On October 26, the National Labor Relations Board (NLRB) published its long-awaited final joint employer rule after initially publishing the revised rule for public comment in September 2022. This article delves into the key details of the new rule, its implications for employers, and the expected impact on the business landscape. Explanation of the New Rule The new rule replaces
With the advent of technology, the insurance industry is undergoing a transformative shift. Insurtech, the use of innovative technologies to upgrade and optimize various processes in the insurance value chain, has emerged as a game-changer in the industry. The global insurtech market, valued at $8.6 billion in 2023, is projected to reach an astounding $34.7 billion by the end of
Root, a local insurtech start-up, has recently announced its strategic partnership with Connect by Admiral, a subsidiary of Admiral Group, one of the leading insurers in the UK. This partnership marks a significant milestone for Root as it expands its reach and brings embedded insurance solutions to businesses across the country through Connect’s innovative API-first platform. Connect by Admiral At
In the dynamic and ever-changing world of automobiles, having reliable auto insurance is crucial to providing financial security. While meeting the minimum state requirements is important, it is equally vital to protect yourself, your passengers, and your vehicle. This comprehensive guide will walk you through the various aspects of auto insurance, helping you identify your protection needs and find the
The Society for Human Resource Management (SHRM) has recently called on the federal government to delay the implementation of its forthcoming overtime regulation until 2025. The U.S. Department of Labor proposed a Fair Labor Standards Act (FLSA) rule in August that would make it mandatory for employers to pay overtime to all workers earning less than approximately $55,000 when they
Novidea, a leading player in the InsurTech sector, has announced the release of a significant update aimed at further enhancing its acclaimed insurance management platform. With a commitment to providing innovative solutions for the insurance industry, Novidea’s latest version introduces a myriad of enhancements that will revolutionize the way insurance professionals streamline their operations and deliver superior customer experiences. Overview
Travelers, a leading insurance provider, has made a strategic move in the cyber insurance domain with the acquisition of Corvus, an innovative InsurTech firm specializing in cyber insurance underwriting. The acquisition, valued at approximately $435 million, aims to enhance Travelers’ capabilities in this rapidly evolving sector. Strategic Play by Travelers With the cyber insurance market expanding and evolving at an
Personal property insurance is a crucial component of homeowners, renters, or condo policies, assuring the replacement of your belongings in the event of theft, damage, or destruction. Understanding the different types of coverage, assessing the value of your personal property, and considering various coverage details and limitations is vital to making informed decisions that safeguard your financial well-being. Replacement Coverage
In an exciting announcement, Lemonade, the insurtech disrupter, revealed that it has reached a significant milestone by welcoming its two millionth customer. This achievement marks a remarkable growth trajectory for the company and demonstrates its ability to challenge traditional insurance models. Let’s delve into the key factors that have fueled Lemonade’s rapid expansion and profitability. Rapid Growth in Customer Acquisition
As the UK transitions out of the European Union, it is crucial to examine the worker protections that will be retained in UK law. These protections play a vital role in ensuring equality, fairness, and fundamental rights for employees. In this article, we will delve into the specific rights and safeguards that will be preserved, as well as the reactions
In a tragic incident that could have been prevented, a 3M employee lost his life at a Wisconsin plant in May. An investigation by the Occupational Safety and Health Administration (OSHA) has revealed that the manufacturer failed to follow federal workplace safety regulations, ultimately leading to this devastating outcome. Violation of workplace safety regulations The OSHA investigation found that 3M
Nordnet, the pan-Nordic digital platform for savings and investments, has extended its partnership with Lumera to introduce an all-digital, low-fee product offering for the Finnish Savings and Investment Policy (SIP) account. This expansion of their business partnership now spans across four Nordic countries, enabling Nordnet to reach a wider audience with its insurance savings solution. Background Leveraging the Lumera platform,
