Insurance workforce required to maintain on-call status throughout extreme weather

insurance workforce natural disaster wind damage

Teams of employees in the industry find themselves in on-demand positions with hurricanes, storms, and wildfires. Throughout this active season of hurricanes, heavy storms, wildfires and earthquakes, the insurance workforce has been maintaining a steady on-call status. Historic flooding, rainfall, winds and tremors have left billions upon billions of dollars in property damaged or annihilated. Homes, businesses, vehicles, equipment and products have been destroyed by active extreme weather. Hurricane Harvey, Hurricane Irma, the and the wildfires across the American west have left devastation behind, as Mexico experienced an earthquake more…

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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…

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High praise for mobile capabilities added to the FirstBest Front Office Suite for insurance carriers

Insurance software solutions provider, FirstBest Systems, Inc., which provides products for the MGAs and MGUs specialty and commercial-lines insurance carriers, has revealed the latest additions to its Front Office Suite of insurance applications, which will now include mobile commerce capabilities. This new functionality will permit the insurance workforce to take advantage of a wider range of solutions for underwriting and collaborative business challenges using mobile devices that are increasingly becoming standard in the industry. The mobile capability is entirely integrated with the agent portal applications and underwriting workstations through FirstBest,…

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