Workplace discrimination filings hit new record
The United States Equal Employment Opportunity Commission announced today that private sector workplace discrimination charge filings hit a new record in their most recent year ended September 30, 2010. According to the EEOC: “The FY 2010 data show that the EEOC filed 250 lawsuits, resolved 285 lawsuits, and resolved 104,999 private sector charges. Through its combined enforcement, mediation and litigation programs, the EEOC secured more than $404 million in monetary benefits from employers — the highest level of monetary relief ever obtained by the Commission through the administrative process — to promote inclusive and discrimination-free workplaces.” Click here for the full press release.
This activity against employers suggests that the underwriting and premium terms for Employment Practices Liability Insurance will feel pressure in the coming year. Major underwriters of this coverage include Chubb, Chartis, Zurich, ACE and Travelers.