Insurance agents love Mogix products for themselves, their staff and their clients

Black friday mogix insurance agent gift

These backup battery packs and emergency auto multi-tools are too practical not to love. Mogix has announced a huge coupon code for its insurance agents customers to use on Black Friday (starting Today at 4:00PM (PST) and running through Monday at 11:59pm). It offers 36 percent off the brand’s top products such as its external battery chargers, its mobile accessories case and its digital tire pressure gauge and auto safety tool. Amazon customers shopping on Black Friday weekend simply need to use coupon code MGXHODAY to save 36 percent. Though…

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American Family Insurance in hot water with possible $1 billion in legal liability

Agent American Family Insurance

The insurer may be faced with the massive penalty if a federal judge accepts a jury ruling. American Family Insurance could have to pay legal liability as high as $1 billion depending on a federal judge’s decision. Last week, a jury decided that thousands of the insurer’s independent agents are entitled to full employee retirement package benefits. If the judge adopts that ruling, the company, also known as AmFam would be required to comply. The jury’s ruling was made after a two week trial held at an Ohio U.S. District…

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Will life insurance agents soon need to redefine their jobs?

life insurance agents business planning

If Trump repeals the federal estate tax, higher-end agents may find themselves in wealth management. High-end life insurance agents may have a career shift headed their way if President Elect Donald Trump follows through on the elimination of the federal estate tax. It is still unknown as to whether or not Trump will indeed proceed with that proposal. That said, if he does, it could force agents selling life insurance to high end clients to need to recreate their business models. As of yet, it is unknown as to whether…

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209,000 California insurance jobs could disappear from ACA repeal

california insurance jobs

The state has hired former U.S. Attorney General Eric Holder as outside counsel to overcome this challenge. As the Republican party launches its efforts to deconstruct the Affordable Care Act (ACA), a recent study suggests massive damage to California insurance jobs. In fact, the research indicated that the state could see losses of over 200,000 insurance and health care positions from an ACA repeal. Repealing the federal health care reform could also slash an annual $20.5 billion from the California economy. These forecasts were produced by the UC Berkeley Center…

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Insurance brokers start charging fees to compensate for missing commissions

insurance brokers agents stress

These industry professionals have also been limiting their new clients as a strategy to keep up their incomes. Traditionally, insurance brokers have made a significant portion of their earnings via health insurer commissions. However, when it comes to the sale of health plans, considerable changes have been made recently in Massachusetts. Health insurance companies have either eliminated or sizably reduced their commissions to brokers. Therefore, this has forced many brokers to seek new ways of generating an income for the first time. For a large number of brokers, this has…

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Millennials aren’t interested in insurance jobs, despite the openings

millennial insurance jobs

A recent Hartford survey has revealed that this generation simply doesn’t seem to want to be a part of it. Employment may be improving in many regions across the country, but it remains a challenge for many, and despite the fact that insurance jobs are widely available, Millennials don’t seem to want them. The insurance industry is scrambling to try to find qualified, driven people to fill its many job openings. The industry has taken it upon itself to try to change the lack of interest the Millennial generation has…

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Is China’s industry ready for the insurance agents influx?

China Health Insurance agents

Some wonder if such a large amount of hiring is heightening the risk of mis-selling problems. As the number of insurers takes off in China – particularly as the country has opened its doors to providers from other countries – has been taking off and this has caused the need for insurance agents to skyrocket. The glut of hiring that has been occurring in the country is fantastic for people who want to work in the insurance industry. That said, there are some experts in the industry who are forecasting…

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Allstate announces good insurance news by meeting important goals

Allstate Insurance news industry

The insurer has reached some of its long-term sustainability and social impact goals. Allstate has released some positive insurance news through its 2014 Corporate Responsibility Report, in which it underscored some of its central milestones that the insurer has achieved based on some of the key commitments that it has made. These milestones have been a part of the insurance company’s ongoing efforts to address some serious societal issues. Among the issues being addressed are safe driving among teens, domestic violence, and environmental sustainability. At the core of Allstate’s insurance…

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Life insurance industry experienced worldwide growth last year

life insurance rules market statistics

A new Swiss Re report has shown that there was a global gain in this sector, despite only slight economic improvement. Swiss Re, the global reinsurance company, has recently released a report that has shown that the global life insurance industry had managed to gain momentum in 2014, even though the economic situation saw only the slightest growth. The total number of direct premiums that were written increased by 4.3 percent. This is particularly notable following the trend in 2013, in which the total number of direct premiums written had…

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Climate change is proving unsettling for insurance agents

Climate Change Insurance agents Industry

Lloyd’s of London has revealed that it is starting to look into potential catastrophes from the new reality. Lloyd’s of London has just released a document that is rather unsettling to insurance agents in the way that it has shown that it is currently exploring potential apocalyptic disasters that could result from the impact of climate change on the current structure of the world. The report detailed the way that there could essentially be a worldwide meltdown from a food supply chain failure. This was far from the type of…

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