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…
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Digital Insurance Inc. offers complimentary healthcare reform webinar
The top employee benefits agency for speed of growth, Digital Insurance Inc., has sent out invitations for a free webinar that they have entitled “The Agency of the (Not So Distant) Future”, which will be held on Thursday, November 3, at 2 pm. The chief marketing officer and executive vice president of Digital Insurance, Mike Sullivan, will be using the seminar to make a presentation of his vision of the successful agency of tomorrow, and to go over the type of knowledge and infrastructure that will be required in order…
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…
Read MoreIdaho health insurance exchange, Insurance Commissioner notes that it may cost insurance agents their jobs.
The debate on whether to pursue federally mandated health insurance exchanges continues in Idaho. The state has stood divided on the issue since Congress passed the Affordable Care Act back in 2010. Opponents of the health care overhaul say that the changes to health care are unconstitutional and have resisted efforts to establish an insurance exchange in the state. Many have gone so far as to reject monetary aid from the government for the initiative. Governor C.L. Otter, backed by several lawmakers, now says that time is growing short and…
Read MoreAllstate’s 2011 agency owners and salespeople to grow by over 230
Michigan’s sixth largest car insurance provider, Allstate, has announced that it will be appointing 35 new agency owners this year, in addition to hiring in excess of 200 licensed sales employees. The new agency offices will be located in Lansing, Metro Detroit, Grand Rapids, Ann Arbor, Flint/Saginaw, and Kalamazoo. Agency sales leader for Michigan, Chris Markey, released a statement which said that they have identified a sizeable “opportunity in the current economy to attract entrepreneurs and mid-career, mid-level managers who are looking for a business opportunity with a recognized brand.”…
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