News

Insurance regulatory news, October 2020 # 3

By EsqSocial Corporation 20/10/20

Building guarantee policies: PRA PS21/20 on extending policyholder protection - The UK Prudential Regulation Authority (PRA) has published a policy statement, PS21/20, which contains a rule change to increase protection for eligible policyholders of building guarantee policies (BGP).

Financial Daily Dose 10.20.2020 | Top Story: Intel Sells Flash Memory Unit to SKY Hynix for $9 billion

By EsqSocial Corporation 20/10/20

Intel Corp. has reached a nearly $9 billion deal to sell its NAND flash memory unit to South Korea’s SKY Hynix, a “move that reorient[s] the semiconductor giant away from an area of historical importance that has become increasingly challenged”....

California Isn’t Waiting for the Feds to Resuscitate EEO-1 Reporting

By EsqSocial Corporation 20/10/20

The California legislature just took the matter of gender and race/ethnicity pay gaps into its own hands by mandating employer pay information reporting.

Illinois Appellate Court: Workers’ Compensation Act Does Not Preempt Biometric Claims

By EsqSocial Corporation 20/10/20

Recently, an Illinois appellate court held claims asserted under the Illinois Biometric Information Privacy Act (“BIPA”) are not preempted by the Illinois Workers’ Compensation Act (“IWCA”). While the decision—McDonald v.

World Bank Integrity Vice Presidency Continues Robust Enforcement in 2020

By EsqSocial Corporation 20/10/20

On October 8, 2020, the World Bank Group (“WBG”) issued its Sanctions System Annual Report for the fiscal year 2020 (the “Report”), detailing the WBG’s efforts to investigate and adjudicate allegations of sanctionable practices by firms and individuals in WBG-financed contracts.

Regulatory Relief Through the Pandemic: NRC Hosts Public Teleconference, Provides New Insight

By EsqSocial Corporation 20/10/20

Under the assumption that the coronavirus (COVID-19) public health emergency (PHE) will continue into 2021, the US Nuclear Regulatory Commission (NRC) Staff hosted a public meeting via teleconference on October 15 to discuss future requests for relief from regulatory requirements....

CSC : Calcul d’une prime pendant la période de préavis, l’employé a droit à des dommages-intérêts

By EsqSocial Corporation 20/10/20

Le 9 octobre 2020, la Cour suprême du Canada (la « CSC ») a rendu sa décision dans l’affaire Matthews c. Ocean Nutrition Canada Ltd.

Stealing Home: The Quiet Game of Trade Secret Theft in the Telework Economy

By EsqSocial Corporation 20/10/20

In the movie “Snowden,” the audience watches anxiously as Edward Snowden downloads millions of files in a matter of minutes and then walks out of an NSA facility with the thumb drive hidden in a Rubik’s cube. How much more information could he have acquired if no one was watching?

EPA Announces First-Ever Approval Pathways for “Long-Lasting” Anti-Viral Disinfectants, Coatings, and Surfaces

By EsqSocial Corporation 20/10/20

Key Takeaways: • What Happened: EPA announced a new and expedited review process for surface disinfectant products with residual anti-viral efficacy claims of up to 24 hours, as well as a new category of “supplemental” residual antimicrobial products such as hard-surface coatings, paints, and im

CMS Announces New Telehealth Services Covered by Medicare and Provides States with Medicaid and CHIP Telehealth Expansion Assistance

By EsqSocial Corporation 20/10/20

On October 14, 2020, the Centers for Medicare & Medicaid Services (CMS) expanded the list of telehealth services covered by Medicare during the COVID-19 Public Health Emergency.

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