Operations/tech
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The company said it would look to use its program skillset strategically to enhance and position some of its new product verticals. -
As part of the revamp, Michael Chang has been named global head of customer and distribution.
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Inside P&C’s news team runs you through the key developments from the past week.
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The Hanover swung back to underwriting profit of $88mn after a cat-heavy Q3.
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The program replaces the existing share repurchase program, which has $24.2mn remaining of the original $40mn.
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Recently terminated Root employees took to social media platforms to announce their dismissals, after the company eliminated about 20% of its workforce.
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The company termed the massive headcount reduction as an “organizational realignment”.
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The OSHA regulation requiring employees at large businesses to get Covid vaccine was thrown out, but justices allowed the healthcare worker mandate to stand.
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Justices appear to lean toward overturning OSHA rule requiring jabs for 100 workers or more; medical mandate also in play.
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The Hartford-based carrier is the latest to rejigger its policies in response to the rapidly evolving pandemic.
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Staff who have not provided proof of vaccination will be terminated “for cause” and ineligible for future employment with the carrier.
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Employees have expressed frustration that accommodations on religious grounds have been denied.
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