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AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- for the subsidiaries of Independence Holding Company (collectively referred to as Independence Holding Company Group or the group) (headquartered in Stamford, CT) (NYSE:IHC). (See below for a detailed list of companies.)
Concurrently, AM Best has affirmed the Long-Term ICR of bbb- of Independence Holding Company. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Independence Holding Company Group s balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
Hawaii Tuesday, December 15, 2020
As we (thankfully) reach the end of 2020, we wanted to provide a year-end update on recent and upcoming state law developments. Despite the fact that state and local governments had their hands full with the COVID-19 pandemic (and passed many laws relating to that topic, which we will not cover here), they managed to crank out an impressive number of non-COVID-related employment laws.
As always, now is a good time for employers to take a deep breath, look around, assess their policies for compliance, and make any necessary updates to their handbooks, pay practices, and administration for the new year.
California became the first state in the nation to offer parents Paid Family Leave in 2014. Now, more than a quarter million parents use this lifeline to take care of their newborn babies every year.
Low-income parents, however, are often the least likely to take advantage of paid leave, research shows. California’s new Master Plan for Early Learning and Care is a 10-year blueprint for gradually reforming early childhood and education at a cost ranging from $2 billion to make some improvements to $12 billion to completely overhaul the state’s system.
The report, which was commissioned by Gov. Gavin Newsom, proposes three key ways to bridge the gap between these vital dollars and the parents who need them most. The critical recommendations range from increasing the size of payouts and duration of leave to helping support small businesses while employees are out.
UpdatedFri, Dec 11, 2020 at 6:17 pm ET
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State Rep. Harry Arora (R-151) was recently appointed ranking member of the General Assembly s Labor and Public Employees Committee. (Shutterstock)
HARTFORD, CT On Dec. 4, Greenwich State Representative Harry Arora (R-151) was appointed ranking member of the General Assembly s Labor and Public Employees Committee by House Republican Leader-elect State Representative Vincent Candelora (R-86).
A ranking member serves as the leader of the minority party in committee meetings and works with the committee leadership to bring forward legislation, according to a news release.
Subscribe I am honored to have the opportunity to serve as the Ranking member of the Labor and Public employees committee, Arora said in a news release. Our workforce is our state s most important resource and we need policies which will help create better and higher paying job opportunities in Connecticut. The pandemic has brought on difficult challenges for so
Amid all the changing laws, ordinances, regulations, and executive orders related to COVID-19, it is easy to overlook some of the other important leave and benefit changes enacted by.