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To cut pay or not to cut pay? That’s been a key question facing brokers amid the global COVID-19 pandemic. Aon said it was imposing an approximately 20% salary cut on about 70% of its staff, while Marsh and Willis Towers Watson said they intended to avoid pay cuts.
1. Aon cuts pay of most staff due to economic crisis
2. Marsh & McLennan looks to avoid ‘blunt instrument’ of pay cuts
3. Tesla to forego D&O liability insurance, citing cost
4. Employers plot strategies for bringing workers back onsite
5. Restaurant sues insurer, brokers over COVID-19 coverage
6. Jonathan Zaffino to join Ascot as president
7. Illinois commission repeals sweeping COVID comp order
8. Willis Towers Watson intends to avoid pay cuts: CEO
9. COVID could cost comp as much as $80B: NCCI
10. Majority of CFOs anticipate workplace changes: PwC
More insurance and risk management news on the coronavirus crisis here.
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