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Industry Roundup for August 26, 2021: Preparing Work Comp for Future Pandemics; Business Travel During a Pandemic; Return-to-Work Plans

​Extreme Weather Buffets Catastrophe Insurance LossesGlobal catastrophe losses hit an estimated $42 billion in the first half of 2021, according to a new report from Swiss Re Institute. Natural catastrophe losses hit $40 billion in the first half, driven by a deep winter freeze, hailstorms and wildfires.​Today's Insurance Talent Want These 4 Employee BenefitsAs the COVID-19 pandemic carries on, American workers are caring a whole heck of a lot more about work-life balance, and an increasing number are switching jobs as a result. Amazon Loses Bid to Halt New York Warehouse COVID Safety ProbeU.S. District Judge Brian Cogan in Brooklyn rejected Amazon's claim that Attorney…

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Albany Update: Hochul Appoints Benjamin as LG, Big I NY and Small Biz Groups Urge Caution on Activating HERO Act

On Tuesday, Kathy Hochul was sworn in as the 57th Governor of New York, pledging civility and a departure from the tactics of the former administration. On Thursday, she appointed state senator Brian Benjamin (D, Harlem) to serve as her Lieutenant Governor, to be sworn in after Labor Day. Benjamin holds an MBA from Harvard Business school, and previously worked as an affordable housing developer and investment banker at Morgan Stanley. He was first elected to the State Senate in 2017, and ran unsuccessfully for New York City Comptroller in 2021. We look forward to working with Governor Hochul and Lieutenant Governor Benjamin to ensure a…

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Why Small Businesses Need Cyber Insurance

A guest post by Support New York Chair of the Board Member Cowbell Cyber​With cyberattacks, especially ransomware attacks, on the rise, cyber insurance has become more important in helping keep small businesses safe.It is estimated that 43% of cyber attacks are aimed at small businesses, but only 14% of small businesses are ready to defend themselves. Although 88% of small business owners felt their business was vulnerable to a cyberattack, many do not have the resources to protect their company.  Small businesses need to identify and understand common threats to their operations, assess their business' risk exposures, and prepare themselves before a cyber incident occurs. Cowbell's cyber…

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