Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
Court Nixes Workers’ Compensation for ‘Light Beer’ Drinking UPS Driver
Dec 11 2024 // A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week...
New York Expands Workers’ Compensation For Mental Health to All Workers
Dec 9 2024 // New York Governor Kathy Hochul has signed legislation to expand workers’ compensation benefits to people who are facing job-related mental health crises. The new law, which goes into effect January 1, 2025, allows...
JPMorgan Bolsters Florida Bet With 300 New Jobs in Orlando
Dec 4 2024 // JPMorgan Chase & Co. plans to hire 300 people in the Orlando area over the next two years, part of the largest US bank’s expansion in the South. The firm will renovate its 250,000-square-foot...
Talent, Again
Dec 2 2024 // It’s no surprise to independent agencies that talent, quality talent, is hard to find. Employers of every size and industry — across nearly every state — say they are facing unprecedented challenges...
Patronis to Leave Florida CFO Job to Run for Gaetz’ Seat in Congress
Nov 27 2024 // Florida’s chief financial officer, Jimmy Patronis, whose office oversees insurance agent and adjuster licensing, along with insurance fraud investigations, plans to step down and run for Congress next year. News...
People Moves: HUB Int’l Names Dutton President of HUB Canada West; Von Mesterhazy Appointed Managing Director of Allianz UK Specialty, as O’Keeffe Retires
Nov 26 2024 // This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Dutton President of HUB Canada West HUB...
Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025
Nov 21 2024 // The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The...
Texas Medical Center Settles Racial Hiring Discrimination Case
Nov 19 2024 // The U.S. Department of Labor and the University of Texas Southwestern Medical Center have entered into a conciliation agreement in which the federal contractor will pay $900,000 in back wages and interest to resolve...
AM Best Assigns Ratings to New York Healthcare Workers’ Compensation Carrier
Nov 19 2024 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned...
Facebook Users Affected by Data Breach Eligible for Compensation: German Court
Nov 19 2024 // A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation. The Federal Court of Justice (BGH) ruled that the loss of control over one’s data...
Florida OIR Approves 1% Average Workers’ Compensation Rate Decrease
Nov 19 2024 // Florida employers will soon see the smallest decrease in workers’ compensation rates in years – just a 1% reduction from current overall rates in the voluntary market. The Florida Office of Insurance Regulation...
Missteps and Mistakes: 5 of the Scariest Moments of My Insurance Career
Nov 18 2024 // I remember 1994 when I was running for the United States Senate. My campaign consultants thought I should publish my tax returns and challenge my opponent to do the same. He had a very checkered business career. I was...
Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%
Nov 18 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...
UK Motor Insurer Direct Line to Cut 550 Jobs in Turnaround Bid
Nov 12 2024 // Direct Line Insurance Group Plc, the UK insurer that rejected a takeover attempt by Belgian rival Ageas SA earlier this year, is set to cut about 550 jobs as part of a turnaround plan aimed at saving £50 million ($64...
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...
