Munich Re Life US and insurtech platform Paperless Solutions Group (PSG) have teamed up to develop a new combined risk assessment and e-application solution for life insurance carriers. The new platform is set to transform the life insurance industry by allowing insurers to underwrite new policies with greater accuracy, speed, and scalability than ever before. Features of the combined solution
Last month, the National Labor Relations Board (NLRB) made a decision that changed the game regarding severance agreements. The ruling confirmed that overly broad confidentiality and non-disparagement clauses have a “clear chilling tendency” and that offering agreements with such provisions violates the law. However, the NLRB did not ban severance agreements outright, as long as they are narrowly tailored. Severance
Munich Re and Paperless Solutions Group have teamed up to create a new risk assessment and e-application solution. Munich Re Life US and Paperless Solutions Group (PSG), an insurtech company, have come together to create a new combined risk assessment and e-application solution for the life insurance industry. According to a statement from Munich Re, the solution brings together the
In the latest news from the world of insurance technology, Kin, a leading provider of direct-to-consumer home insurance, has raised an additional $15 million in Series D funding. This brings the total amount of investment raised by the company in the current round to $109 million. The latest funding came from a range of investors, including Geodesic Capital, QED Investors,
The Fair Labor Standards Act (FLSA) is a federal law that was enacted in 1938. The law establishes minimum wage, overtime pay, record-keeping, and youth employment standards throughout the United States. The FLSA requires employers to pay their employees time-and-a-half for all hours worked over 40 in a workweek, unless the employee falls under certain exemptions. One of the exemptions
It is the responsibility of all employers to provide a safe and inclusive work environment that is free from any form of discrimination. To promote this cause, the Equal Employment Opportunity Commission (EEOC) requires employers to post nondiscrimination notices, which inform workers of their rights and how to report any incidents of discrimination. Failing to comply with these regulations could
Moojo, a FinTech startup dedicated to streamlining invoicing processes for freelancers and creators, has just announced the launch of a new product in partnership with Hiscox Germany. The new liability coverage for IT professionals aims to give millions of such individuals the freedom, flexibility, and security they need to work and thrive in the digital economy. Moojo’s mission is simple
Fairmatic, the insurtech company powered by AI, has secured $46 million in funding for its fleet insurance products that incentivize safer driving. Leading the round was Battery Ventures, with the participation of current investors and Bridge Bank. This funding follows Fairmatic’s oversubscribed Series A six months ago and brings the company’s total financing to $88 million. The funding round was
The California Department of Public Health (CDPH) recently released updated COVID-19 isolation guidance that has raised hopes for simpler workplace compliance obligations for employers. However, while the guidance clarifies how the new Cal/OSHA non-emergency COVID-19 regulation should be implemented in the workplace, the changes made to isolation requirements for individuals with COVID-19 have caused some confusion. Despite the ambiguity, here
The UK government has intervened in the draft legislation currently before parliament to address the risk of employers taking “unreasonable or drastic measures” to avoid being held liable for their staff’s harassment. The aim of the new draft legislation is to shift the workplace dynamics, with employers expected to take positive steps towards preventing workplace harassment. Additionally, the draft legislation
The demand for personal insurance is steadily rising, as individuals aim to safeguard their homes, automobiles, and other valuable possessions by purchasing insurance policies. Consequently, businesses have responded by offering a plethora of personal insurance products. VIU by HUB, an embedded broker platform, is pioneering the personal insurance industry with its innovative omnichannel strategy. Recently, the company has partnered with
The Michigan House has passed bills aimed at repealing the state’s right-to-work law. Here’s what it means: if the bills were to become law, employees would no longer be required to pay union dues or fees as a condition of employment, potentially weakening the bargaining power of unions. The legislation is likely to face opposition in the Republican-controlled Michigan Senate,
