How to get an insurance job that will turn into a great career

Insurance Job - opportunities

With the expiry of the COVID-19 unemployment benefits, many people are getting a fresh start. When you think of an insurance job, the first thing that comes to mind is likely an agent or a salesperson, but insurers need far more than that in order to operate. Most insurers offer career tracks suiting a range of different types of skillsets and goals. Understanding the different types of insurance job opportunities can help you to better know how to prepare for a career in this industry. Careers can involve a spectrum…

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Insurance coverage increasingly scarce and costly for fossil fuel companies

Insurance Coverage - Oil sands

Oil sands and coal companies are facing rising challenges getting affordable coverage worldwide. Insurance coverage is critical for any large business to operate, but firms centered around oil sands and coal are finding it increasingly challenging to get the policies they require, particularly at an affordable price. A growing number of insurers have stopped underwriting companies in high-polluting fossil fuels. As a result, insurance coverage is harder to find for companies producing, transporting or storing certain fossil fuels that are among the highest greenhouse gas emitters, such as those involved…

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Mercury General Corporation names Victor Joseph Executive Vice President and COO

Mercury General Corporation - Job Promotion

The company has called this a positive step forward “for a strong and vibrant future”. Mercury General Corporation (NYSE stock symbol MCY) recently announced that it has named Victor Joseph as its Executive Vice President and Chief Operating Officer (EVP & COO). The position was newly created, and Joseph will become the first to hold the title. Joseph will take this new position at Mercury General Corporation as of the start of next year. He was chosen to start with this newly created title on January 1, 2022, as an…

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CAA files lawsuit against insurance company for failure to cover pandemic losses

Insurance company - Lawsuit filed

This has become the most recent instance of a media and entertainment firm suing an insurer for this reason. CAA has filed a lawsuit against an insurance company in what has become the latest instance of a media and entertainment organization suing an insurer for denying payment on loss claims regarding pandemic shutdowns. The Creative Artists Agency filed a civil suit with the Los Angeles Superior Court. The Hollywood-based agency filed a civil lawsuit against an insurance company. The suit was filed in the Los Angeles Superior Court against Affiliated…

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SC lawyer hired hitman to cash in on $10 million life insurance policy for family

Life insurance policy - handing over money

South Carolina attorney Alex Murdaugh arranged for someone to kill him earlier this month. South Carolina lawyer Alex Murdaugh hired a hitman to kill him and make it possible for his child to collect on a $10 million life insurance policy, according to authorities. The scam was an “attempt on his part to do something to protect his child,” said his attorney, Richard Harpootlian. Fifty-three-year-old Murdaugh survived the shooting on September 4. Police said that Murdaugh claimed that he had been shot in the head while he was changing a…

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Wawanesa reports a spike in fake insurance job postings

Insurance job postings - Fake

As insurers work hard to hire new talent, they are struggling with fraudsters in their way. Wawanesa has issued a news release cautioning people looking for insurance job postings that while insurers are typically hiring right now, there are many fraudsters out there looking to scam job hunters. Insurers have been a particular subject for scams having to do with employment opportunities. The scam insurance job postings mentioned in the Wawanesa report are described as attempting to trick job seekers into applying for what they think is a position with…

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Here’s Why Your Carrier Needs to Adopt a Greenfield Approach Today

Here's Why Your Carrier Needs to Adopt a Greenfield Approach Today

Over the past decade, insurance companies have begun modernizing their core systems and digital capabilities in response to the growing demand for services delivered over the internet. With more customers looking for convenient online options to purchase policies, make claims, and pay insurance bills, insurance carriers must accelerate their digital transformation initiatives. This move enables carriers to deliver life insurance innovation solutions that effectively cater to modern customers’ needs.  To successfully implement a digital-first strategy, insurance companies must adopt a greenfield software development approach. The greenfield approach is the process…

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