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News
One in three employer compensation dollars now goes to benefits
4+ day, 1+ hour ago (295+ words) Benefits now account for exactly 30 percent of what private-sector employers pay per hour worked - $14.07 of a $46.89 total, according to the Bureau of Labor Statistics' Employer Costs for Employee Compensation (ECEC) report for June. Wages made up the remaining 70 percent, at…...
IUMI warns of hidden cargo insurance costs
5+ day, 3+ hour ago (394+ words) The International Union of Marine Insurance (IUMI) has published new guidance highlighting an often-overlooked risk for marine cargo insurers - non-compliant wood packaging material, the pallets, crates and dunnage used to ship goods internationally, and the disruption that follows when regulators…...
Freight's green switch is creating a claims gap for brokers
2+ week, 6+ day ago (770+ words) Electric lorries that cost more to repair than to insure, cargo ships with no agreed fuel strategy, and a maritime sector operating under guidelines formalised only months ago: a Reuters Events and AXA XL report sets out the insurance risks…...