Free video reveals how to solve boomers' idle $13 trillion with IULs.
Expanded Choices. Learn more.
Expanded Choices. Learn more.
Expanded Choices. Learn more.
Estate Planning Failures of the Rich and Famous V
 

Insurance Firm Fined For Wage Violations

Premier Insurance Services has agreed to pay almost $120,000 in back wages and fines after a federal investigation found minimum wage, overtime and other wage-and-hour violations, according to a statement from the U.S. Department of Labor...

By Jack Katzanek, The Press-Enterprise, Riverside, Calif.
McClatchy-Tribune Information Services

Jan. 10--A Colton-based insurance company has agreed to pay almost $120,000 in back wages and fines after a federal investigation found minimum wage, overtime and other wage-and-hour violations, according to a statement from the U.S. Department of Labor.

An investigation found that Premier Insurance Services, which sells a variety of policies, paid its employees based strictly on commissions, which resulted in workers receiving less than the minimum wage. Employees also did not receive overtime when they worked more than 40 hours in a week.

Also, Premier insurance Services did not keep employee payroll records.

"Paying employees on a commission-only basis does not give employers a green light to dodge minimum wage and overtime pay requirements," Priscilla Green, director of the labor department's West Covina office, said in the statement.

The settlement includes back pay due to 90 employees in 13 California locations, including one in Riverside, and almost $33,000 in civil penalties. The company also was ordered to sign an agreement to implement a timekeeping system to document employees' hours, according to the statement.

A spokesperson for Premier Insurance Services declined to comment on the federal agency's ruling.

Earlier this year the Labor Department discovered that an Upland company, Speedlane Insurance Services, was committing similar wage-and-hour offenses and was forced to pay about $200,000 in back wages to 96 employees. According to the statement, Speedlane was owned and operated by a close relative of Hakim Kabir, who owns Premier Insurance Services.

___

(c)2013 The Press-Enterprise (Riverside, Calif.)

Visit The Press-Enterprise (Riverside, Calif.) at www.PE.com

Distributed by MCT Information Services

Wordcount:

New! Check out InsuranceNewsNet's Blog.
259


USER COMMENTS:

comments powered by Disqus

  More Life Insurance News

More Life Insurance News >>
  Most Popular Life Insurance News

More Popular Life Insurance News >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
New! Check out InsuranceNewsNet's Blog.