Xavier University decides to cut contraceptive coverage for employees

The Xavier University of Ohio will be making cuts to the insurance it offers employees in July of this year. The university, which is one of the oldest Catholic colleges in the country, will stop providing coverage for birth control, railing against rules imposed by the federal government requiring all faith-based organizations to provide such coverage to their employees. The university’s decision has struck a chord with the Obama administration, which is now accusing the college of standing in the way of a regulation that would be beneficial to women’s…

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J.D. Power and Associates study shows insurance consumer satisfaction is high after storms of 2011

A new report from J.D. Power and Associates, a global marketing information firm, shows that many consumers have been left happy in the wake of the veritable onslaught of natural disasters in 2011. The firm surveyed 4,200 homeowners insurance customers who had filed claims after these disasters. More than 80% of these consumers responded that they were satisfied with the service they were given and would likely renew their policies with their insurance provider. This comes as something of a surprise for the insurance industry as 2011 was the most…

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Insurance employment forecast sees 14,000 jobs currently available and 27,000 more this year

GreatInsuranceJobs.com has released a report on the availability of jobs among managing general agents, third party administrators, brokers, and agents, and has determined that there are currently about 14,000 positions open, and that there will be an additional 27,000 jobs available before the end of 2012. The report was based on a survey of those parts of the industry, among which 126 different insurance entities participated across the country. The survey was performed over the phone, and involved five questions about the current and forecasted job availability, in addition to…

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United Nations report stresses the need for action on climate change

Climate change may be a controversial issue in the world of politics, but the insurance industry is betting on dramatic weather becoming a reality in the near future. The belief of the global insurance industry is shared by the United Nations. The UN’s Intergovernmental Panel on Climate Change has released a report concerning climate-related disasters, indicating that all nations will be susceptible to extreme weather. The report is aimed at politicians around the world, stressing the necessity of preparing for future disasters wrought by climate change. The United Nations claims…

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Vienna Insurance Group sees European insurance markets stagnating amidst financial crisis

Vienna Insurance Group, one of the largest insurers in Europe, is showing concern over the regions international insurance markets. According to the company’s forecasts, the markets are becoming stagnant and, in the best case scenario, would remain as such for the remainder of this year. This stagnation is likely a product of how consumers are responding to the ongoing economic crisis that is spreading throughout Europe. Because of this growing trend, the insurer has announced steps that it will be taking to ensure its place as one of Europe’s most influential companies.…

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