The course looks at:ver the past few years, the insurance industry has been forced to confront numerous charges and concerns related to ethical standards and practices within its ranks.Few would argue that some consumers do not view the insurance industry in a positive light.In the majority of cases, this reliance has served the insurance buyer well.Unfortunately, when the confluence of events is such that the information or the service or the product later fails to live up to the consumer’s expectation, charges of malfeasance or neglect arise – sometimes valid, sometimes not.In the past five years alone, the number of private lawsuits involving multiple employees and their employers has grown by 77 percent, according to data generated for the National Employment Lawyers Association. Wynn Las Vegas' president said Friday that the dealers who filed a lawsuit seeking to end the casino's 3-week-old tip pooling program are welcome at their jobs. But before filing the agreement, they wanted a judge to allow them to keep the details secret for now. It's a lawsuit a federal judge calls "vexing" and compares to a pointillist painting: tens of millions of light cigarette smokers seeking up to 0 billion in damages from tobacco companies. The decision, to put it mildly, has made it clear that the plaintiffs' bar still poses a threat to the industry. It is common for employers to unintentionally violate California's strict employment laws, said plaintiffs' attorney Bruce Anticouni, who filed the lawsuit in Santa Barbara Superior Court. A federal judge granted class-action status to a lawsuit that contends Tyson Foods Inc., the world's largest meat producer, depressed wages by hiring illegal immigrants at eight plants in Tennessee, Alabama, Indiana, Missouri, Texas and Virginia. Foster of Chicago, an attorney for Tyson employees, described the ruling as a "very big step." It allows him to seek damages for thousands of workers at the eight plants instead of just the four original plaintiffs. If it's to punish a company monetarily for an alleged misdeed, then the system seems to be working fairly well, considering the hundreds of millions of dollars handed out in settlements each year. Louis ruled yesterday that a jury must hear evidence on whether the Allstate Insurance Company discriminated against older insurance agents when it adopted a plan seven years ago to cut costs and streamline the company's operations. Richard Webber said that lawyers for the Equal Employment Opportunity Commission had presented strong enough evidence of discrimination that "a reasonable jury could find" that Allstate violated anti-discrimination laws. The money that's riding on the appeal in a class action against Bank of America is almost unfathomable. A class action lawsuit by former Boeing Wichita workers against Boeing Co., Spirit Aero Systems and Onex Corp. The move allows the suit to proceed as a class action. agreed to pay up to million in cash and benefits to settle a pair of class action lawsuits brought by nearly 7,000 current and former employees.
The management agreement should emphasize services that a independent management consultant may provide such as detailed advice on: We do not recommend charging a separate management fee on top of a "super royalty" under the proposed franchise agreement.
When enough of these charges are heard, the regulators step in with new or revised requirements that are intended to reinforce ethical business practices.
Unfortunately, it’s possible that the ever-expanding focus on the issue of ethics may, in the long run, serve to undermine the very essence of this important issue.
The purpose of this course is to examine the concept of ethics and how it relates to the insurance producer.
It attempts to show how embracing a personal code of business ethics will guide the producer’s activities beyond that which are required (or prohibited) by law toward a higher level of service and success.