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Chipotle to Pay $20 Million to Workers for Unpaid Sick Leave, Scheduling Violations
Insurance Journal | August 10, 2022
Chipotle to Pay $20 Million to Workers for Unpaid Sick Leave, Scheduling Violations
Chipotle Mexican Grill Inc. agreed to pay $20 million to an estimated 13,000 current and former employees of its restaurants in New York City to settle a claim that the chain repeatedly violated laws governing sick leave and scheduling. The …
NCCI Releases Q2 Economics Briefing
Insurance Journal | August 10, 2022
NCCI Releases Q2 Economics Briefing
Jobs are up, wages are up, inflation is up, and recession is unlikely in the short term. National Council on Compensation Insurance’s (NCCI) newly released Quarterly Economics Briefing – Q2 2022 examines these factors and their potential impact on workers …
AM Best Upgrades Ratings of Synergy Comp Insurance
Insurance Journal | August 10, 2022
AM Best Upgrades Ratings of Synergy Comp Insurance
AM Best has upgraded the ratings of workers’ compensation insurer Synergy Comp Insurance Co. based in Sharon Pennsylvania. The rating organization upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” …
Amazon Warehouse Walkouts Over Pay Seen Spreading Across UK
Insurance Journal | August 10, 2022
Amazon Warehouse Walkouts Over Pay Seen Spreading Across UK
Hundreds of Amazon.com Inc.’s UK workers are planning walkouts in the coming days after logistics workers clashed with managers over pay. A series of walkouts and slowdown protests at at least seven facilities in Essex, Coventry, Bristol, Swindon, Chesterfield, Warrington …
IMA Group Acquires Mollie Kallen Case Management
Insurance Journal | August 10, 2022
IMA Group Acquires Mollie Kallen Case Management
The IMA Group, a provider of independent medical examinations and case management in workers’ compensation, continues to expand with its acquisition of Florida-based Mollie Kallen Case Management. The terms of the deal were not disclosed. IMA, headquartered in Tarrytown, New …
California’s Largest Wildfire Now 60% Contained
Insurance Journal | August 10, 2022
California’s Largest Wildfire Now 60% Contained
California’s largest wildfire so far this year has so far burned more than 60,000 acres, but it is now 60% contained. The McKinney Fire broke out on July 29 in an unpopulated area in Klamath National Forest. The fire has …
New York Court Nixes Injury Claim by Worker Who Fell Off Bucket
Insurance Journal | August 10, 2022
New York Court Nixes Injury Claim by Worker Who Fell Off Bucket
A laborer who fell and was injured after he stood on an inverted bucket to reach a cable has nobody to blame but himself under New York law. The worker, Angel Morales, did not need to use a bucket, ladder …
FDA Says Possible Carcinogen Found in Some Merck Diabetes Drugs
Insurance Journal | August 10, 2022
FDA Says Possible Carcinogen Found in Some Merck Diabetes Drugs
The U.S. Food and Drug Administration said on Tuesday certain samples of sitagliptin, a compound in Merck’s diabetes drugs Januvia and Janumet, were contaminated with a possible carcinogen. The agency said it would temporarily allow Merck to distribute drugs with …
ESG’s ‘Social License’ Will Endure Even If the Letters Don’t
Insurance Journal | August 10, 2022
ESG’s ‘Social License’ Will Endure Even If the Letters Don’t
It’s been a bumpy stretch for adherents of investment strategies based on environmental, social and governance data. Much has been written about how Vladimir Putin’s February invasion of Ukraine raised geopolitical questions about why ESG-focused funds were even invested in …
Admiral Sees Cost of Motor Claims Running High in Britain and U.S.
Insurance Journal | August 10, 2022
Admiral Sees Cost of Motor Claims Running High in Britain and U.S.
The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said on Wednesday, after the company posted a 48% fall in pretax profit due to a “more turbulent cycle.” Motor insurers …