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A Guide for New York Employers
Managing seasonal employees becomes crucial as businesses gear up for the busy summer season. From compliance with complex state and federal employment regulations to performance management, various aspects must be considered to ensure a productive and harmonious workplace throughout the summer months. Seasonal employees in New York are subject to the same regulations as other…
Elutia v. Medtronic: Delaware court rules on indemnity and insurance obligations in FiberCel lawsuit
The case, Elutia Inc. v. Medtronic Sofamor Danek USA, Inc., stems from a January 24, 2019, Tissue Product Supply Agreement. Under the contract, Elutia agreed to supply FiberCel, a bone matrix product, to Medtronic for distribution. In June 2021, a single lot of the product was recalled after allegations that it caused patients to contract…
Mercury Insurance unveils personal umbrella policy
For example, if someone with a homeowners policy liability limit of $300,000 is found responsible for $1 million in damages due to an accident on their property, their homeowners’ policy might cover part of the damages, but the remaining $700,000 could fall on the policyholder unless umbrella coverage is in place. Mercury’s umbrella insurance helps…
Three insurers spent more on brokers than they earned in premiums
Security Group Coming in second, Security Group spent $212,498 on commission and brokerage expenses in 2024, well in the range of the $311,904 it earned in premiums. This translates to a ratio of 68%, the highest the firm has recorded in five years. Source link
Insurance group warns Colorado home insurance bill still needs work
“We want to make sure that if you’re putting on that new roof, and if you’re doing wildfire mitigation, that it is meaningful mitigation that meets the science-based standards,” Walker said, referring to guidelines from the Insurance Institute for Business & Home Safety. Source link
Slide Insurance files for IPO
Slide was established in 2021 by Bruce and Shannon Lucas, a husband-and-wife team with extensive experience in the insurance sector. Bruce Lucas, who previously founded and led Heritage Insurance Holdings Inc., serves as Slide’s chief executive. Shannon Lucas, formerly CEO of risk consulting firm Securus Risk Management LLC, holds the roles of chief operating officer…