Live Insurance News

209,000 California insurance jobs could disappear from ACA repeal

January 13, 2017January 12, 2017 G. Turner

The state has hired former U.S. Attorney General Eric Holder as outside counsel to overcome this challenge. As the Republican party launches its efforts to deconstruct the Affordable Care Act (ACA), a recent study suggests massive damage to California insurance jobs. In fact, the research indicated that the state could see losses of over 200,000 insurance and health care positions from an ACA repeal. Repealing the federal health care reform could also slash an annual $20.5 billion from the California economy. These forecasts were produced by the UC Berkeley Center…

Insurance brokers start charging fees to compensate for missing commissions

November 15, 2016November 11, 2016 Nordstrom

These industry professionals have also been limiting their new clients as a strategy to keep up their incomes. Traditionally, insurance brokers have made a significant portion of their earnings via health insurer commissions. However, when it comes to the sale of health plans, considerable changes have been made recently in Massachusetts. Health insurance companies have either eliminated or sizably reduced their commissions to brokers. Therefore, this has forced many brokers to seek new ways of generating an income for the first time. For a large number of brokers, this has…

Millennials aren’t interested in insurance jobs, despite the openings

March 23, 2016March 22, 2016 Julie Campbell

A recent Hartford survey has revealed that this generation simply doesn’t seem to want to be a part of it. Employment may be improving in many regions across the country, but it remains a challenge for many, and despite the fact that insurance jobs are widely available, Millennials don’t seem to want them. The insurance industry is scrambling to try to find qualified, driven people to fill its many job openings. The industry has taken it upon itself to try to change the lack of interest the Millennial generation has…

Is China’s industry ready for the insurance agents influx?

November 30, 2015November 28, 2015 G. Turner

Some wonder if such a large amount of hiring is heightening the risk of mis-selling problems. As the number of insurers takes off in China – particularly as the country has opened its doors to providers from other countries – has been taking off and this has caused the need for insurance agents to skyrocket. The glut of hiring that has been occurring in the country is fantastic for people who want to work in the insurance industry. That said, there are some experts in the industry who are forecasting…

Allstate announces good insurance news by meeting important goals

October 2, 2015September 30, 2015 Julie Campbell

The insurer has reached some of its long-term sustainability and social impact goals. Allstate has released some positive insurance news through its 2014 Corporate Responsibility Report, in which it underscored some of its central milestones that the insurer has achieved based on some of the key commitments that it has made. These milestones have been a part of the insurance company’s ongoing efforts to address some serious societal issues. Among the issues being addressed are safe driving among teens, domestic violence, and environmental sustainability. At the core of Allstate’s insurance…