Recently, the New York state Legislature began its 2025 session, and with it came two newly introduced bills—A.892 and A.3529—which, if passed, would bring notable changes to employment policies across the state. These bills would expand employee benefits, including...
Emerging niche industries are reshaping markets, offering innovative solutions to unique challenges. However, these industries often face risks distinct from traditional sectors. From mental health challenges to regulatory uncertainty, the fast pace of growth can...
We’re long past the days when cybersecurity was just an IT issue. Now, it’s a company-wide imperative that requires everyone to be hypervigilant and proactive. With cyberattacks becoming more frequent and sophisticated, organizations must adopt a holistic approach to...
The New York State Department of Financial Services has announced new Paid Family Leave premium rates for 2025. On Wednesday, Jan. 1, 2025, the maximum PFL contribution rate changed from 0.373% to 0.388% of an employee’s gross annualized wages. This translates to a...
The Connecticut Insurance Department approved the proposed workers’ compensation loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 6.1% decrease. Also approved is an overall assigned risk rate reduction of 6.2%. These...
Many employers are grappling with low levels of employee engagement and morale. Factors like increased workloads, lack of recognition and insufficient communication create a workplace atmosphere in which employees may feel undervalued and disconnected. This...
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -6.9% to become effective Wednesday, Jan. 1, 2025, applicable to new and renewal policies. The NJCRIB distributed Circular...
In my completely biased opinion, the legal field has one of the best lexicons of any profession. Usurious, champerty, tortfeasor, and restrictive covenants are just a few of the myriad legal terms that all sound exceptionally legal and are almost completely opaque....
The New Jersey state Legislature returned from summer break earlier this month, and legislators have wasted no time introducing legislation that could impact workers across the state. Introduced in the New Jersey Assembly on Sept. 23, 2024, A-4852, would...
Millennials and Gen Z represent the largest generation in history, and both generations are a largely untapped market for the insurance industry. While the insurance world has been evolving, let’s face it, the processes can be clunky and cumbersome, which is not...