One of the biggest challenges for employers is providing comprehensive healthcare coverage for their employees while also minimizing costs to the business. As healthcare costs continue to rise, companies are searching for innovative solutions to offer their employees the healthcare they need without breaking the bank. One attractive option is to offer a Health Savings Account (HSA) to employees. In
Canopius, one of the world’s leading specialty reinsurers, has teamed up with Theodore Tunick and Marshall & Sterling to offer admitted auto coverage to personal and commercial insureds in the US Virgin Islands (USVI). The agreement is made with Samsung Fire and Marine Insurance (SFMI), and Canopius will underwrite risks for both commercial and private auto clients using SFMI admitted
Severance agreements are often used by employers to ensure a smooth transition for employees who are leaving the company. These agreements typically include confidentiality and non-disparagement clauses that prohibit the employee from speaking negatively about the company or revealing confidential information. However, a recent decision by the National Labor Relations Board (NLRB) has paved the way for employees to challenge
Assurant, a global provider of risk management solutions, has partnered with CNH Industrial Capital, the financial services arm of CNH Industrial, to offer equipment protection and insurance products through CNH Industrial’s dealer network. The partnership aims to provide customers with better protection solutions and improve the customer experience, product offerings, and alignment with base warranty. In this article, we will
The Los Angeles City Council has proposed an ordinance to increase the minimum wage for both hotel workers and Los Angeles International Airport (LAX) workers. The proposed increase aims to improve the financial well-being of these workers who have been hit hard by the COVID-19 crisis. The proposed ordinance is a step towards achieving a more equitable distribution of wealth
In recent years, the insurance industry has faced considerable challenges – regulatory, technological, and economic – that have forced firms to re-evaluate their operations and strategies. As such, they are increasingly focusing on enhancing their operational resilience, acknowledging that this is a key factor in determining their long-term success. In this article, we examine recent trends and challenges facing the
The Iowa Senate has passed a controversial bill, SF 542, that would allow children to work longer hours and in jobs that are currently prohibited, such as serving alcohol. The bill has sparked a heated debate between those who support the move, saying it will modernize Iowa’s laws and teach children valuable skills through workforce training programs, and those who
The National Labor Relations Board (NLRB) recently ruled that certain non-disparagement and confidentiality provisions in severance agreements violate the National Labor Relations Act (NLRA). The Board found that these provisions unlawfully restrain employees from exercising their rights to engage in protected activity. This ruling has significant implications for employers who use severance agreements and has prompted the need to revisit
The current labor market in the United States is experiencing a shortage of workers. Lawmakers in some states are getting involved in the labor market problem-solving business themselves by proposing unconventional policies that are raising eyebrows and signaling just how desperate the situation is for many decision-makers. The concern is so great that some legislators are even considering child labor
The California Department of Fair Employment and Housing (DFEH) has proposed a potential extension of two months for employers to comply with the state’s new pay data reporting requirements. The new reporting requirements under California’s pay transparency law have caused confusion among employers and labor contractors alike. Current reporting deadline The deadline for reporting obligations for workers hired through labor
In recent years, the issue of workplace sexual harassment has come to the forefront of public discussion, with movements such as Me Too leading to increased awareness and scrutiny. To combat sexual harassment in the workplace, it is crucial for employers to have strong policies in place that clearly outline acceptable behaviors and consequences for harassment. Under New York State
The use of artificial intelligence (AI) has become widespread in several industries, including the insurance sector. AI has the potential to transform the insurance industry through increased efficiency, cost reduction, and improved customer experience. However, the introduction of AI into the insurance industry comes with its own set of challenges that can have a long-term impact. In this article, we
