The Arch presentation will help navigate the paid family and medical leave requirements that are being adopted across the United States
Arch Insurance, a provider of short-term disability insurance and paid family and medical leave (PFML) coverage, has teamed up with the Disability Management Employer Coalition (DMEC) to present a webinar that highlights the applicable state requirements where PFML coverage is required.
The presentation, “What Employers Need to Know about Statutory PFML Plans,” will be presented online at noon ET on Wednesday, June 22. Arch’s team of disability specialists will help employers understand the PFML requirements in various states, as well as review options outside of state-run programs. They will also help employers and brokers understand what to look for when comparing different plan options and provide an overview of possible federal guidelines.
For a complimentary registration to “What Employers Need to Know about Statutory PFML Plans,” use coupon code 22ARCH1 and sign up at http://dmec.org/2022/03/16/2022-tools-tactics-webinar-what-employers-need-to-know-about-statutory-pfml-plans/.
“Paid leave laws across the nation are changing quickly,” says Thomas Foschino, Vice President of Accident & Health at Arch Insurance. “It can be difficult to keep up, particularly if you are an employer with workers in several states. We want to use this opportunity to help explain various state plans and how they may affect both employees and employers.”
Each year, DMEC publishes the Paid Family and Medical Leave Pulse Survey. The 2021 survey reported that 81% of respondents did business in a state that had a statutory PFML law, and 78% of respondents did business in more than one state with such laws. Additional talk of a federal requirement may make it increasingly difficult for employers to stay up to date on PFML laws and changes. To view the survey results, visit http://dmec.org/2021/09/14/2021-dmec-paid-family-medical-leave-pulse-survey-results.
About Arch Insurance North America
Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Excess & Surplus Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $15.3 billion in capital at March 31, 2022, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Source – Arch Insurance North America
Tag – arch-insurance
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Contacts
Media:
Tim Dodge
Vice President – Marketing
Arch Insurance Company
tdodge@archinsurance.com
