In a significant development highlighting the ongoing issue of child labor law violations within challenging industries, Smithfield Foods has decided to settle with the Minnesota Department of Labor and Industry (DLI) for a sum of $2 million. The agreement, reached after the DLI’s two-year audit uncovered employment of underage workers in hazardous conditions, has sparked conversations about industry standards and
In a groundbreaking partnership between Mulberri, a digital insurance platform specializing in business insurance, and Qualys, renowned for its cloud-based IT, security, and compliance risk management solutions, the two companies aim to enhance cyber insurance offerings, particularly for small and medium-sized enterprises (SMEs). With an alarming 68% annual attack rate on SMEs, this collaboration targets a pressing need. Mulberri’s flagship
In a significant move towards addressing comprehensive environmental, social, and governance (ESG) risks on a global scale, HDI Global is set to expand its environmental liability insurance offerings internationally. This strategic shift is driven by the appointment of Stefan Pasternak as CFO, effective April 1, 2025, succeeding Christian Hermelingmeier who will transition to Hannover Re. Presently, HDI Global’s environmental liability
In an era where climate change and extreme weather events are becoming increasingly frequent and severe, the need for accurate and swift property and climate risk assessments has never been more urgent. Standard Casualty, an insurer specializing in mobile homes, has recognized this necessity and has formed a groundbreaking partnership with ZestyAI, a provider of advanced analytics solutions. This alliance
The dawn of a digital revolution posed an imperative challenge for a major Fortune 500 insurer, faced with the escalating demands of data management. The existing on-premises systems burgeoned under the weight of terabytes of incoming data daily and manual processes that had become increasingly inefficient. To counteract these hurdles, they embarked on an ambitious transformation, focusing on building a
In a significant development poised to impact the U.K. insurance sector, LexisNexis® Risk Solutions has expanded its partnership with TransUnion to introduce enhanced credit reporting and affordability solutions. This collaboration aims to provide U.K. insurance providers with more comprehensive tools to make informed decisions that align with customers’ financial circumstances. By integrating TransUnion’s Affordability Report into its range of LexisNexis
The partnership between ZestyAI, an AI-driven property and climate risk analytics provider, and Standard Casualty Company, a specialized property insurer for manufactured homeowners, marks a significant advancement in risk assessment and policyholder engagement. By leveraging advanced analytics solutions, this collaboration addresses the growing complexities of property risks due to climate change. As natural disasters become more common and severe, the
In a move that promises to revolutionize the UK insurance market’s approach to affordability, TransUnion has expanded its strategic relationship with LexisNexis Risk Solutions. This collaboration aims to equip insurance providers with enhanced affordability insights that could prove crucial in these economically challenging times. Integrating TransUnion’s Affordability Report into the LexisNexis Informed Quotes platform marks a significant step toward addressing
The human resources industry has witnessed notable shifts in various aspects over the past week, reflecting evolving worker preferences, technological adoption, and regulatory changes. Among the significant developments are the National Labor Relations Board’s landmark ruling against Amazon, the ongoing gap between the demand and supply of flexible jobs, the sluggish pace of artificial intelligence integration in workplaces, concerning trends
Favoritism in the workplace is a complex issue that can significantly impact employee morale and productivity. While rewarding high-performing employees is a common practice, it is crucial to distinguish between lawful favoritism based on performance and unlawful favoritism based on discriminatory factors. This article delves into the legal boundaries of favoritism and offers best practices for employers to navigate this
The National Labor Relations Board (NLRB) recently made a significant decision, ruling that captive audience meetings, where employers present their views about unionization to employees, are unlawful. This practice has been a contentious issue, with employers historically relying on a precedent set in 1948 by Babcock and Wilcox Co. However, the NLRB’s new ruling finds that these meetings violate Section
Previsico, a specialist in surface water flood forecasting, has announced the launch of Instacasting, a next-generation flood mitigation solution. This innovative tool leverages the most accurate observed rainfall data available in the market to predict surface water flood risk more quickly and precisely. Instacasting complements Previsico’s existing flood data by employing exact rainfall data, thus enhancing flood resource allocation, loss
