West Insurance Employment: California Job Market to Stay Soft

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I suspect that insurance may mirror the larger market in some ways. Those with higher end degrees (J.D., MBA), designations (CPCU, ARM, etc.) and complex exposure experience in coverage and catastrophic claims will likely continue to be in demand. The industry has done a fairly poor job of developing talent in the past two decades. As some of the strongest people are closing in on retirement age, companies will be left scrambling to replace them. The hangover from the housing bubble has left many unwilling or unable to move, and this will add to the challenge. My recommendation is for the industry to revisit development and education initiatives (including leadership, coverage, and technical) so they have some pool to draw from internally.