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May 05
Industry Roundup: ​Help Wanted as New York City Implements Law Requiring Salary Ranges in Job Ads; Live Event Insurance Changes Call on Agents to Review Coverages; The Average Length of Time for Collision-Related Rentals Grows

​​Connecticut Legislators Pass Consumer Data Privacy 'Bill of Rights'

Consumers in Connecticut will be able to know when their personal information is being tracked and how it's being used under a wide-ranging data privacy bill that's headed to Gov. Ned Lamont's desk.

 

Help Wanted as New York City Implements Law Requiring Salary Ranges in Job Ads

Just four months ago, city lawmakers voted to require many ads for jobs in the nation's most populous city to include salary ranges, but lawmakers will likely vote to postpone it for five months after employers waved red flags.

 

Live Event Insurance Changes Call on Agents to Review Coverages

Carriers are introducing new targeted exclusions and restructuring existing policies to reflect updated risk calculations, agents must stay up-to-date on carrier coverage updates.

 

The Average Length of Time for Collision-Related Rentals Grows

The average length of time consumers needed to use a rental car following an auto accident increased by nearly five days compared with the year prior, according to car rental company Enterprise Holding, Inc., which reported the average rental period was 18.2 days during 2022's first quarter.

 

More than One-Third of Workplace Injuries Occur During the First Year on the Job

Travelers released its 2022 Injury Impact Report that analyzed more than 1.5 million workers compensation claims over a five-year period (2015-2019) and revealed that 35% of injuries occur during employees' first year on the job, regardless of age or industry experience.

 

Many New Hires Unhappy with Onboarding Experience

Recent new hires indicate that their onboarding did not adequately cover many of the basics that employees need to be successful, including understanding relationship building (71%), organizational culture (62%), technology (54%) and their benefits (46%).

 

Raising Awareness of Fall Hazards in Construction

OSHA developed the program in conjuncture with the National Institute for Occupational Safety and Health (NIOSH), National Occupational Research Agenda (NORA), National Safety Council (NSC), National Construction Safety Executives (NCSE) and The Center for Construction Research and Training (CPWR) to help train millions of workers on fall prevention safety methods.

 

Aon and Paypal to Expand Access to Insurance for Small Businesses

Aon plc and PayPal Holdings, Inc. today announced an initiative to help millions of PayPal's small business customers in the U.S. access insurance simply and quickly.

 

Worker Pay and Benefits Grow at Record Pace, Pressuring Inflation

Compensation for American workers increased rapidly in the first quarter, as a tight labor market put more money in workers' pockets while keeping inflation under control.

 

Survey Reveals Insights into Small Business Owners' Insurance-Buying Habits, Evolving Risk Exposures

The Hanover Insurance Group, Inc. released its 2022 Small Business Risk Report, which looked at the key business risks, purchasing decisions, and communication and insurance management preferences for small business owners.

 

Allstate to Increase Magnitude of Auto Rate Hikes in 2022

Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity. ​


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