Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
How To Avoid Costly Hiring, Firing Mistakes in a Down Economy
May 18 2009 // With layoffs, downsizing and stressed-out employees, it is more important than ever for employers to fully grasp the legal aspects of hiring, managing and terminating workers. Hiring new employees is an important step for...
Workers’ Compensation Insurers Break Even in 2008
May 18 2009 // Recession Reduces Claims but Poor Investment Climate Frustrates Insurers The workers’ compensation insurance industry experienced a year of mostly solid results in 2008, according to Dennis Mealy, NCCI Holdings Inc....
Workers’ Compensation Group Trusts: E&O Friend or Foe?
May 18 2009 // Agents Advised to Know How Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: [A] group of...
A Practical Guide to Workers’ Compensation
May 18 2009 // Prepare Clients for Premium Audits by Knowing the ABCs of Audits Insurance agents and brokers are charged with many duties on behalf of their clients. One often neglected duty is working with insureds to prepare them for...
North Carolina Considers Cap on Workers’ Compensation for Retirees
May 12 2009 // The North Carolina House Insurance Committee has advanced a measure that would limit workers’ compensation payments to injured workers a few years after they become eligible for Social Security. The bill (HB 1022)...
North Carolina Agent Charged With Workers’ Compensation Fraud
May 8 2009 // A North Carolina insurance agent has been arrested, charged with twice failing to remit insurance premiums to the insurance company. North Carolina Commissioner Wayne Goodwin reported the arrest of Sherri Efrid, of...
Michigan Objects to Chrysler-Fiat Deal Over Workers’ Compensation Funds
May 7 2009 // Michigan is objecting to the sale of Chrysler LLC assets to Italian automaker Fiat, claiming the new company won’t meet obligations to a state workers’ compensation fund. State Attorney General Mike Cox filed...
50 Reasons Why Retail Agents Choose Managing General Agency Partners
May 4 2009 // As a large broker, this is decided based on relationships, successes, volumes, commissions levels, service. In other words we are dictated by volume. Service, service, service, markets, price, service. Personal...
Florida Restores Cap on Workers Compensation Attorneys’ Fees
May 4 2009 // The Florida Senate voted 22-16 to restore a cap on attorneys’ fees in workers’ compensation cases. The measure, backed by the state’s insurance regulator and previously passed by the House, 84-35, now...
Mercury General Reports Implements Salary Freeze, 7% Workforce Reduction
May 4 2009 // Mercury General reported net income in the first quarter 2009 was $96.7 million compared with net loss of $4 million for the same period in 2008. Included in net income are net realized investment gains, net of tax, of...
California Workers’ Compensation Insurance Rating Bureau Revises Rate Recommendation
Apr 24 2009 // The Workers’ Compensation Insurance Rating Bureau of California has revised its recommended pure premium rate increase of 24.4 percent downward to 23.7 percent. On March 27, 2009, the WCIRB submitted a pure premium...
Ohio Chiropractor Sentenced for Workers’ Compensation Fraud
Apr 21 2009 // A Cleveland, Ohio, chiropractor who has been under investigation by the Ohio Bureau of Workers’ Compensation’s (BWC) special investigations department (SID) has been sentenced after pleading guilty to...
For Award Winning CSR, Going ‘Above and Beyond’ is Part of the Job
Apr 20 2009 // What does it take to deliver outstanding customer service? Kimberly J. Muesse, a senior account manager with the Lockton Companies in Houston, should know. She’s won a string of awards during her 25-plus years in the...
Make the iConnection: Engage Your Future Leaders
Apr 20 2009 // Talent Strategies for Understanding Generation Y Employees “They all received trophies just for showing up. They are unable to accept failure.” “If they don’t like the way the game is being played,...
Florida’s Patriot Forms Private Label Workers’ Compensation Unit
Apr 15 2009 // Fort Lauderdale-based wholesale insurance broker Patriot Risk Management, Inc. has formed Patriot Underwriters, Inc. to help expand its insurance distribution and policyholder services business. Patriot Underwriters will...
Arkansas Workers’ Compensation Costs Continue to Decline
Apr 7 2009 // Arkansas Insurance Commissioner Jay Bradford has announced a decrease in workers’ compensation costs effective July 1, 2009. The overall loss cost decrease in the voluntary market is 7 percent, while the overall...
Nationwide Mutual Insurance Cuts 480 Jobs in Latest Layoffs
Apr 6 2009 // Nationwide Mutual Insurance Co., based in Columbus, Ohio, on April 3 laid off 480 employees and contractors across the country, the latest round of job cuts from the insurance giant, a spokesman said. Nationwide has...
Marsh & McLennan CEOs Took Home $33M in Compensation in 2008
Apr 6 2009 // Marsh & McLennan Cos. paid out more than $33 million in compensation to its two chief executives that oversaw the company in 2008, according to an Associated Press calculation of figures disclosed in a regulatory...
Workers’ Compensation Group Trusts: E&O Friend or Foe?
Apr 6 2009 // Agents Advised to Know How Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: “[A]...
Workers’ Compensation Group Trusts: E&O Friend or Foe?
Apr 6 2009 // Agents Advised to Know How Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: “[A]...
