Insurance Information Institute reports on job loss and gain in the insurance industry

Despite record profits this year, the insurance industry continues to shed jobs. The Insurance Information Institute has released a new report highlighting the losses in the property/casualty insurance sector. Signs of an improving economy may not be enough to help the industry keep its workforce employed, especially when confronted with costly losses due to this year’s natural disasters. The Institute’s report relied on data collected by the U.S. Labor Department’s Bureau of Labor Statistics. Apart from a still turbulent economic climate, the industry has been downsizing as a result of…

Read More

Progressive will employ 150 more people in Colorado Springs in 2011

Progressive auto insurance will be holding job fairs in Colorado Springs, in order to hire 150 more people before the end of the year and are looking for individuals seeking a rewarding career within the industry. The insurer has been named the 2011 Best Company to Work For in Colorado by Colorado Business Magazine, and has also recently been recognized on the Military Times EDGE Best for Vets 2011: Employers list. It is the fourth largest auto insurer in the United States. Progressive will be hosting a number of career…

Read More

Mercury experiences growth in homeowner business leading to new hiring

Mercury Insurance has announced that as a result of a significantly increasing customer base, it will be hiring 63 new employees for full-time property claims in its New York, New Jersey, Texas, and California offices. Since the start of 2011, the homeowners business at Mercury has jumped by over 10 percent. According to the human resources director at Mercury, Clarisa Eng, the company is doing their part to put people in the United States back to work. She explained that the new hires will be assisting the company to “provide…

Read More

Allstate’s 2011 agency owners and salespeople to grow by over 230

Michigan’s sixth largest car insurance provider, Allstate, has announced that it will be appointing 35 new agency owners this year, in addition to hiring in excess of 200 licensed sales employees. The new agency offices will be located in Lansing, Metro Detroit, Grand Rapids, Ann Arbor, Flint/Saginaw, and Kalamazoo. Agency sales leader for Michigan, Chris Markey, released a statement which said that they have identified a sizeable “opportunity in the current economy to attract entrepreneurs and mid-career, mid-level managers who are looking for a business opportunity with a recognized brand.”…

Read More

Progressive Insurance to increase Austin workforce by over 100

Progressive Casualty Insurance Company has announced that it is seeking to fill 101 new Austin contact center service, sales, and claims positions by the end of September. This recruitment by the fourth largest auto insurer in the United States comes close on the heels of a previous hiring in the same city that occurred in May, when it brought in 65 new phone representatives. The Austin American-Statesman has called Progressive one of the Top Workplaces within the Austin area. The new employees within the company will be responsible for assisting…

Read More

Insurance claims industry one of top ten fastest growing job markets

Though employment continues to struggle across the country during this slow recovery from the recession, there have been several industries – such as insurance claims – where it is anticipated that there will be a rapid spike in hiring and employment for the upcoming few years.  According to IBISWorld, an industry research firm, It is believed that there will be a growth rate of 5.7 percent every year from now until 2016 in employment in the areas of claims adjusting and third party administrators.  The number of employees in that…

Read More

Tennessee legislation brings insurance jobs and more

The Tennessee State Government is expected to make changes to its laws regarding captive insurance this week. A bill that would allow the formation of new captive insurance companies is on its way to Governor Bill Haslam’s office, where it is likely to receive his signature and be passed into law.  The state has not passed any new legislation regarding captives since 1990, which fostered in 16 new companies. According to legislators, the bill will not only bring jobs to the state, but also provide insurance companies more incentive to…

Read More