Insurance industry hiring to hit record levels in 2018, survey

Insurance industry hiring - Leaping for Job

A new outlook survey predicts this year will see insurers working to fill more jobs than ever before. Insurance industry hiring is taking off at a powerful rate, causing insurers to face a number of challenges. They are working to fill positions such as actuaries, underwriters and in claims and sales. A new survey shows that these employers are facing a string of challenges bringing in new hires. The 2018 Insurance Industry Employment and Hiring Outlook Survey predicted a trend toward record insurance industry hiring this year. However, experienced talent…

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Pedestrian deaths are becoming explosively more commonplace

Pedestrian deaths - Police Car - Police Tape - Accident

An Insurance Institute for Highway Safety report shows a spike of 46 percent in pedestrians killed. Pedestrian deaths have now risen to their highest point in 28 years, according to a new Insurance Institute for Highway Safety (IIHS) report. The IIHS report showed that the more the U.S. increases its arterial roadway use, the more people are killed. Arterial roadways in urban-suburban areas saw a 50 percent spike in deaths at non-intersections. The IIHS report also showed that there was a 56 percent increase in pedestrian deaths when it was…

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Richard F. (Rick) Jones Jr. Becomes Third FTJ Officer to Lead AIPAGIA

Insurance company blockchain Pilot Launched by Humana and UntiedHealth

KANSAS CITY, Missouri (May 7, 2018) – Richard F. (Rick) Jones Jr., longtime executive at Forrest T. Jones & Company, Inc. (FTJ), was recently appointed president of the American Institute of Professional Association Group Insurance Administrators (AIPAGIA). Jones became the third generation of the family-owned company to head AIPAGIA, an exclusive association of top insurance administrators, TPAs, marketers, and brokers providing insurance marketing, expertise, and member-benefits to affinity groups and associations around the country. Jones began his one-year term as president in April at the annual AIPAGIA meeting in Sanibel…

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New York regulators call NRA branded insurance program unlawful

NRA Branded Insurance Program - Gun - Weapon - pistol

The Department of Financial Services fined Lockton Cos. $7 million for its liability coverage sales. New York state regulators have deemed an NRA branded insurance program to be unlawful. Lockton Cos. said back in February that it would shut down its National Rifle Association brokerage services. The company continued to sell the branded insurance policies meant for firearm owners and users. The NRA branded insurance program was designed to cover gun owners. It is a form of liability coverage in case the firearm owners were ever charged with a crime…

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Pet insurance popularity takes off, covers over 2 million in North America

Pet Insurance Popularity - Dog in Cone

The industry has now reached the $1 billion point, according to a new NAPHIA report. As pet insurance popularity grows as it never has before, it has now become a $1 billion industry, says a North American Pet Insurance Association (NAPHIA) report. The report states that the average year over year growth rate has been nearly 17 percent, says the 2018 NAPHIA State of the Industry Report (SOI). This year also represented the first time the industry surpassed the $1 billion threshold. Pet insurance popularity drove the industry’s gross written…

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California Commissioner encourages insurers to sell cannabis industry insurance

Cannabis Industry Insurance - Cannibas Scale - legal system

Dave Jones is once again urging insurance companies to sell products to the legalized cannabis ecosystem. California Insurance Commissioner Dave Jones has previously urged insurers to sell legalized cannabis industry insurance products. He is now renewing this call on the heels of recent reports that President Donald Trump has ignored federal law enforcement policies put in place by Attorney General Jeff Sessions. The Commissioner has been trying to encourage insurance company involvement since November 2016. At that time, Californian voters chose to make adult recreational cannabis use legal. Since that…

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Allstate Insurance named Best of the Best Corporation for Inclusion for 2018

Best corporation for inclusion - Allstate Insurance Honoured with Title - 1st Place Award - Trophy

The National LGBT Chamber of Commerce and National Business Inclusion Consortium issued the title. Allstate Insurance has received the proud title of Best of the Best Corporation for Inclusion for 2018. The National LGBT Chamber of Commerce (NGLCC) and National Business Inclusion Consortium (NBIC) collaborated to designate the insurer with this title. This title is meant as a celebration of a company committed to broad spectrum inclusion and diversity. The NGLCC and NBIC consider companies for the title of Best of the Best Corporation for Inclusion based on several factors.…

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AIG underscores travel insurance shortfalls in current ecosystem

Travel insurance shortfalls - Hand - Airplane

The changing nature of the travel industry as a whole has caused coverage to fall short of what it should be. AIG recently released a report on the current travel insurance shortfalls as travelers leave their agents behind. The report was titled “Insuring Travellers in the Digital Age.” The current travel comparison trend is boosting convenience but is leaving travelers under-insured. The AIG report pointed out that the average traveler will visit 28 websites throughout the 53 day period before they book their trips. The internet is offering them tools…

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UK insurance industry unprepared for Brexit, less than a year away

Insurance Industry - UK insurance industry not ready for Brexit - Domino

Without access to the European Union’s single market, U.K. financial firms will face unprecedented struggle. Ireland’s Central Bank Deputy Governor Ed Sibley voiced his concern about the financial and insurance industry challenges following Brexit. He stated that with less than a year before the United Kingdom withdraws from the European Union, banks and insurers remain unprepared. Sibley said the EU should not attempt to stop U.K. banks and insurance companies from the single market. Sibley’s financial and insurance industry warning is in direct opposition to certain E.U. opinions. Some E.U.…

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Distracted drivers pay as much as 41 percent more for auto insurance

Distracted Drivers Pay More for Auto Insurance - Driver texting

Talking on a mobile phone, texting, checking a location on a map, and eating distracts motorists. It doesn’t come as much of a surprise to find out that distracted drivers are extremely commonplace on the road. Some are talking on their mobile phones. Others send texts. Some fuss with their coffee cups or drive-thru meals. Others are turned around to shout at their misbehaving children in the back seat. Whether you’re surfing through radio stations or choosing your GPS locations, you may pay more. Those distracted drivers may or may…

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