Teens working at Sky Zone trampoline park in Vancouver, Washington, did not receive meal breaks, and worked more hours than the law allows during school times, an investigation by the Washington State Department of Labor & Industries shows. L&I said …
The Iowa Insurance Division announced it entered a settlement in principle with a group of affiliated companies commonly known as Abra. The settlement addresses Abra’s alleged offer and sale of interest-bearing cryptocurrency depository products referred to as Abra Boost and …
The food services industry is anticipating record sales for 2024. But insurance specialists serving the restaurant and bar sector say that forecast isn’t all good news. With higher sales come higher costs all around. Restaurants are being squeezed from all …
When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000 policies. Then came reinsurance …
The insurance industry has been on a transformative journey, adapting to the evolving needs of the market and advancing technologies that drive business, commerce and everyday life. However, according to the Department of Health and Human Services, 10,000 people turn …
Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a U.S. real estate and …
For the last decade and a half, business leaders have struggled to comprehend, motivate and manage the millennial generation. Recently, I read an online article where business owners discussed the “new” generation of workers and it was both amusing and …
Over the next 15 years, 50% of the current insurance workforce will retire. It’s a jarring number. This leaves more than 400,000 open positions unfilled, according to the U.S. Chamber of Commerce. At the same time, the industry is experiencing …
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a relatively stable economic environment in 2023, a long run of …
Maintaining a progressive approach to marketing is crucial for an insurance business to succeed. Innovative tools, software and platforms have transformed the way modern insurance professionals connect with their audience, streamline operations and enhance customer engagement. Let’s explore the latest …
