JUN 2016
DID YOU KNOW?
Last month, Vadym Iermolovych, a 28-year-old Ukrainian man, pleaded
guilty in the United States to a hacking scheme that allegedly resulted
in more than $100 million in illegal profits. According to authorities,
the man hacked into services that distribute corporate news releases
and worked with three traders to use that information to conduct
insider trading.
IN THIS ISSUE
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OSHA Issues Final Rule on Electronic
Reporting and Anti-retaliation. OSHA
finally released its long-anticipated
rule on electronic reporting of
workplace injuries and illnesses. Read
on for some highlights.
House Passes Private Flood Insurance
Bill. The Flood Insurance Market
Parity and Modernization Act could
provide homeowners who must buy
flood insurance with competitive
offers from private insurers.
Global Drone Market Will Near $130
Billion in 2020. A new report from
PwC predicts that the global
commercial drone market will explode
in the next few years.
Provided by:
Marshall & Sterling Insurance
OSHA Issues Final Rule on Electronic
Reporting and Anti-retaliation
Last month, OSHA issued a final rule that requires certain employers
to electronically submit data regarding their work-related injuries. In
addition, the final rule solidifies protections for employees who
report work-related injuries and illnesses. The anti-retaliation
provisions of the final rule become effective on Aug. 10, 2016, while
the remainder of the final rule goes into effect Jan. 1, 2017.
Compliance with anti-regulation provisions and reporting deadlines
will be phased in through 2019.
There are a number of provisions included in the final rule, but the
following highlights are the most relevant:
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Electronic reporting. Most employers will have to
electronically submit at least some portion of their injury
documentation starting in 2017.
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Public information. The injury reports will be viewable by
the public.
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Privacy. Employee names and addresses, the names and
addresses of health care providers, and the specific facility
names and addresses will not be made public.
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Retaliation. Employers are expressly prohibited from
retaliating against employees who report a workplace injury
or illness.
For more information on the final rule, ask about our Compliance
Bulletin, “OSHA Issues Final Rule on Electronic Reporting.”