My recent post about wage and hour exposure and insurance triggered an email exchange with one of the blog’s readers, Machua Millett, who is the Chief Innovation Officer for the financial and professional unit (FINPRO) at Marsh. The email exchange involved a lot of information that we both agreed might be of interest to all of the blog’s readers. Rather than try to turn the email correspondence into a blog post, we reconstructed the exchange in the form of a Q&A, which is set out below. I would like to thank Mach for reaching out to me in the first place, for his willingness to share ideas and information, and for his willingness to participate in the Q&A, below. My questions are set out in italics, Mach’s answers to each question follow.
Continue Reading A Q&A on Wage & Hour Insurance
Lawsuits alleging violations of the Fair Labor Standards Act (FLSA) were at an all-time high for the year ending on March 31, 2012, according to a recent law firm study. Moreover, the wage and hour suits are up nearly 350 percent from the equivalent period ten years prior.