Trade secrets are essential to many companies, providing them with unique advantages in a competitive business environment. Whether they are pricing schemes, business plans, or production shortcuts, protecting trade secrets is crucial to maintaining a company’s success. However, protecting these trade secrets can be challenging, particularly when key employees leave for a competitor. This article explores the potential risks of
As the world becomes increasingly pet-friendly, with more and more people welcoming furry friends into their homes, the pet insurance industry has experienced significant growth in recent years. The North American Pet Health Insurance Association (NAPHIA) has recently released its 2023 State of the Industry (SOI) Report, showing impressive growth in the North American pet health insurance sector. This report
The InsurTech industry has bounced back strongly in the first quarter of 2021, with global investments reaching $1.39 billion, according to the latest Global InsurTech Report from Gallagher Re. This marks a 37.6% increase from the previous quarter’s lowest total since Q1 2020, indicating a strong recovery for the industry. The report also highlights some interesting trends in the industry,
A recent court ruling serves as a reminder to employers that job fractioning is not an effective defense against claims of unlawful discrimination. The ruling involves the case of Spears v. Louisiana College where the plaintiff brought claims of age, sex, and disability discrimination, as well as breach of contract and retaliation. In this article, we will explain what job
As the tourism industry continues to experience growth, the travel insurance market is also expanding rapidly. According to a report from Research and Markets, the rise in tourism travel is fueling the growth in the travel insurance market. In this article, we will take a closer look at the current state of the travel insurance market, its predicted future growth,
On January 1, 2021, the United Kingdom completed its exit from the European Union after a long and complex negotiation process. Following Brexit, the UK has been busy trying to disentangle itself from many EU regulations and laws in order to take control of its own affairs. One of the first pieces of legislation introduced to achieve this was the
Arbitration agreements have become increasingly popular in California and other states as a means of resolving disputes between employers and employees. However, the enforceability of these agreements has recently come under scrutiny by courts, particularly in instances where the agreement is signed by an employee without fully understanding its terms. In a recent decision, the California Court of Appeal held
The Department of Labor (DOL) has proposed a new rule that aims to tackle employee misclassification by redefining who is considered an employee. The rule change would affect independent contractors, employees, and employers, and could have wide-ranging implications for the workforce and economy as a whole. This article will explore the background of misclassification and independent contractors, the details of
Artificial intelligence (AI) has the potential to transform entire industry ecosystems. From healthcare to banking, automotive to art, various industries have already begun to integrate AI into their operations. The scale of AI advancement is unprecedented, and the technology is increasingly being used to navigate the challenges faced by businesses. In this article, we will explore Tractable’s AI technology and
A recent federal court case revealed the horrifying account of an employer who repeatedly ripped off its workers through a cashback scheme to the point where the employees found themselves deceived and financially incapacitated. Despite the employer’s efforts to evade responsibility, the court held the employer guilty of violating workplace laws and ordered the payment of over $291,000 in penalties
Ledgebrook, an insurtech based in Boston, has announced that it raised $4.6 million in a recent funding round. This funding will be used to scale the company’s flagship non-admitted GL & Supported Excess product and to support the development of future offerings. Details of the funding round Parker Beauchamp at Markd led the funding round, with participation from Brand Foundry
Employment law is constantly evolving, and Canadian law is no exception. In recent years, there have been significant changes to employment law in Canada that both employers and employees need to be aware of. In this article, we’ll go over some of the most important changes to Canadian employment law that you should know about. The Approaching Deadlines for Canada’s
