Surviving The Great Resignation

​By Susan Palé, CCP, Vice President for Compensation – Affinity HR Group, Inc.You're probably sick of hearing about The Great Resignation but listen up! Not only isn't it going away, it is gaining momentum. Consider the following statistics from the US Department of Labor:3% of the total US workforce left their jobs in September. That is an astonishingly high number.As of November 5, there were 11.2 million job openings in the US. That is also a record.Education and health services lost more than 50,000 workers in September. Remember that these are essential workers.300,000 women left the workforce in September.These are jaw-dropping statistics. For employers who…

Continue ReadingSurviving The Great Resignation

Industry Roundup: Most Common Pet Insurance Claims of 2021; How to Win the War for Talent Amidst the ‘Great Resignation’; Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty

​Homeowner with 'Indestructible Mailbox' Not Liable for Accident InjuriesIn a split decision, the Ohio Supreme Court majority ruled that a rural homeowner, who constructed a “mini fortress" to protect his mailbox, is not liable for a motorist's debilitating injuries after his vehicle struck the mailbox.The Most Common Pet Insurance Claims of 2021During the past five years, the average annual growth rate for pet insurance was 23.4%, according to the 2021 State of the Industry by the North American Pet Health Insurance Association (NAPHIA). At the end of 2020, more than 3 million pets were insured in North America.How to Win the War for Talent Amidst…

Continue ReadingIndustry Roundup: Most Common Pet Insurance Claims of 2021; How to Win the War for Talent Amidst the ‘Great Resignation’; Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty

DFS: Implement Multi-Factor Authentication Even If Not Required

​The New York State Department of Financial Services (DFS) is urging the entities it regulates to implement multi-factor authentication (MFA) in their cybersecurity programs, regardless of their size. The statement came in an industry letter​ posted to the department's website on Dec. 7. If your agency is not already using MFA, you may want to consider implementing it soon.While stopping short of amending the Cybersecurity Requirements For Financial Services Companies regulation to require all entities it regulates to implement MFA, the letter declared, "Effective implementation of the Regulation's MFA requirement is one of the most potent ways to reduce cyber risk."MFA is "an authentication method that requires…

Continue ReadingDFS: Implement Multi-Factor Authentication Even If Not Required