Need to catch up on the news? Here's a digest of news stories that passed our desk this week. We offer quite the mix, from the latest on flood insurance, a primer on chatbots, and news on agency valuations and industry analysis.
If you want to find out about how many data breaches there were in Massachusetts in any given year and what companies were involved, you can now do that online. The Massachusetts Office of Consumer Affairs and Business Regulation is now making data breach reports involving potential identity theft available to the public in a database on its website. Tara Seals of InfoSecurity magazine reports that in the past, these records could only have been obtained via a public records request. She notes that Massachusetts has been in the forefront of data security and discusses some of the state's current initiatives.
Human Resource directors everywhere were braced for a major change in overtime rules that would have affected millions of workers nationwide by increasing the pay threshold to qualify for overtime from $23,660 to $47,476. The change was scheduled to go in effect on December 1, but in an eleventh hour reprieve for employers, a federal judge in Texas issued a nationwide injunction.
From our recent web readings, we offer three items that caught our eye this week: a tribute on the passing of an insurance industry giant, Jay Fishman; a prescription for how independent agents can compete and win against current and future market threats; and a primer on the four types of data analytics that will change the insurance industry.
Twitter is a great source for breaking news and links to smart thinking from industry leaders. We advocate that all agency principals and producers have accounts, but not just as a channel to post agency news and communicate with potential customers and prospects. It's also a great way to consume news from your industry and your community. If you cultivate and follow a diverse range of interesting accounts and news sources, you can start your day off with a great news feed - it's the new morning paper! Here are a few items that we found on Twitter this week that piqued our interest.