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
The National Labor Relations Board (NLRB) has confirmed that discussions about racism in the workplace are protected under Section 7 of the National Labor Relations Act (NLRA). This decision has significant implications for employers who may face legal risks if they retaliate against employees for engaging in such discussions. Overview of the NLRB’s view on workplace discussions about racism The
Litigation is something that most organizations would rather avoid, but unfortunately, it is sometimes inevitable. That’s why it’s crucial to have a system in place to assist with pre-litigation and discovery needs, and that’s where HR departments come in. In this article, we’ll cover the four basic stages of the litigation process: pre-suit investigation and pleadings stage, discovery, trial or
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
