Minimum Wage Updated in Maryland
Take note of the state’s minimum wage, which increased as of Jan. 1, 2023. In addition, Montgomery County will implement a new minimum wage this summer.
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Maryland News
Feds Scale Back Religious Exemption
The Office of Federal Contract Compliance Programs just rescinded a 2020 rule that expanded a religious exemption to equal opportunity requirements.
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Regulators Target Employer Monitoring
The National Labor Relations Board (NLRB) and the Consumer Financial Protection Bureau (CFPB) will work together to protect workers from surveillance by their employers.
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Climate Change and Investment Decisions
The new U.S. Department of Labor rule allowing retirement portfolio managers to weigh environmental, social, and governance issues in their investment decisions will take effect, thanks to Biden’s veto.
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Senate Finance Amends Mandatory EUIM Legislation
In a 10–1 vote, the Maryland Senate Finance Committee voted yesterday in favor of HB 128, with changes that would exempt renewals and sunset the law after five years.
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IA&B Succeeds in Preserving MAIF Assessment Transparency
A proposal to hide future Maryland Automobile Insurance Fund (MAIF) assessments from policyholders was defeated, thanks to IA&B’s advocacy efforts.
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Silicon Valley Bank Collapse Triggers Phishing Attacks
Learn why security firms expect the recent bank failure will trigger a wave of cybercrime. Then access a complimentary ransomware simulation tool to test your agency’s safeguards.
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Expanded Access to Potential Carrier Appointments
Additional carriers have been added to AppointmentLink – the online tool that connects IA&B member agencies with potential carrier matches.
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MD Members Eligible for Higher Commissions on NFIP Business
If you write flood through the NFIP with a Write-Your-Own (WYO) program, compare commissions with those offered through The Hartford Flood program for IA&B of Maryland members.
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How to Leverage FDIC Protection for Premium Funds Held by Agents
With the recent news about bank failures, now is a perfect time to revisit fiduciary obligations under the Producer Licensing statute and how Federal Deposit Insurance Corporation (FDIC) protection plays a role.
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