Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
New Jersey Workers’ Compensation Rates to Drop 6.1% for 2023
Nov 9 2022 // New Jersey workers’ compensation and employer liability insurance rates will be cut an average 6.1% beginning January 1, 2023. The reduction is more than the 4.7% decrease that industry’s rating bureau had...
Massachusetts AG Finds More Drug Overcharges in Workers’ Compensation
Nov 8 2022 // Pharmacy benefits manager Express Scripts, Inc. has agreed to pay $3.2 million after allegedly failing to follow prescription pricing procedures intended to keep costs down and prevent overcharges in the state’s...
9 Talent Acquisition Goals for Insurance Organizations in 2023
Nov 7 2022 // Sourcing is the number one problem most insurance organizations tell me they have with recruiting. While finding candidates is important, that’s like saying your company’s revenue will grow if you get more...
Wells Fargo Says SEC Is Examining its Hiring Practices
Nov 1 2022 // Wells Fargo & Co said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices, after the Department of Justice had opened a related probe. In its quarterly report filed...
New York’s Workers’ Compensation Fund Now Covers Out-Of-State Workers
Oct 31 2022 // The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, announced that it will extend coverage to out-of-state employees for the first time. Under the initiative, any New...
Connecticut Approves 3% Cut in Workers’ Compensation Costs for 2023
Oct 24 2022 // Connecticut businesses will see another rate decrease in workers’ compensation insurance beginning on January 1, 2023. The Connecticut Insurance Department has officially approved an average decrease of 3% to...
Study Traces COVID-19 Impact on New York Workers’ Compensation Claims
Oct 21 2022 // During the height of the pandemic, New York workers’ compensation indemnity payments increased while medical payments decreased. That’s according to a new report from the Workers Compensation Research Institute...
Delaware Workers’ Compensation Rates to Drop by Double Digits: Navarro
Oct 18 2022 // Delaware workers’ compensation insurance rates will decrease for the sixth year in a row, effective December 1, 2022. Both the voluntary market and the residual market will see rate decreases in the double...
Identifying the Right Talent for Your Insurtech
Oct 17 2022 // Insurtechs are continuing to disrupt the insurance industry, while pushing traditional insurers to focus on modernization initiatives and how they can best leverage the capabilities of data and analytics. While global...
Ariel Re Obtains Approval to Launch Managing Agent at Lloyd’s
Oct 5 2022 // Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a managing agent at Lloyd’s of London. The new managing agency, Ariel Re Managing Agency (ARMA),...
Workers’ Compensation Premiums Increase 10% for First Six Months of 2022
Oct 3 2022 // A comparison of workers’ compensation direct premium written indicated an overall increase of approximately 10.1% for the first six months of 2022 compared to the first six months of 2021. Twenty of the Top 25...
Is Our Company at a Recruiting Disadvantage?
Oct 3 2022 // The talent war is volatile. In response, you may have noticed how many “first time” situations in 2022 you went through to hire someone. The first time hiring 100% remote. The first time paying an account...
How Charitable Giving Can Solve the Industry’s Talent Problem
Oct 3 2022 // For years, the insurance industry has battled a looming talent crisis, and the threat of that crisis is becoming more urgent. According to the U.S. Bureau of Labor Statistics, more than 50% of insurance workers will retire...
Connecticut Workers’ Compensation Costs to Fall in 2023
Sep 30 2022 // Connecticut workers’ compensation costs to employers are on their way down, again. The industry’s National Council on Compensation Insurance’s (NCCI) has proposed an overall average change of -3.0% to the...
New York Bus Driver Pleads Guilty to $30K Workers’ Compensation Fraud
Sep 28 2022 // A New York bus driver faces sentencing for fraudulently collecting more than $30,000 in workers’ compensation wage indemnity benefits by falsely claiming that she was unable to work as a result of a disability,...
Proposed Australian Law Would Make It Employers’ Job to Stop Sexual Harassment
Sep 27 2022 // New legislation introduced into Australia’s Parliament will place a “positive duty” on employers to prevent workplace sexual harassment, as part of sweeping changes to improve worker safety. Under the...
People Moves: Maxwell Managing Director at Markel Specialty; Bouvier Hired as Compre Claims Director; Sensa Taps Brown as COO
Sep 22 2022 // Markel Promotes Maxwell to Managing Director, Commercial Excess Wholesale Markel Corporation has appointed Sarah Maxwell managing director, commercial excess wholesale, for the Markel Specialty division. Maxwell joined...
Dale Partners Ltd. Gets Regulatory Nod to Launch Lloyd’s Managing Agency
Sep 22 2022 // Dale Partners Ltd. (DPL) announced it has received approval from the UK Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and Lloyd’s to launch its managing agency, Dale Managing Agency...
People Moves: Epic Insurance Names Rains Managing Principal in Tennessee
Sep 21 2022 // EPIC Insurance Brokers, a property and casualty insurance brokerage and employee benefits consultant, announced that is has named Parker Rains as managing principal for its property/casualty practice. Rains Rains, based in...
Delaware Law Cut Workers’ Compensation Medical Claim Costs by 33%: WCRI
Sep 16 2022 // A Delaware workers’ compensation law passed in 2014 has succeeded in lowering workers’ compensation medical claim costs, new research shows. The report from the Workers Compensation Research Institute (WCRI)...
