Insurance company jobs lost at Northwestern Mutual during business’s “transformation”

H. Cutner
insurance industry hiring company jobs

The insurer released a statement confirming that hundreds of employees will be laid off this year. Despite the fact that the current market is very positive for insurance company jobs, hundreds of employees at Northwest Mutual will be laid off before the end of 2017. These layoffs will be on top of others that have already been issued to many of the insurer’s workers. The Northwestern Mutual layoffs are occurring primarily at the company’s corporate offices. Those offices are located in Milwaukee. The insurance provider has stated that the layoffs…

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Strange insurance claims rise as a result of fur, feathers and creepy-crawlies

Julie Campbell
bedbug animal related strange insurance claims

Everything from peacocks to bedbugs are leading to a rise in filings with insurers in the United States. Strange insurance claims resulting from animal-related incidents are on the rise in the United States. Everything from aggressive peacocks to hotel room bedbugs are sending people to their insurers for reimbursement of their losses. This insurance data was published by Allianz SE in a report based on a recent study it conducted. Strange insurance claims in the United States involving bedbugs rose by 50 percent from 2014 to 2015, according to Allianz…

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Australian insurance companies may face massive payouts from Cyclone Debbie

G. Turner
australia insurance companies cyclone debbie

The country’s Insurance Council has cautioned that damage could cost billions of dollars. The Insurance Council of Australia (ICA) has cautioned Australian insurance companies, businesses and residents that the damage from Cyclone Debbie is extensive and will be costly. In fact, the ICA declared it a catastrophe. There has yet to be a final estimate of what the damage total will be but previous ones have been in the billions. Over 90 percent of the residents of North Queensland are covered by some form of insurance policy. The majority of…

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Lloyd’s of London EU subsidiary will be in Brussels

Nordstrom
Insurance company brexit strategy

As Great Britain triggered Article 50 in order to formally begin Brexit, the massive insurance marketplace plans ahead. The largest specialty insurance market in the world, Lloyd’s of London, has selected Brussels as its intended European Union subsidiary. The decision was made on the eve of the day British Prime Minister Theresa May triggered Article 50 of the Lisbon Treaty with the E.U. This has launched Great Britain’s official intention to leave the E.U. The insurance market made this decision in order to ensure a subsidiary will be in place…

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Trump’s flood insurance surcharge meets solid resistance from Jersey Shore

Marc
Hurricane Sandy Damage flood Insurance surcharge

Three federal lawmakers from that area say they will fight the proposal they’re calling unreasonable. Jersey Shore congressmen aren’t pleased about the proposed flood insurance surcharge the Trump administration has put forward. As a result they’ve said they intend to fight the proposal in order to stop what they feel is an unreasonable cost increase. The lawmakers said the surcharge for the insurance coverage will only cause more suffering. U.S. Congressmen Tom MacArthur (R-03), Frank A. LoBiondo (R-02) and Frank Pallone, Jr. (D-06) have agreed that the flood insurance surcharge…

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