In the restaurant industry, sexual harassment is rampant. According to one study, as many as 90% of women and 70% of men have experienced some form of sexual harassment while working in restaurants. The restaurant industry’s high levels of sexual harassment present a formidable and pervasive problem as one of the largest employers of women… Continue reading Restaurant Industry Experiences Frequent and Costly Harassment Lawsuits: Advisen Data
Author: Farkas Laura
Biden Administration Expanding Availability of Health Insurance to Families
On Tuesday, the Biden administration announced that it is adjusting federal regulations to allow over a million Americans to purchase cheaper health insurance under the Affordable Care Act without the need for new legislation from Congress. A significant portion of the change is based on correcting the so-called “family-glitch,” which prevents some families from receiving… Continue reading Biden Administration Expanding Availability of Health Insurance to Families
Climate-Reporting Requirements May Allow Businesses to Appear Greener than They Are
As more companies report their greenhouse gas emissions, the standards they use are coming under increased scrutiny, with some claiming that they make the companies appear greener than they are. The Greenhouse Gas Protocol, a coalition of environmental organizations and businesses, developed what have become de facto standards for companies to disclose the carbon footprints… Continue reading Climate-Reporting Requirements May Allow Businesses to Appear Greener than They Are
Power Outages Caused by Severe Weather Have Doubled in the Last 20 Years
According to an Associated Press analysis of government data, power outages caused by severe weather have more than doubled in the United States over the last two decades, as a warming climate creates more destructive storms that cripple large segments of the country’s aging electrical grid. According to data from the U.S. Department of Energy,… Continue reading Power Outages Caused by Severe Weather Have Doubled in the Last 20 Years
Moody’s: Russia’s Invasion of Ukraine Creates New Risks for Insurers
The economic consequences of Russia’s invasion of Ukraine, according to Moody’s, create new risks for global insurers and asset managers, with the severity of the crisis determining the impact. Moody’s created its own baseline scenario, which resulted in GDP growth in the G20 economies slowing to 3.6 percent in 2022, down from the company’s initial… Continue reading Moody’s: Russia’s Invasion of Ukraine Creates New Risks for Insurers
Energy Transition Being Accelerated by Events in Eastern Europe
The need to manage energy transition risk is being accelerated by the requirement to seek alternative sources of energy to oil and gas following events in eastern Europe, according to WTW, a leading global advisory, broking, and solutions company, at the launch of its annual Energy Market Review. The report also covers the volatility of… Continue reading Energy Transition Being Accelerated by Events in Eastern Europe
K2 International Looks to Attract Underwriters to Its Platform
Based in London, underwriting firm K2 International has made some big steps in the two years since it was established by its parent US company, K2 Insurance Services LLC. Throughout recent months, beginning in 2021 and going into this year, the firm has made several significant personnel hires; attracted new carriers; and built a robust… Continue reading K2 International Looks to Attract Underwriters to Its Platform
Wall Street’s Rigid Culture Bends to Demands for Flexibility at Work
When Tom Naratil arrived on Wall Street in the 1980s, work-life balance didn’t really exist. For most bankers of his generation, working long hours while missing out on family time wasn’t just necessary to get ahead, it was necessary to not be left behind. But Mr. Naratil, now president of the Swiss bank UBS in… Continue reading Wall Street’s Rigid Culture Bends to Demands for Flexibility at Work
Proposed 11% Rate Hike for Citizens Property Insurance Customers Goes Before Regulators
Insurance regulators took up a request by Citizens Property Insurance Corp. to raise rates by nearly 11%, as policies continue pouring into the state-backed insurer. The Florida Office of Insurance Regulation held a three-hour hearing on the request, which, if approved, would begin taking effect Aug. 1. It was not immediately clear when regulators will… Continue reading Proposed 11% Rate Hike for Citizens Property Insurance Customers Goes Before Regulators
Jimcor Announces New Underwriter: Commercial Lines in Georgia
Jimcor Agency, Inc. a national wholesale broker & MGA announced a new Underwriter: Commercial Lines in Georgia with the hire of Michael Becotte. Mike Becotte will be working out of their Cumming, GA office focused on Commercial Lines in the Southeast. He was most recently with Southern Insurance Underwriters prior to joining Jimcor. His career… Continue reading Jimcor Announces New Underwriter: Commercial Lines in Georgia