In a recent development regarding the Affordable Care Act (ACA), the 5th Circuit Court of Appeals has issued a stay order, halting the enforcement of a Texas federal district court ruling that voided the ACA requirement for health plans to cover preventive care items and services recommended by the United States Preventive Services Task Force (USPSTF) without cost sharing. This
Pay range transparency laws have been gaining momentum across the United States, ensuring that workers have access to information about salary ranges for specific positions within their organizations. These laws aim to address wage disparities and promote pay equity. Recent data reveals the significant impact these laws are having, with nearly 83.6 million workers now potentially covered by pay range
The California Department of Public Health (CDPH) has recently made a significant change to the definition of a COVID-19 outbreak in non-healthcare settings. This change, which reduces the timeframe for counting COVID-19 cases within an exposed group from 14 days to 7 days, has profound implications for employers and their ability to manage outbreaks effectively. Previous Outbreak Definition and Requirements
In a landmark decision, the U.S. Supreme Court set aside longstanding precedent and raised the bar for employers to deny religious accommodations to their employees. The case of Groff v. DeJoy, Postmaster General, has far-reaching consequences for how employers must handle requests for religious observance or practice under Title VII of the Civil Rights Act of 1964. This article provides
Investment in the rapidly evolving field of insurtech is essential to drive innovation and reshape the insurance industry. In line with this, Flow Capital has recently closed an investment in Wrisk Limited, a digital-first insurance business focused on revolutionizing customer mobility and insurance experiences. This article delves into the details of Wrisk’s unique offerings, its growth plans, and the role
USF Holland, a trucking company located in Olive Branch, Mississippi, has agreed to pay $490,000 in settlement and provide $120,000 in scholarships to resolve claims of discrimination against qualified female applicants. The company is accused of failing to hire female employees since its establishment in 1986. Allegations against USF Holland’s terminal in Olive Branch, Mississippi According to the Equal Employment
Federato, an innovative InsurTech firm, has made waves in the insurance sector with its RiskOps underwriting platform. The company recently announced the successful completion of a $25 million Series B fundraising round, positioning itself as a leader in applying AI technology to underwriting and portfolio optimization. Application of AI Technology in Underwriting and Portfolio Optimization Federato’s RiskOps platform has carved
The California court recently ruled in favor of the California Department of Human Resources (CalHR) in a case brought by a state employee regarding the State’s Employee Suggestion Program. The program offered cash awards to state employees who submitted suggestions that improved government efficiency or saved the state money. The case highlights the importance of following proper procedures when filing
Insurtech firm Accelerant has launched its Risk Exchange platform to support specialty underwriters. The platform aims to connect specialty underwriters with a group of capacity providers, thanks to the help of Accelerant-owned insurance companies. This innovative platform provides access to a range of risk capital, allowing underwriters to write the risks they want. Connecting specialty underwriters with capacity providers Specialty
Exdion Solutions, a leading provider of software and data analytics solutions for the insurance industry, has recently appointed S. Steven Salar as the President and Head of Insurance Operations. Salar will be responsible for overseeing the company’s North American business, which includes managing the sales and delivery of the company’s innovative data analytics software and suite of products designed to
The insurance industry has undergone significant transformation over the years. However, despite the advancements, consumers still face the problem of increased premium rates each year. In this regard, Rnwl, a UK-based startup, is looking to transform the insurance industry through an automated price comparison solution. Rnwl has launched a funding campaign to raise growth capital, and this article examines the
The issue of underinsurance has been a persistent problem in the property insurance market for years. Commercial property owners are often unaware of the correct rebuild cost of their buildings, leading to undervaluation and underinsurance. This creates exposure for insurers and brokers who must pay out large sums for claims that may be underinsured. A recent study by insurance broker
