Monthly Archives: <span>June 2018</span>

Massachusetts Raises Minimum Wage, Creates New Paid Leave Program

Massachusetts Governor Charlie Baker has signed into law an act that will mandate an annual August sales tax holiday, increase minimum wage over the next five years and create a new paid family and medical leave program in Massachusetts. The …

Senate Passes Farm, Crop Insurance Bill with Flood Insurance Extension

The U.S. Senate passed (86-11) a Farm Bill that continues subsidies for farmers along with the federal crop insurance and food stamp programs for five years. The $867 billion Senate bill also contains an amendment to prevent the National Flood …

Erie’s Banocy Joins Great American Insurance as Innovation Strategy VP

Great American Insurance Group has hired Christopher M. Banocy as divisional vice president for Innovation Strategy within its Property & Casualty Group. In this role, Banocy will provide leadership, strategy, and direction surrounding the company’s innovation efforts. He joins Great …

How Workers’ Compensation Outpatient Costs Compare Across States by Fee Regulation

Hospital outpatient payments were higher and growing faster in states with percent-of-charge-based fee regulations or no fee schedules, finds a study from the Workers Compensation Research Institute (WCRI) that compares 35 states. States with percent-of-charge-based fee regulations had substantially higher …

FERMA, Latin American Risk Mgmt. Group ALARYS Partner to Offer Rimap Certification

The Federation of European Risk Management Associations (FERMA) and Latin American risk management association ALARYS signed a memorandum of understanding to jointly promote the FERMA rimapยฎ risk management certification program. The agreement allows ALARYS to offer the FERMA certification to …

Employees Find Vacation Benefits Short-Lived, Don’t Offset Stressful Work Culture

Taking time off helps the majority of U.S. workers recover from stress and experience positive effects that improve their well-being and job performance, but for nearly two-thirds of working adults, the benefits of time away dissipate within a few days, …

More Employers Offering Paid Parental Leave Benefit

More than one in three U.S. employers offers paid maternity leave beyond the amount required by law, up from one in six earlier this decade, according to new data from the Society for Human Resource Management. All 20 of the …

Chubb Overseas General Promotes Hardy to Executive VP, Global Energy

Chubb has appointed Matthew Hardy as executive vice president, Global Energy, Chubb Overseas General. The appointment is effective July 1 and Hardy will report to Timothy O’Donnell, the newly appointed division president, Commercial Property & Casualty, Chubb Overseas General. Hardy …

Hanover Stone Solutions Appoints Morrissey, Dubois as Senior Advisors in NYC

Hanover Stone Solutions, an advisory firm providing risk consulting services to U.S. property and casualty and life insurance companies, has appointed Joanne Morrissey and Gary Dubois as senior advisors based in New York City. The executives will have roles in …

Connecticut College Savings Plan Accounts Breached, $1.4M Taken

State Treasurer Denise Nappier announced Wednesday that 21 Connecticut Higher Education Trust college savings accounts were recently breached, resulting in more than $1.4 million in unauthorized withdrawals. Nappier said her office was advised of the breach by TIAA-CREF Tuition Financing …