News

Approved – Mid-Year Worker’ Compensation Rate Cut

Mark your calendars, California employers are in line for a seventh straight cut in their workers’ comp rates. The Workers’ Compensation Insurance Rating Bureau’s governing committee (The Bureau is a private, but quasi-governmental organization financially supported exclusively by insurance carriers in whose interests it operates.) members approved a filing for a 7.2% rate cut for…

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California poised to pass state retirement savings law

California lawmakers are poised to vote any day on a bill that would greatly expand access to workplace retirement plans among small businesses, a measure that has drawn both praise for helping address a perceived savings shortfall and ire from groups who feel the state is taking the wrong approach. California’s Secure Choice program is…

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APPLIED UNDERWRITERS ISSUED CEASE AND DESIST ORDER

Major news has come out of California, where Applied Underwriters has been ordered to cease and desist in selling its EquityComp and some of its SolutionOne insurance products. This is the result of a more than year-long legal battle over Applied’s use of unfiled, unapproved side agreements that had been used to determine an employer’s…

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New Exemption Rules Finally Arrive: Employers Should Prepare For The Impact

The U.S Labor Department (USDOL) has finally released the anxiously awaited revised regulations affecting certain kinds of employees who may be treated as exempt from the federal Fair Labor Standards Act’s (FLSA) overtime and minimum-wage requirements. If you currently consider any of your employees to be exempt “white collar” employees, you might have to make…

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Limiting Employee Hours to Avoid ACA Could Violate ERISA, Court Rules

In a first-of-its-kind decision, a federal court recently upheld the right of employees to sure their employer for allegedly cutting employee hours to less than 30 hours per week to avoid offering health insurance under the Affordable Care Act (ACA). Specifically, the District Court for the Southern District of New York denied a defense Motion…

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