04 May

Posted at 16:27h in Human Resources White Papers by . .
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HR Insights Blog Header Burnout is a commonly discussed issue these days—particularly while many workforces are still working from home amid the COVID-19 pandemic.

Being isolated, stressed and overworked puts employees in a difficult position and can lead to increased burnout. Oftentimes, its HR’s responsibility to help employees cope with burnout and its contributing factors.

30 Apr

Posted at 18:03h in Property & Casualty White Papers by . .
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News Brief header U.S. directors and officers (D&O) insurers continue to see underwriting losses despite taking in more premium to correct years of competitive pricing and adverse claims trends, such as growing verdicts, settlements and defense costs, according to reports from two rating agencies.

According to Fitch Ratings and AM Best, D&O insurers increased direct premiums written in 2020 by 40%, following an increase of 20% in 2019. However, this did not stop the line of business from recording an underwriting loss for the fourth straight year in 2020. Per Fitch Ratings, the combined ratio over the same period was 107%.

29 Apr

Posted at 23:46h in Human Resources White Papers by . .
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Legal Update Header On Dec. 30, 2020, the U.S. Department of Labor (DOL) published a final rule to amend employee tip regulations under the Fair Labor Standards Act (FLSA).

On Apr. 29, 2021, the DOL published another final rule delaying the effective date of three provisions of the 2020 employee tip rule (the Rule) to Dec. 31, 2021.

29 Apr

Posted at 21:27h in Risk Management White Papers by . .
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News Brief header Wildfire Community Preparedness Day is Saturday, May 1, 2021. This national event is managed by the National Fire Protection Association (NFPA) and encourages people and organizations to come together to promote wildfire awareness and participate in projects to reduce wildfire risks.

In-person gatherings continue to be limited in many areas of the country due to COVID-19. As a result, this year’s event will focus on what people can do around their homes and properties to protect against the threat of wildfires.

29 Apr

Posted at 21:14h in Human Resources White Papers by . .
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News Brief header On April 27, 2021, President Joe Biden issued an executive order raising the minimum wage of federal contractors to $15 per hour.

Beginning Jan. 30, 2022, agencies must incorporate the new rate into contract solicitations, implementing the wage into new contracts by March 30 of that year, according to the order. Organizations must also implement the $15 per hour wage into existing contracts if they are extended.

29 Apr

Posted at 21:08h in Human Resources White Papers by . .
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Legal Update Header The portal for private-sector employers to submit equal employment opportunity (EEO-1) workforce data from 2019 and 2020 is now open, the U.S. Equal Employment Opportunity Commission (EEOC) announced April 26, 2021.

The deadline for submissions is July 19, 2021. This data collection was previously delayed due to the coronavirus pandemic.