediate protection for newly acquired treasures. With its finger on the pulse
The insurance industry is undergoing a significant transformation, driven by advancements in real-time data and Artificial Intelligence (AI). These technologies are not just changing the face of customer service and risk assessment but are also creating a more personalized and predictive approach to insurance. As innovation accelerates, insurance companies are finding new ways to meet consumer demands with increased efficiency
The insurance industry is witnessing a landmark strategic partnership with the union of Distinguished Programs and SiriusPoint aimed at bolstering the Inland Marine insurance program. This uniting of a nationally recognized insurance program manager with a prominent insurance carrier heralds a new era of enhanced coverage and fortified assurance for clients, particularly within the realms of construction and transportation logistics.
FWD Group is taking a decisive stride into the future with a landmark five-year partnership with Amazon Web Services (AWS), a collaboration poised to revolutionize its digital operations through comprehensive cloud computing and AI integration. This transition is reflective of an industry-wide pivot towards digital agility, resilience, and innovation, forming the core of FWD’s strategic evolution. The Strategic Evolution to
