PCI Urges Changed OT Rules For Adjusters
By Steven Brostoff, Washington Editor
NU Online News Service, Jan. 22, 11:26 a.m. EST, Washington?The Property Casualty Insurers Association of America is urging the Labor Department to push forward with regulations on overtime pay for white-collar workers that would eliminate adjuster overtime.[@@]
"Current regulations are vague, confusing and severely outdated, and it is critical that DOL be allowed to move forward with the process to modernize the rules," said Carl Parks, senior vice president of federal government relations with the Des Plaines, Ill.-based PCI.
The issue for PCI involves claims adjusters. Under proposed rules published by DOL last year, claims adjusters would be more clearly defined in a way that makes them exempt from the overtime rule.
PCI supports an overtime exemption for claims adjusters. PCI is the organization formed by the merger of the Alliance of American Insurers and National Association of Independent Insurers.
In Jan. 21 testimony before a Senate Appropriations subcommittee, Labor Secretary Elaine L. Chao said DOL's proposed new rules will strengthen overtime protections for millions of low-wage and middle-income workers.
She promised that DOL will vigorously enforce the law to "prevent unscrupulous employers from playing games with workers' overtime pay."
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