Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
Compensation for employee benefits staff should mirror commercial lines
Mar 12 2007 // In our travels as consultants to the insurance industry, we have noticed that one of the more elusive “standards” or “norms” is compensation for employee benefits producers and staff. The difficulty...
What lies ahead for agency compensation? Agents could benefit from incentive pay plans replacing contigent income
Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
Job, education underwriting factors under scrutiny in N.J.
Mar 12 2007 // New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use of occupation and education as rating factors, insurers warned lawmakers at a legislative hearing...
New producer must have ‘skin in the game’ on the first day on the job
Mar 12 2007 // In almost every aspect of any business, the best day to do everything is the first day, especially when it comes to a new producer’s first day on the job. In order to make the most of the agency’s investment,...
Insurance Journal’s Exclusive 2006 Agency Salary Survey
Mar 12 2007 // More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission...
What lies ahead for agency compensation?
Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
N.J. Senate Panel Kills Bill to Ban Use of Education, Job in Rates
Mar 7 2007 // A bid to make it illegal for New Jersey auto insurers to use a driver’s job and education to decide rates failed Monday. The Senate Commerce Committee voted against releasing a proposal to ban car insurers from...
Insurers Warn N.J. Not to Restrict Use of Education, Job Status in Rating
Mar 6 2007 // New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use occupation and education as rating factors, insurers warned lawmakers at a legislative hearing this...
GEICO Adds 100 Jobs in Iowa
Mar 6 2007 // GEICO Insurance plans to add 100 workers to its Coralville, Iowa office, the company announced this week. The new jobs will be entry-level sales and service jobs, said Dina Pon, manager of GEICO insurance in Coralville....
Lloyd’s, FSA Approve Pembroke Managing Agency for Quanta
Mar 5 2007 // Bermuda-based Quanta Capital Holdings Ltd. announced that it has entered into definitive agreements with Chaucer Holdings PLC, the specialty Lloyd’s insurer, and the senior underwriting team of Syndicate 4000,...
Georgia’s Oxendine Defends Main Street Agents in Compensation Battle
Mar 5 2007 // Exclusive Video Interview Oxendine: Insuring Coast Against Wind, Big Insurers Georgia Insurance Commissioner John Oxendine, who was recently elected to his fourth four-year term, thinks Main Street insurance agents are...
Travelers O&G Rolls Out Emergency Response Plan for Managing Blowouts
Mar 5 2007 // Travelers Oil & Gas recently launched an emergency response planning guide for managing well blowouts that occur on U.S. oil and gas land drilling operations. According to the company announcement, it is the...
Disasters, Healthcare Challenges Spell Jobs for Actuaries
Feb 27 2007 // Actuaries, those number-crunching whizzes who help determine insurance premiums based on the odds of bad things happening, are in high demand these days, because new mathematical models are needed to respond to natural...
New producer must have ‘skin in the game’ on the first day on the job
Feb 26 2007 // In almost every aspect of any business, the best day to do everything is the first day, especially when it comes to a new producer’s first day on the job. In order to make the most of the agency’s investment,...
Insurers defend use of education, job criteria in rating in Florida
Feb 26 2007 // Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to predict...
Insurers defend use of education, job criteria in rating in Florida
Feb 25 2007 // News Currents Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to...
New producer must have ‘skin in the game’ on the first day on the job
Feb 25 2007 // In almost every aspect of any business, the best day to do everything is the first day, especially when it comes to a new producer’s first day on the job. In order to make the most of the agency’s investment,...
Building Materials Firm Sued Over Australian Asbestos Compensation Plan
Feb 22 2007 // Australia’s corporate regulator has launched a civil suit against building materials giant James Hardie Industries NV for allegedly misleading investors about the cost of compensating victims of its asbestos...
Insurers Dispute Fla. Criticisms of Education and Job Rating Criteria
Feb 16 2007 // The National Association of Mutual Insurance Companies disputed claims made by the Florida Office of Insurance Regulation that auto insurance companies use education and occupation underwriting criteria to charge higher...
Industry Defends Job, Education as Rating Factors in Fla. Inquiry
Feb 13 2007 // Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to predict...
