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
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
