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Insurance Company Overtime Lawsuits: Wage & Hour Laws

Insurance Company Overtime Lawsuits: Wage & Hour Laws

Commonly asked overtime pay law questions about insurance companies:

What Workers are Employed by Insurance Companies?

The largest groups employed by insurance companies include claims adjusters, claims investigators, policy processing clerks, office managers, insurance underwriters, and insurance sales agents.

What is the Salary Range for Insurance Employees?

According to the United States Department of Labor, salary estimates for occupations commonly found in insurance companies are as follows:

Occupation Median Hourly Wage Mean Hourly Wage Median Annual Wage Mean Annual Wage
Claims adjusters, examiners, & investigators $29.77 $31.02 $61,920 $64,520
Managers of office & administrative support $30.11 $32.34 $62,630 $67,280
Insurance claims & policy processing clerks $18.54 $19.68 $38,560 $40,930
Insurance sales agents $24.00 $32.59 $49,920 $67,790
Insurance underwriters $32.33 $36.31 $67,240 $75,520

How Many People Are Employed Nationally by Insurance Companies?

According to the United States Department of Labor, employment estimate and mean wage estimates for some common insurance company occupations are as follows:

Occupation Employment
Claims adjusters, examiners, & investigators 193,770
Managers of office & administrative support 59,830
Insurance claims & policy processing clerks 234,990
Insurance sales agents 370,160
Insurance underwriters 80,070
Total employment 26,229,000

Where Are Most Insurance Company Workers Employed?

According to the United States Department of Labor, states with the highest employment level in this industry are as follows:

Insurance Company Overtime Pay Lawsuit News

Life Insurance Overtime Pay LawsSales Associates Claim Mass Mutual Misclassified Workers to Avoid Paying Overtime Wages

BOSTON — A former sales employee for Massachusetts Mutual Life Insurance Company recently filed a proposed class action unpaid overtime lawsuit against the insurance giant over allegations the company misclassified the plaintiff and other workers as “outside salespersons” to avoid paying these employees overtime wages.

Millions-Overtime-Pay-LawsClaims Specialists Allege Metlife Failed to Pay $50 Million in Overtime Wages

HARTFORD — A former claims specialist working for Metlife insurance company in Bloomfield, Connecticut recently filed a class action unpaid overtime lawsuit against the nationwide insurance provider, claiming that she and thousands of other workers are owed million in unpaid wages.

geico-forced-to-pay-overtime-claims-after-supreme-court-rejects-auto-insurers-appealGEICO Forced to Pay Overtime Claims After Supreme Court Rejects Auto Insurer’s Appeal

RICHMOND — Six years after first filing their class action unpaid overtime lawsuit, insurance claims adjusters may finally see a payout for their back pay denied by their employer.

auto-insurance-sales-agents-file-unpaid-overtime-lawsuits-against-employerAuto Insurance Sales Agents File Unpaid Overtime Lawsuits Against Employer

A group of former insurance sales agents for Ohio-based SafeAuto recently filed a federal unpaid overtime lawsuit against their employer claiming the company owes them for years of back wages.

insurance overtime pay lawsBoss Services Inc. Named In Wage Class Action Lawsuit

RALEIGH — Filed in October 2015, a class action lawsuit named Boss Services Inc. as responsible for intentionally misclassifying employees to avoid employment benefits required under the Fair Labor Standards Act in addition to state and federal law.

Read All Insurance Company News on Overtime Pay Cases and Settlements

What are the Major Insurance Companies?

There are a number of major insurance companies in the United States, which are some of the largest employers in the insurance industry. These include:

  • Hartford Insurance Group
  • Hanover Insurance Group
  • Progressive Insurance Group
  • Liberty Mutual Insurance Group
  • Farmers Insurance Group
  • Berkshire Hathaway Insurance Group
  • Allstate Insurance Group

What are the Laws for Insurance Company Employee Overtime Pay?

Under the Fair Labor Standard Act (FLSA), many insurance company employees are non-exempt and therefore entitled to overtime pay. This includes employees like insurance adjusters and insurance sales agents, in many cases.

If an employee is non-exempt under the FLSA, the law requires that they are paid overtime wages of one and one-half times their regular rate of pay for every hour past 40 in one week.

However, other employees are exempt from being paid overtime by the insurance company. The FLSA mandates exemptions for certain employees who are considered “administrative” or “professional” employees.

These exemptions generally include insurance investigators, for example.

However, exemption under the FLSA is not determined solely based on job title. It is dependent on job description, job duties, rate of pay, and hours worked.

Employers often deny or unlawfully refuse to pay overtime by misclassifying the positions of the workers, claiming that they are exempt when, in reality, they are not. These are violations of the Fair Labor Standards Act (FLSA) and can give rise to an overtime pay lawsuit.

Is an Insurance Company Employee Entitled to Overtime Pay?

Insurance company employees are often required to work more than 40 hours a week, dealing with clients and legal matters. As a result, many insurance company employees are entitled to overtime pay.

This excludes upper management and some other employees, like insurance investigators, who may fall under the FLSA’s “professional” or “administrative” exemptions.

Determining whether a particular employee is entitled to overtime pay is a complex question: many factors go into the decision, and your state’s laws may complicate the issue. That is why it is important to consult with an experienced overtime pay attorney about your case.

An attorney will be able to analyze your case in the context of the FLSA and your state’s laws to determine if you are due overtime wages from the insurance company.

Does an Insurance Company Have to Pay Overtime Wages to its Employees?

Yes, in many cases an insurance company is required to pay overtime wages to employees that work more than 40 hours in one week.

This excludes employees who are considered exempt under the FLSA. Exemption varies from employee to employee, but it is not determined by your job title. Rather, exemption is determined by job duties, wages, and hours worked.

If you believe the insurance company you work for owes you overtime pay, it is best to consult an attorney who has experience with the FLSA and state overtime wage laws.

To determine whether you are eligible for filing a wage claim, contact our experienced Insurance Company Overtime Pay Lawyers at (855) 754-2795 for a Free Consultation to discuss your case or complete the Free Unpaid Overtime Case Review Form on this page.  We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs unless you receive a settlement.

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