Agency Management

Walmart may be the most frequent defendant named in wage-and-hour lawsuits, but insurers and pharmaceutical companies are also caught up in a maze of rules they did not know applied to certain subsets of their workforce, experts said.

Fear of wage-and-hour claims is escalating among buyers and sellers of employment practices liability insurance, with sellers' fears limiting EPLI solutions for small employers--and resulting in none at all for the largest ones, market participants report.

If the U.S. Immigration and Customs Enforcement opened a costly investigation of your business and employment practices, would the legal costs be covered under your existing employment practices liability insurance policy?

Proposed legislation denying tax deductions for reinsurance premiums paid to offshore affiliates will likely pass through Congress, a Bermuda executive predicted recently, but he criticized the measure as a restriction of free trade.

Final action on the insurance section of financial services reform legislation has been delayed as conferees work through an impasse over a federal insurance office's scope of authority in international matters.

Agent associations joined the National Crop Insurance Services in criticizing the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.