Workers are returning to U.S. offices at the fastest rate since the pandemic forced most workplaces to close temporarily in 2020, as infection rates continue to fall and more companies ramp up efforts to rehire employees. Over the five business days from September 8 to September 14, office use averaged 47.5% of early 2020 levels… Continue reading Employers Are Getting Workers Back to the Office
Author: Farkas Laura
Puerto Rico Begins Restoring Power after Hurricane Fiona Knocked Out Electricity
Power is slowly being restored to parts of Puerto Rico Sunday after Atlantic storm Fiona clipped the island as a Category 1 hurricane, knocking out electricity to the entire US territory and causing “catastrophic damage,” Governor Pedro Pierluisi said. Packing sustained winds of 85 mph and dumping massive amounts of rain on the island, the… Continue reading Puerto Rico Begins Restoring Power after Hurricane Fiona Knocked Out Electricity
U.S. Homebuilder Sentiment Falls for a Ninth Month in Record Slide
A gauge of US homebuilder sentiment declined for a ninth straight month in September as mortgage rates continued to climb, further accelerating the housing-market cool-down. The National Association of Home Buyers/Wells Fargo gauge decreased by three points to 46, figures showed Monday. Homebuilder sentiment has fallen every month this year, the longest stretch of declines… Continue reading U.S. Homebuilder Sentiment Falls for a Ninth Month in Record Slide
Chubb Launches Blink Paycheck, Sick Pay Insurance Protection to Help Keep Life on Track
BlinkSM by Chubb® announced today the launch of Blink Paycheck, a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work. Blink is a suite of Chubb-backed consumer insurance products that the company’s affinity and digital broker partners offer to their customers,… Continue reading Chubb Launches Blink Paycheck, Sick Pay Insurance Protection to Help Keep Life on Track
Administration Promotes $1 Billion in Grants to Fight Cybercrime
The Biden administration has called on states and local governments to apply for new cybersecurity grants worth $1 billion over four years. The move is part of US efforts to beat back attacks from criminal hackers, who have successfully targeted everything from gas pipelines and meat factories to schools and hospitals. “Cyberattacks have emerged as… Continue reading Administration Promotes $1 Billion in Grants to Fight Cybercrime
More North American Organizations Plan to Disclose Pay Info
In light of the increased legislation on pay transparency, the number of North American organizations that disclose pay rate and range information to prospective employees is expected to surge across the U.S., even in places without requirements. This, according to a new pulse survey by leading global advisory, broking and solutions company WTW. The 2022… Continue reading More North American Organizations Plan to Disclose Pay Info
Uber Hacker Claims Widespread Computer Access Following Breach
Uber Technologies Inc. has responded to a cybersecurity breach allegedly caused by a hacker who claimed to have gained widespread access to the company’s computer systems. “We are currently investigating a cybersecurity incident.” “We are in contact with law enforcement and will post any additional updates here as they become available,” the ride-hailing company said… Continue reading Uber Hacker Claims Widespread Computer Access Following Breach
SEC Climate Rule Won’t Demand Extensive Reporting from Small Businesses
In response to concerns about compliance costs, Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that a proposed climate disclosure rule would not require public companies to ask small private suppliers to report on their carbon footprints. Mr. Gensler said Thursday at a U.S. Senate oversight hearing that public companies reporting emissions linked to… Continue reading SEC Climate Rule Won’t Demand Extensive Reporting from Small Businesses
Fitch Ratings: D&O Premium Increases to Slow Down
According to Fitch Ratings, a three-year trend of steep premium increases in the US directors and officers (D&O) insurance market, along with lower limits, higher retentions, and more coverage exclusions, is beginning to subside. These trends have resulted in an improvement in the financial performance of US D&O insurers over a three-year period. According to… Continue reading Fitch Ratings: D&O Premium Increases to Slow Down
Outlook for P&C Sector Stable, Characterized by Strong Underwriting Profitability
A recent report by Moody’s affirmed that its stable outlook for the US commercial P&C insurance sector reflects strong underwriting profitability, despite slowing price increases and persistent claims inflation. Premium growth will also continue despite the economic slowdown says Moody’s, with expected real GDP growth of 1.9% in 2022 and 1.3% in 2023, following growth… Continue reading Outlook for P&C Sector Stable, Characterized by Strong Underwriting Profitability