Oct 27, 2023 | Business Insurance, Business Operations
WORKERS’ COMP fraud costs the insurance industry roughly $5 billion each year, according to estimates by the National Insurance Crime Bureau. And depending on whom you ask, fraud accounts for as much as 10% of the costs of all workers’ comp claims. This... 
Oct 19, 2023 | Business Insurance, Business Operations
PERSONAL AUTO insurance rates continue increasing and even motorists who have had no accidents or moving violations are seeing their premiums climb at some of the highest rates for decades. Continuing a trend from the past six years, premiums increased an average of... 
Oct 11, 2023 | Business Insurance, Compliance Reminder
THE U.S. Department of Labor has issued its long-awaited proposed changes to the nation’s overtime rules for American workers, proposing to increase the threshold for exempt status by more than 50% to just over $55,000. Under DOL rules, workers who are exempt... 
Oct 4, 2023 | Business Insurance, Business Operations
While cyber threats grow and the cyber insurance market evolves, insurers are regularly adjusting their policy terms and conditions in response to new threats and exposure. Carriers have amassed nearly a decade’s worth of data and are getting more stringent... 
Sep 30, 2023 | Business Insurance, Business Operations
ONE OF the main ways to reduce workers’ compensation costs is to get injured workers back on the job as quickly as possible, and when it is safe to do so. The key, experts say, is to help the injured employee better engage in the workers’ comp system, so they have a... 
Sep 21, 2023 | Business Insurance, Business Operations, Workplace Safety
SINCE THE COVID-19 pandemic, more employers are allowing their staff to work remotely on a permanent basis. This newfound freedom for American workers has allowed many of them to leave the cities they were living in for small towns or even more remote areas around the...