Aon | Financial Services Group
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The Financial Services Group at Aon released a Wage & Hour (W&H) advisor, which includes insights on following topics:
The Federal Vaccine Mandate That Never Was: On January 13, 2022, the U.S. Supreme Court issued a ruling staying the implementation of the COVID-19 Vaccination and Testing Emergency Temporary Standard (ETS). In a 6-3 decision, the Court ruled that the ETS was an unconstitutional overreaching of OSHA’s authority.
Enforceability of Mandatory Arbitration Agreements in California: Multiple California business groups challenged the implementation of AB-51, a bill that invalidates mandatory arbitration agreements that are a condition of employment, but the Ninth Circuit has mostly lifted the injunction imposed by a lower court. Employment firms in California are expecting an immediate appeal to the U.S. Supreme Court.
A Win for Staffing Firm Joint Employers: The Tenth Circuit Court recently heard a case concerning non-signatory enforceability of arbitration agreements and found that in certain instances, arbitration agreements and class action waivers can protect a non-signatory customer or party.
State of the Market: The W&H market has experienced more muted volatility compared to the EPLI market with pricing largely peaking in the 20-percent-plus range. This lack of volatility was mainly driven by the absence of any negative impact from the COVID-19 pandemic and less need for a historic right-sizing in pricing.
Class Claims: Recent examples of settlements in a variety of industries highlight matters that can impact Wage & Hour claims.
The W&H advisor can be accessed here.
Aon is not a law firm or accounting firm and does not provide legal, financial or tax advice. Any commentary provided is based solely on Aon’s experience as insurance practitioners. We recommend that you consult with your own legal, financial and/or tax advisors on any commentary provided by Aon. The information contained in this document and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity.