The property/casualty insurance industry is ramping up efforts to find new talent and many companies are looking to military veterans to answer the call for new hires. The insurance industry has long been one of the friendliest sectors for those retiring from military service and looking for work in the private sector. Military experience translates well into insurance because veterans are often instilled with a sense that problems must be solved properly and as quickly as possible. Aon Corporation, one of the world’s largest reinsurance and risk management firms, has…
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Jobs in the insurance industry are slowly climbing
According to data released by the U.S. Bureau of Labor Statistics (BLS), following a small decline in jobs in November 2011, there was an overall increase of 3.3 percent in the insurance industry in December, as 3,300 new jobs were added in the last month of the year. The report released by the BLS states that in November, there was a decrease by 100 jobs in the industry, which was linked – for the most part – to health (falling to 420,700 in a drop of -0.8 percent); property/casualty (falling…
Read MoreInsurance industry sheds jobs in some sectors while adding to others, according to III report
The Insurance Information Institute (III) has released a new report drawing upon data from the U.S. Department of Labor. The report touches upon the volatility seen in the property/casualty insurance business in October of this year. According to the report, the property/casualty sector performed poorly in terms of employment while other sectors saw promising growth. Overall, the report highlights the turbulent year the insurance industry has faced as a whole and suggests that the trend can continue throughout next year depending on the economic climate. The III notes that 900…
Read MoreProgressive to bring in 120 new hires in Austin
Progressive Car Insurance has announced that it will be hiring approximately 120 new people in their claims, sales, and service positions at its contact center in Austin, before the end of the year. These positions come with many attractive qualities, such as flexibility – for example, compressed work weeks and work from home opportunities – a casual dress code, performance bonuses, fitness centers, and on-site medical facilities for both the employees and their families. Recruiting director Katie Koch, from Progressive, said that the insurance company’s employees remain with that business…
Read MoreInsurance 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…
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