In 1993, the United States government enacted the Family and Medical Leave Act (FMLA). This federal law requires employers to provide eligible employees with up to 12 weeks of unpaid, job-protected leave per year for specific family or medical reasons. However, not all employers are subject to the FMLA’s provisions. In this article, we will explore the criteria for an
“The resilient insurance sector demonstrates its importance in the fight against climate change,” says Rory Yates from EIS. As the world faces unprecedented economic uncertainty and environmental challenges, the insurance industry is proving to be resilient and increasingly vital in the fight against climate change. EIS Group, the company behind a cloud-native, API-first digital insurance platform, is empowering insurers to
In recent years, severe weather events have become increasingly frequent, causing significant loss of life and property damage. Insurance companies are tasked with responding quickly and efficiently to weather-related claims. It is essential for them to gather information on the size, scope, extent, and potential impacts of severe weather events so that they can respond promptly. To that end, Amica
Layoffs have become a common occurrence in many companies, with big names like Accenture, Amazon, and Meta all making significant workforce cutbacks in recent times. All too often, however, companies opt to use a less direct approach known as “backdoor layoffs” to reduce their workforce. Workers are faced with new duties, reduced hours, or other changes in their work conditions
In recent years, there has been growing recognition of the problem of discrimination based on body weight and height. In response to this issue, lawmakers in New York City have proposed new legislation that seeks to prevent discrimination based on these factors. The proposed bill would offer legal protection to individuals based on their body size in areas such as
Insurance technology provider AdvantageGo and insurtech solutions provider Zywave have announced a new strategic alliance aimed at improving underwriter decision-making. The focus of the alliance is on integrating Zywave’s ClarionDoor and AdvantageGo’s Underwriting Workbench. With a rapidly changing insurance landscape, the integration is timely and necessary. Today, insurance customers demand speed, accuracy, and transparency in the underwriting process. By combining
Natural disasters have been wreaking havoc worldwide, causing billions of dollars in property damage. The insurance industry, meanwhile, has been feeling the strain of increased claims due to the rising frequency and severity of natural disasters. Swiss Re, a leading reinsurer, has released a report detailing the impact of natural disasters on the global economy and insurance industry in 2021.
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
