Allstate uses wellness programs for effective talent retention

Wellness Programs - People Working out at gym

The insurance company’s efforts are working in the United States and Canada. Allstate has come across an effective way to promote improved talent retention through the use of wellness programs for its team members. Companies are coming to discover that employees like working for businesses that take care of them. According to an RBC Insurance survey conducted last year in Canada, 80 percent of workers felt their overall wellbeing would be better than it currently was if their employer would offer certain benefits. More specifically, they felt that personalized wellness…

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Citibank hit with $18 million flood insurance penalty

Flood insurance penalty - Citibank building

A U.S. banking regulator requires the bank to pay the fine for failure to comply with coverage requirements. The Office of the Comptroller of the Currency announced this week that it was issuing a flood insurance penalty to Citibank. The bank was reprimanded for having failed to comply with mandatory flooding coverage regulations. The fine is reported to be $18 million as a result of mandatory flood coverage purchase delays. The U.S. banking regulator hit Citibank with the flood insurance penalty in response to mandatory coverage purchasing for properties where…

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App developer business insurance steps beyond general coverage

App Developer Business Insurance - Computer IT

IT application developers are at risk of several forms of liability and should be properly covered. Whether you are a one person operation or you have grown to employ several teams, app developer business insurance has various vital layers of coverage for your company. Your operations expose you to a number of liabilities that could be financially catastrophic. By purchasing the right app developer business insurance, you make certain that if the unexpected happens, it won’t place your company at risk of ending. As you grow, it is important to…

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Clothing alteration business insurance for repairs and tailoring companies

Clothing Alteration Business Insurance - Business Suit

These businesses have a very unique position in today’s society, often improving expensive garments. Clothing alteration business insurance is an important and yet often overlooked component of operating this type of company. Today’s consumer depends on tailors and alterations experts to ensure their garments fit perfectly. Your customers have unique and specific tastes and expect your services to produce results that meet or exceed their expectations. They want you to repair damage to articles of clothing they love and want to wear again or that have sentimental value. They also…

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Affordable Care Act health insurance mandate struck down in federal appeals court

Health Insurance Mandate - Court building - law

Judges have sent back the case to decide if other components of Obamacare can remain without it. Last week, a federal appeals court struck down the health insurance mandate component of the Affordable Care Act. This ruling involved the portion of Obamacare that made it a requirement for Americans to purchase coverage, calling it unconstitutional. That said, the remainder of the ACA has not been invalidated, but has instead been sent back. The appeals panel did not rule on the remainder of the Affordable Care Act beyond the health insurance…

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$500,000 care insurance fraud ring suspects arrested in California

Car Insurance Fraud Ring - damaged car

Four suspects have been arrested in this case for reportedly scamming insurers out of half a million dollars. Investigators in California have arrested four suspects for their alleged involvement in a car insurance fraud ring. Their alleged activities cost scammed insurers $500,000 until they were found out by the California Department of Insurance, San Diego County District Attorney’s Office, and the California Highway Patrol. The four arrests were made earlier this month following a substantial investigation into the scam. According to reports, the car insurance fraud ring involved dealers buying…

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Green Vault discovers it is uninsured after $1 Billion museum theft

museum theft - jewels, vintage jewelry, silver, gold

The priceless, irreplaceable jewels stolen from the German museum were not covered by insurance. The day following a priceless jewelry and artifact museum theft in Germany, an unfortunate discovery was made. The items estimated to be worth over $1 billion are not covered by an insurance policy. This has added to the pressure on police to identify and locate the culprits in order to return the items. Last week’s museum theft made international headlines. The missing items include a pearl necklace, a diamond-encrusted dagger as well as dozens of other…

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