Monthly Archives: <span>September 2020</span>

Amazon’s Worker Surveillance for Productivity, Safety May Also Curb Unions

Amazon.com relies on extensive worker surveillance to boost employee output and potentially limit unionization efforts around the United States, says a research paper issued on Monday by the Open Markets Institute. The Washington-based research and advocacy group, focused on antitrust …

QBE CEO Regan Exits After Investigation Into Female Employee’s Complaint

QBE Insurance Group’s Chief Executive Officer Pat Regan is departing the insurer after an external investigation found his workplace communications did not meet the standards set out in the group’s code of ethics and conduct. The investigation was conducted following …

Carrie B. Mudd Joins Breckenridge Insurance Services to Grow Transportation Business

Atlanta, GA, September 1, 2020 — Breckenridge Insurance Services is pleased to welcome Carrie B. Mudd to the wholesale brokerage and binding firm. Mudd joins the organization as a vice president, underwriter with over 17 years of insurance and transportation …

University of Alabama COVID Cases Top 1K in First 2 Weeks of School

The University of Alabama reported Friday that an additional 481 students have tested positive for COVID-19, bringing the total to more than 1,000 infections since students returned to campus for the fall. The University of Alabama System released new numbers …

Florida Borrows $2.25B for Hurricane Fund While Rates Are Low

With hurricane season barreling down on Florida, the state is seizing on low interest rates to borrow $2.25 billion for its catastrophe insurance fund. The State Board of Administration Finance Corp. is joining state and local governments that have rushed …

Brazilian Reinsurer IRB Still Faces Liquidty Gap, Says CEO

Brazil’s largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity issues, but has not yet fully met regulatory requirements, its interim chief executive said on Monday. Antônio Cássio dos Santos …

California Launches Remote Insurance Licensing Exams

The California Department of Insurance has launched remote testing for license examinations, designed to provide more flexibility and opportunities to thousands of insurance license candidates in light of existing COVID-19 social distancing requirements and local public health orders. The CDI …

North Korean Hackers Targeting Banks Around the Globe

North Korean hackers are tapping into banks around the globe to make fraudulent money transfers and cause ATMs to spit out cash, the U.S. government warned on Wednesday. A technical cybersecurity alert jointly written by four different federal agencies, including …

China Reinsurance Group’s Premiums Rise 20% in First Half

In the first half of 2020, China Re Group Corp. enjoyed rapid growth in premiums and steady profitability despite the pandemic. In the first half of 2020, gross written premiums increased 20.5% year-on-year to RMB102.1 billion. Gross written premiums by …

Employers Must Pay Employees for All Hours Worked, Including Work at Home

The U.S. Labor Department is reminding employers that they must make a reasonable effort to keep track of all hours worked by non-exempt employees — even those working varied hours from home due to the COVID-19 pandemic. The department’s Wage …