New Regulations Aimed at ‘Fixing’ California’s Property Insurance Market Crisis

Posted on: April 2nd, 2024 by Leaders' Choice Staff No Comments

With the California commercial property and homeowner’s insurance markets increasingly stressed with fewer and fewer insurers willing to write policies in the Golden State, the insurance commissioner has floated a plan aimed at easing the crisis. The main thrust of the new proposal is to make it easier for insurers to get their rate-hike requests […]

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Deepfake Technology Used to Fool Employees into Transferring Funds to Criminals

Posted on: March 26th, 2024 by Leaders' Choice Staff No Comments

The newest cyber and financial fraud threat facing businesses is deepfake technology, which criminals are using to extract money from unsuspecting accounts payable personnel. A finance worker at a multinational company in Hong Kong was duped into transferring $25 million to criminals who had used deepfake technology to pose as the business’s chief financial officer […]

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Is Your Business Doing Enough to Prevent Workplace Violence?

Posted on: March 19th, 2024 by Leaders' Choice Staff No Comments

Violence in the workplace is a growing problem for which many U.S. employers are unprepared. Business owners may believe that their workforces are like families and that a violent outburst could never happen at work. They may also think that they have adequate security in place to stop an outsider from launching an attack or […]

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Opioid Overdose Meds May Be Coming to Your First Aid Kit

Posted on: March 12th, 2024 by Leaders' Choice Staff No Comments

Efforts are afoot to create new laws and regulations that would require California employers to include the opioid overdose medication Narcan in their first aid kits. The National Safety Council (NSC) recently asked the Cal/OSHA Standards Board to create new regulations requiring construction sites and general industry workplaces to stock medications that can reverse opioid […]

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Changes Coming to Electronics, Dual-Wage Class Codes

Posted on: March 7th, 2024 by Leaders' Choice Staff No Comments

The Workers’ Compensation Insurance Rating Bureau of California will recommend changes to class codes for some electronics manufacturing sectors, as well as increases to the wage thresholds for construction industry dual classifications. The move comes after the Rating Bureau’s governing committee unanimously approved proposed changes, which will be sent in March to the state insurance […]

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Vacant Office Buildings May Have Insurance Problems

Posted on: February 27th, 2024 by Leaders' Choice Staff No Comments

The trend toward employees working remotely that began during the COVID-19 pandemic has proven popular, and many employers have been able to shrink their office costs by leasing smaller spaces. However, these changes have resulted in increased commercial building vacancy rates, and that can leave their owners with insurance problems. The National Association of Realtors […]

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DOL Issues Final Independent Contractor Rule

Posted on: February 13th, 2024 by Leaders' Choice Staff No Comments

The U.S. Department of Labor in January 2024 finalized a new federal rule that will make it more difficult for employers to classify workers as independent contractors. The final rule formally rescinds the independent contractor rule issued by the DOL a few years ago and provides a different interpretation of how the key test of […]

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New OSHA Electronic Reporting Rule Takes Effect

Posted on: February 6th, 2024 by Leaders' Choice Staff No Comments

A new rule by the Department of Labor requires firms with 100 or more employees in certain industries to electronically submit their OSHA Form 300 and 301 logs, starting in 2024. These are in addition to submission of Form 300A-Summary of Work-Related Injuries and Illnesses. The new rule applies to businesses in 104 high-hazard industries […]

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It’s Time to Post Your OSHA Form 300A

Posted on: January 30th, 2024 by Leaders' Choice Staff No Comments

Employers with 10 or more employees must post their completed OSHA Form 300A by Feb. 1 and keep it posted in their workplace until April 30. The form must be posted where the company usually posts other employee notices, like minimum wage and workplace safety notices. Form 300A summarizes the total number of fatalities, missed […]

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