Tag: unemployment insurance

Layoff insurance is thriving in the current economic situation in Alberta

Julie Campbell
layoff employment Insurance Industry - Alberta, Canada

Residents of the Canadian province are paying about $50 per month, per person, just in case. A new form of standalone layoff insurance is increasing in popularity in Alberta, Canada, and this is being seen as a fresh indicator that an economic downturn has made its way into the province. Thousands of layoffs have already occurred in the province, particularly within the energy industry. In response, an insurer is hoping to be able to profit and help people at the same time, providing them with both peace of mind and…

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State of the Union speech draws attention to wage insurance

Julie Campbell
unemployment wage insurance

President Obama brought up the topic of a long history of labor protection and the need for support for the unemployed. During the last State of the Union speech from President Barack Obama, he mentioned the topic of labor protection that has a lengthy history within the country and, within this subject, he brought up the concept of wage insurance. He underscored the importance of work done on the unemployment insurance and job-training programs currently available. Following the statement he made about the need for improvement in unemployment insurance and…

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State’s Unemployment Insurance Fund is falling behind on repaying federal debt

Logan B.
unemployment insurance

California still owes the federal government $8 billion on a loan California is falling behind on repaying a loan to the federal government. The state borrowed $10 billion from the federal government in order to ensure the recovery of its troubled Unemployment Insurance Fund. The fund exists as an insurance pool that is designed to cover the financial issues related to lack of employment. The economic recession that hit the country in 2008 and persisted through the following years placed the fund under a great deal of financial strain. Higher…

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Unemployment insurance program amps up fraud detection

Julie Campbell
unemployment wage insurance

The program will now be receiving assistance in being able to spot “suspicious patterns” among those claiming benefits. The struggling unemployment insurance program in California is now working with Pondera Solutions in order to be able to detect fraud more effectively and save the program – and tax payers – money. This new partnership is meant to help to boost the technology capabilities of the program. The unemployment insurance program in California is currently operating on an old computer system that was causing thousands of legitimate claims for benefits to…

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Unemployment insurance costs addressed in Massachusetts

Logan B.
Unemployment Insurance

New legislation focused on unemployment insurance costs passes in Massachusetts Massachusetts businesses are expected to save money on their unemployment insurance coverage thanks to new legislation that has been signed into law by Governor Deval Patrick. The legislation is a compromise between lawmakers that want to raise the state’s minimum wage and those that want to take action on unemployment throughout Massachusetts. The new law is expected to be well received among the state’s businesses, many of whom have been expressing concerns regarding the costs of unemployment coverage. Legislation aims…

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