In a move aimed at strengthening Business Owner’s Policy (BOP) coverage options for small enterprises across the United States, Simply Business, LLC has announced a strategic partnership with Coterie Insurance, a tech-enabled Managing General Agent. This collaboration seeks to leverage digital platforms to provide small business owners with a streamlined, comprehensive BOP coverage purchase process. Business operations ranging from medical
The holiday season is a time of joy and celebration, but for HR departments, it can also be a period fraught with compliance challenges and potential pitfalls. Ensuring that company policies are upheld while fostering a positive work environment is crucial. This article delves into four primary areas of concern for HR professionals during the holiday season: gift-giving, holiday payments,
In a significant decision, the U.S. Supreme Court has vacated and remanded a ruling by the Court of Appeals for the D.C. Circuit in the case of Hospital Menonita Guayama, Inc. v. NLRB, which challenges the National Labor Relations Board’s (NLRB) “successor bar” rule. This rule requires acquiring companies to negotiate with the existing unions of the companies they acquire.
The article “AI and oversight: Navigating risks in insurance tech” explores the increasingly prominent role of artificial intelligence (AI) within the insurance sector, primarily focusing on property and casualty (P&C) insurance. Over recent years, the adoption of AI in various facets of insurance has surged, facilitating innovations like smart home security systems and advanced risk assessments for severe weather events.
Navigating the landscape of insurance can feel labyrinthine, with numerous choices and perplexing terminology. The complexities are compounded by the diverse range of insurance needs, including auto, health, home, and life insurance. Making a well-informed decision is crucial but often arduous. To alleviate this burden, digital brokers and marketplaces have emerged as revolutionary tools that offer a simplified and transparent
When presented with a new employment contract, understanding its details is crucial for protecting your rights and ensuring you get fair treatment. Employment agreements can be complex, but taking the time to thoroughly review them is essential in preventing potential legal and financial complications. This guide provides practical insights into navigating the intricacies of employment contracts, helping you make informed
WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions firm, has recently unveiled groundbreaking AI capabilities that promise to revolutionize their financial modeling and reporting software, RiskAgility Financial Modeller (RiskAgility FM). Used extensively by life and health insurers, the integration of Artificial Intelligence and large language models (LLMs), driven by Generative AI technology, marks a significant leap forward in
The recent webinar on global compensation, employment, pensions, and governance brought together a panel of employment and compensation lawyers from various jurisdictions who discussed future shifts in employment law following the recent U.S., U.K., and EU elections. Moderated by Inge Vanderreken, the discussion featured insightful contributions from John Cannon, Arnold Keizer, and Gordon Bartlett. The main focus of the event
MAPFRE RE has successfully structured its first catastrophe bond issuance, a significant step in enhancing its retrocession protection against natural disasters. Issued by Recoletos Re DAC, an Irish special-purpose vehicle, this Series 2024-1 bond provides multi-year coverage from January 2025 to December 2027. Designed to offer protection against losses caused by tropical storms and hurricanes in the United States, the
The Occupational Safety and Health Administration (OSHA) has introduced several significant regulatory changes for the fiscal year 2024 to enhance workplace safety and health standards across various sectors. Employers must stay informed and adapt to these changes to ensure compliance and maintain a safe working environment. This article provides an overview of the key OSHA rule changes and offers guidance
When employees receive speeding tickets while driving company vehicles for work purposes, employers might wonder whether they can deduct the cost from the employees’ wages. The answer is complex and requires careful consideration of both federal and state laws. Employers should exercise caution when contemplating payroll deductions that are not explicitly permitted by federal law or state regulations. These deductions
McKenzie Intelligence Services (MIS) has reached a significant milestone with its groundbreaking Global Events Observer (GEO) platform, which has emerged as a transformative tool in both geospatial intelligence and insurance technology. Since its inception in 2021, GEO has issued over 200 comprehensive reports on global catastrophic events, meticulously covering a wide array of perils including hurricanes, wildfires, floods, tornadoes, earthquakes,
