Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
Tower Group to Cut 140 Jobs After Q2 Loss
Dec 2 2013 // Tower Group International Ltd. is cutting about 140 jobs, or 10 percent of its workforce, after posting a second-quarter loss of more than $0.5 billion. Job cuts will be made in commercial lines underwriting and operations...
Mississippi Court Will Hear Electrocution Workers’ Compensation Appeal
Nov 26 2013 // The Mississippi Supreme Court will hear an appeal from a former Ripley alderman who lost both hands after being electrocuted. WTVA-TV in Tupelo reported that Lonnie Smith was working for the Tippah Electric Power...
Tower Group to Cut 140 Jobs After Q2 Loss Due to Reserve Charges
Nov 25 2013 // Tower Group International Ltd. is cutting about 140 jobs, or 10 percent of its workforce, after posting a second-quarter loss of more than $0.5 billion, with previously disclosed reserve and goodwill charges contributing...
Missteps in Employee Hiring Costly for Agencies: MarshBerry
Nov 25 2013 // For most lines of insurance business, commission income is growing and most insurance agents and brokers expect profits to be similar or better in 2013 compared to 2012. That’s according to the 28th Annual Market...
RiskPoint in Oregon names Schellenberg Managing Principal
Nov 21 2013 // Portland, Ore.-based RiskPoint Insurance Advisors LLC named Blake Schellenberg managing principal. Schellenberg becomes one of four managing principals for RiskPoint. He has experience in insurance, and in several other...
Louisiana Workers’ Compensation Corp. Promotes Johnson, Page
Nov 20 2013 // Louisiana Workers’ Compensation Corp. (LWCC) announced that it is aligning its Safety and Communications Departments, and has promoted Michael Johnson to communications manager and Michael Page as director of...
Workers’ Compensation Results Improved in 2012
Nov 19 2013 // The workers’ compensation industry’s results improved in 2012. Premiums grew for the second straight year, the combined ratio improved, and claims frequency declined at a faster rate than severity increased,...
WCRI: Workers’ Compensation Costs Per Claim Moderating in Pennsylvania
Nov 14 2013 // The costs per workers’ compensation claim in Pennsylvania are moderating, following years of steady growth in previous years, according to a new study by the Workers Compensation Research Institute (WCRI). The...
Japan Earmarks Additional $30B for Fukushima Clean-Up, Compensation
Nov 12 2013 // Japan’s government is finalising plans to borrow an additional 3 trillion yen ($30 billion) to pay for compensating Fukushima evacuees and cleaning up the area outside the wrecked nuclear plant, said people with...
Nationwide Insurance Recruiting New Agents in Texas
Nov 7 2013 // Columbus, Ohio-based Nationwide Insurance announced that the company is looking to add 100 new Advantage Program insurance agents in the Dallas, Fort Worth, Austin and San Antonio, Texas markets. Nationwide Insurance...
Talent War Continues: XL Hires AIG’s Miller to Oversee Global P/C Claims
Nov 4 2013 // XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, hired David Miller as senior vice president and head of claims for international property/casualty coverage. Miller joins from American International...
State Farm Likely to Move Some Bloomington, Illinois Jobs
Nov 4 2013 // State Farm Insurance Co. says it will likely move at least some of its claims services employees out of Bloomington, Ill. State Farm spokeswoman Holly Anderson said that the company told employees that the potential move...
Illinois Workers’ Compensation Medical Care Costs Declining: WCRI
Nov 4 2013 // The costs of medical care to treat injured workers in Illinois are declining, the result of regulatory change enacted in 2011, according to a new study by the Workers Compensation Research Institute (WCRI). The report,...
Illinois Workers’ Compensation Medical Care Costs Declining: WCRI
Oct 28 2013 // The costs of medical care to treat injured workers in Illinois are declining, the result of regulatory change enacted in 2011, according to a new study by the Workers Compensation Research Institute (WCRI). The report,...
Managing Nanotechnology and Other Emerging Risks
Oct 21 2013 // Insurers need to learn how to manage new risks, not just exclude them, and actuaries can help. Since the mid-1980s, casualty insurance has shrunk as a share of gross domestic product. Insurers have been able to push...
Hard Work Is Not the Only Key to Producer Success
Oct 21 2013 // Insurance sales success can be like a game of tennis. Many summers ago I fell in love with the game of tennis. For the next six years, I played every day possible. One of my limitations was that living in Colorado, winter...
Recruiting and Retention in the New Economy
Oct 21 2013 // We made it! We survived the economic instability of the past few years and have more than rebounded. The insurance industry is well ahead of the greater economy; and the picture painted by our labor market is much...
Florida Enters Era of Workers’ Compensation Market Stability
Oct 21 2013 // Florida’s workers’ compensation system has reached a rare state of rate stability, according to insurers and officials. The agency, the National Council on Compensation Insurance, filed for a one percent...
Report: Louisiana Could Have More Than 2M Jobs in 2015
Oct 18 2013 // Growth in the Lake Charles and Baton Rouge, La., areas is expected to help boost employment in Louisiana to an all-time high of more than 2 million jobs in 2015 in spite of plodding national growth, a new report...
Multimillion Dollar Workers’ Compensation Fraud Probe Leads to West Virginia Bank
Oct 17 2013 // A federal investigation into a multi-million-dollar workers’ compensation scheme extended to the Bank of Mingo in southern West Virginia, where authorities seized computer hard drives and documents. FBI Special Agent...
