In a move poised to transform the labor landscape across the United States, the Federal Trade Commission has introduced a final rule that bans the use of noncompete agreements nationwide. This sweeping regulation—expected to significantly impact both employers and...
Is AI the answer to talent shortages in claims?
Talent shortages continue to rank in the top 10 concerns of insurance industry stakeholders.[1] According to the U.S. Census Bureau 12,000 people per day will turn 65 in 2024, calling this milestone “Peak 65.” Peak 65 is expected to lead to talent shortages in the...
Maximizing professional success: Beyond skills and experience
A degree and years of experience are great attributes when finding the dream job, but there’s more to the story. There are plenty of internal and external factors that can affect your career’s trajectory like confidence, soft skills, and a work-life balance. Let’s...
N.Y.: U.S. Second Circuit Court of Appeals upholds New York Black Car Operators Injury Compensation surcharge on noncash tips
In a victory for black car and gig drivers, the U.S. Second Circuit Court of Appeals unanimously ruled 3-0 that the New York Black Car Operators' Injury Compensation Fund has the statutory authority to impose a 2.5% surcharge on noncash tips. This ruling was made on...
Where the legal risks lurk in human resources: Reduce the risk of wage-and-hour violations
As an employment lawyer and human resources expert spending my career working with businesses of various sizes, I believe the single most important thing employers can do is make sure they are handling their employees’ wages properly. When people’s livelihoods are...
N.Y.: Noncompete ban bill vetoed by governor
A noncompetition agreement, or noncompete agreement, is nothing new in the world of business. These agreements prohibit an employee from working for competitors or opening competing businesses, typically for a certain period of time after an employee leaves a job. In...
Just starting out … what’s your business structure?
When starting an insurance agency, one of the first key decisions is choosing a business structure that aligns with your goals. This critical choice impacts liability protection, startup costs, administrative duties, taxes, raising capital, and planning for the...
Design workspaces with employee health and safety in mind
Whether you’re a business owner or manager, employee well-being and safety should be at the top of your priority list. You might have safety strategies and health practices in place designed to keep your employees happy and healthy, but you could be overlooking...
N.J.: 2024 WC overall rate level decreases 3.9%
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -3.9% to become effective Monday, Jan. 1, 2024, applicable to new and renewal policies. The NJCRIB distributed Circular...
NCCI 2024 WC loss cost decrease of 9.8% approved
The Connecticut Insurance Department approved the proposed workers’ compensation loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 9.8% decrease. Also approved is an overall assigned risk rate reduction of 10.5%....