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Skyrocketing claims costs and higher accident rates are pressuring the commercial auto insurance market, as insurers impose increasingly larger rate hikes and more are pulling out of the market or restricting who they will cover. While rate increases have been the standard for nearly a decade, since 2022 hikes are growing larger — often in
After two years of massive rate increases, cyber insurance market pricing has been softening and transitioning into a buyers’ market, according to a new report by Aon Plc. In 2021 and 2022, 100% rate increases for cyber liability insurers were common, but a number of factors are finally starting to drive rates lower. Experts recommend
Question: It seems like we’ve had many candidates ghosting us recently. Is there anything we can do to prevent this? Answer:Nothing you do will prevent ghosting altogether, but there are steps you can take to keep candidates engaged and discourage them from just disappearing on you: Start with a clear, descriptive job posting so they understand
May 17, 2023 – Semper Workforce Solutions has released the results of the 2023 first quarter survey of the printing and packaging industries. The survey results reflect a marked slowdown and increased concern for new sales. The start of the banking crisis and the steady increase of interest rates is causing industry economic pain. Dave
Under new U.S. Treasury Department rules, businesses with fewer than 20 employees and less than $5 million in annual revenue will have to start reporting ownership and control information to the federal government every year. The requirement, issued under the Corporate Transparency Act (CTA), is expected to affect 32 million small businesses across the country.
Most health insurers plan to continue offering free preventative care services despite a federal judge having imposed a nationwide injunction on an Affordable Care Act requirement that these services are covered with no out-of-pocket costs on the part of patients, according to a letter by industry trade groups. With concern growing that this important part
Thanks to the supply-chain disruptions in the past few years, many companies quickly learned the need for planning ahead and having contingency plans in place if a key parts, merchandise, or other inputs fail to show up at your doorstep. However, many companies also face internal supply chain risks, and one of the biggest ones
The Equal Employment Opportunity Commission has issued new guidance on how employers can properly use software, algorithms and artificial intelligence-driven decision-making tools when screening job applicants and selecting candidates. The EEOC has grown concerned about possible adverse impacts of these technologies that can help employers with a wide range of employment matters, like hiring decisions,
Employees who have been on the job for less than a year account for one-third of workers’ compensation claims, according to a new report. Injuries suffered by new workers in their first year on the job account for nearly 7 million missed workdays a year due to injury, according to the “2023 Injury Impact Report”
The Americans with Disabilities Act, now more than 30 years old, requires employers to make reasonable accommodations for employees with disabilities. Many employers may be concerned about the cost of making those accommodations. However, a recent government study shows that the costs are typically minimal or non-existent. The report, from an office of the U.S.
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