Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
Texas Medical Supplier to Pay $448K in Back Wages for Racial Hiring Discrimination
Nov 6 2024 // The U.S. Department of Labor’s Office of Federal Contract Compliance Programs has entered into an agreement with McKesson Medical-Surgical Inc., one of the nation’s largest distributors of medical supplies, to...
Owner Compensation Performance Based – Part 2
Nov 4 2024 // Last month we discussed the three components of owner compensation that we recommend. These include the management piece, production component and how to split up the profits all based on the performance of each...
New York Reduces Workers’ Compensation Assessment Rate for 2025
Oct 31 2024 // New York employers will pay 22% less in the annual assessment to run the state’s workers’ compensation system in 2025. The rate assessed on standard premiums will be 7.1% beginning January 1, 2025, down from...
New Jersey Workers’ Compensation Rates to Drop 6.9% for 2025
Oct 30 2024 // New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply...
Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse
Oct 28 2024 // Brazil on Friday signed a 170 billion reais ($29.85 billion) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters. The...
AI Push Sees Italy’s Intesa Axing 9,000 Jobs in ‘Generational’ Shift
Oct 24 2024 // Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial...
Brazil to Sign Compensation Deal With Miners Over 2015 Dam Disaster on Friday
Oct 24 2024 // Brazilian authorities will sign on Friday a long-awaited reparation deal with miners Vale, BHP and Samarco over the 2015 Mariana dam collapse, the country’s presidential office said on Wednesday. The agreement will...
Top 5 Challenges Faced by MGAs in Managing Multi-Carrier Processes and How to Overcome Them
Oct 23 2024 // This post is part of a series sponsored by Selectsys. Managing multi-carrier processes presents significant challenges for Managing General Agents (MGAs). With increasing complexity in the insurance landscape, MGAs must...
Brazil to Seal $30B Compensation Deal With Miners Over 2015 Dam Collapse: Sources
Oct 21 2024 // Miners Vale, BHP and Samarco are discussing a near $30 billion compensation deal with Brazilian authorities related to the 2015 Mariana dam collapse, they said on Friday, with an agreement set to be signed on Oct. 25,...
Worker Injured While Drunk on the Job Wins Claim Approval
Oct 18 2024 // A worker injured when he fell from a ladder is entitled to workers’ compensation benefits despite the fact he was intoxicated at the time of the accident. An appellate court in New York has upheld a decision of the...
City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs
Oct 16 2024 // Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates. Michael...
Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%
Oct 15 2024 // Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease...
Enhancing Workers’ Compensation and GL Underwriting with Underwriter Link
Oct 15 2024 // This post is part of a series sponsored by Selectsys. In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while...
Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth
Oct 9 2024 // A Virginia man pled guilty to embezzling funds from his former employer, a fund that provides financial assistance to families of infants who suffer from brain or spinal cord injuries, reports the U.S. Attorney for Eastern...
Strategies to Recruit Insurance Producers in Today’s Job Market
Oct 7 2024 // A surprising question about recruiting emerged in 2024. Insurance agencies have consistently asked me, “What are you seeing in the market for insurance producers?” The fact that agencies are looking for...
Owner Compensation Performance Based – Part One
Oct 7 2024 // The amount of money an owner makes is directly proportional to the perceived importance, or success, to the person taking the money home. It is well known that there are factors that dilute this rule, but it still is a...
Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI
Oct 1 2024 // The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation...
Connecticut Workers’ Compensation Costs to Drop Again in 2025
Oct 1 2024 // Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the...
A ‘Real Race for Talent’ in E&S Industry, Says WSIA’s Kelley [Video]
Sep 25 2024 // Brady Kelley, president and CEO of the Wholesale & Specialty Insurance Association, said the organization has been doing a lot to promote the E&S segment in hopes of attracting talent “There is no doubt a...
People Moves: BHSI Launches in Italy, Names Country Leader, Key Team Members; QBE Iberia Names Díaz-Guardamino as Managing Director
Sep 23 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and QBE Iberia. A summary of these new hires follows here. BHSI Launches in Italy, Names Country Leader and...
