labor costs News

Feds Tell Banks to Be on Alert for Payroll, Work Comp Premium Fraud Schemes

A US Treasury Department unit that investigates financial crimes has directed banks to send alerts when they come across suspicious activity that indicates a business is using check cashing companies to avoid payroll taxes and reduce workers’ compensation premiums. Such …

Insurance Implications of Rising Building Costs

This post is part of a series sponsored by The Hanover Insurance Group. The rising cost of building materials is quickly outpacing inflation rates, and the high demand for qualified workers and widespread global supply chain pressure, are only adding …

Court Affirms Class Action Suit Against State Farm in Kentucky Claim Underpayment Case

A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty Insurance Co. that may force the insurer to correct underpayments paid to some 65,000 policyholders. A 6th Circuit Court of …