By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-I’s latest Issues Brief. It was the ninth year in a row of net underwriting profit following eight years of net underwriting … Read more
A 48-year-old woman from Arizona has pleaded guilty to charges related to a criminal scheme which saw North Korean IT workers employed remotely by hundreds of US companies. Christian Marie Chapman, of Litchfield Park, Arizona, is said to have helped generate over US $17 million for North Korea after over 300 US companies unwittingly hired … Read more
The Washington Supreme Court recently ruled that employees’ duty of loyalty and any exceptions to worker mobility should be narrowly construed, so employers cannot restrict low wage workers from working a second job (even for a competitor) unless those restrictions are reasonable in light of the facts. … Read more
Everyday workers are now being pitched to turn against their employers and join ransomware attacks. Researchers with security vendor GroupSense report that, as an addendum to their normal ransomware notifications, malware operators are now pitching victims on the prospect of infecting additional machines on their company network. The offer comes as part of the notification … Read more
Eve Hill was quoted as a legal authority in a Law360 story about a U.S. Department of Labor proposal to eliminate the subminimum wage for workers with disabilities. The future of the Fair Labor Standards Act’s Section 14(c) is uncertain, as Republicans remain divided on the issue. If the proposal were to pass, it would … Read more
