Insurers are finding it difficult to hire new talent, with nearly half saying they’re struggling more than ever. Insurance jobs have become increasingly hard to fill in recent years and while a number of industries are finding that the hiring challenges are starting to ease, that is not the case among insurers. In fact, some insurers are claiming that this has become their most challenging recruitment period ever. According to a recent Forbes report, nearly half of insurers have cited greater challenges in filling insurance jobs now than they ever…Read More
Category: Insurance News Articles
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Everything you Need to Know About Class Action Settlement
A class action settlement occurs when both teams in a class action lawsuit opt to quit litigating the allegations and, instead, solve the suit with a monetary benefit. Remember, a class action settlement is not an admission of guilt. In most instances, the organization facing the lawsuit prefers to settle it than go through an expensive trial. Specific organizations spend many years fighting cases, while others solve the issue immediately to prevent negative press. Below we discuss everything you need to know about class action settlement. Who is Eligible? The…Read More
California considers private health insurance for immigrants
The state has yet to determine if such a strategy can be achieved affordably for the demographic. Though many Californians whose income is too high to be eligible for Medi-Cal can receive subsidized health insurance through Covered California, an estimated 460,000 residents without legal status can’t purchase coverage through the Affordable Care Act’s state-run plans. Some lawmakers are seeking to create a bill to help close that gap for those uninsured Californians. “We’re going to need to figure out how to provide universal coverage for all who call this state…Read More
Ukraine parliament approves $500 million ship insurance fund
The country has made the move to help ensure that it can export more grain from its ports. As a component of a broader strategy to ensure it can export more of its grain, the Ukrainian parliament has approved a $500 million ship insurance fund to provide coverage for vessels experiencing any damage while at the country’s ports. The country is seeking to renegotiate the Black Sea Grain Initiative terms while Russia’s invasion continues. Ukraine is preparing for the renegotiation of the Black Sea Grain Initiative and have approved a…Read More
Insurance industry marketing data might shrink artificial intelligence bias
AI is playing a growing role in the way insurers do business, but it’s clear that improvements are needed. What seemed like nothing more than science fiction a few years ago is now becoming a commonly accepted technology for the near future of the insurance industry as artificial intelligence (AI) rapidly develops. That said, as has been made more than clear in recent days with the goofs and flubs made by Google and Microsoft chatbots, it still has a lot of kinks to be worked out. Insurers have been increasingly…Read More
Pet insurance is becoming more popular. Here’s why!
A combination of several factors has come together to make this coverage far more appealing. Pet insurance has seen a steady but rather slow growth rate in the United States, even as countries in other parts of the world, such as Europe, have been purchasing it much more quickly. That said, the trend in the US appears to be speeding up, and there are a number of reasons to explain it. As inflation sends the cost of food and other necessities upward, many Americans are seeking relief. This has included…Read More
Video Conferencing Tool iMind: Is It a Good Option for Business?
iMind is a leading platform for video conferencing and collaboration. With the growing need to connect with colleagues, clients and partners remotely at any time, iMind provides an ideal solution. This platform can be used by businesses, freelancers and telecommuters to communicate efficiently with people in different locations. Pros and Cons Like any other tool, iMind has its own strengths and weaknesses. Here are some of the pros and cons you should consider before using it for videoconferencing. Pros: The platform is easy and intuitive to use. Whether you’re an…Read More