Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
The new world of Internet job applications affects employer’s liability
Mar 26 2007 // Last year Monster.com had 22.5 million people post resumes on its Web site. Lockheed Martin claims that 50,000 applicants a month post resumes on its Web site. Microsoft boasts that 80,000 individuals place resumes on its...
Workers’ compensation bills head to House floor in Colorado
Mar 26 2007 // The Colorado House Business Affairs and Labor Committee has approved two workers’ compensation bills: one affecting employee’s choice of physician and another affecting firefighters. House Bill 1176 would...
Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern
Mar 23 2007 // “For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some...
Physicians’ Mutual’s CEO, Others, Draw Larger Salaries, Bonuses
Mar 14 2007 // The CEO of the company that provides medical malpractice insurance to 1,450 physicians in West Virginia got an 18.5 percent pay raise last year, boosting his total compensation to $429,750, according to a report filed with...
N.C.: Reynolds American CEO Received $6.4 Million Compensation Package
Mar 12 2007 // Susan M. Ivey, chairman and chief executive of Reynolds American Inc., received a compensation package valued by the company at $6.4 million for 2006, according to a proxy statement filed last week. Ivey received a salary...
Number of Texas Job Injuries, Illnesses Requiring Days off Work Drops
Mar 12 2007 // A total of 69,340 nonfatal occupational injuries and illnesses involving days away from work were reported in Texas private industry for 2005 according to the most recent data from the Bureau of Labor Statistics (BLS)...
Key New York workers compensation reform proposals
Mar 12 2007 // Key elements of the proposed reform package as released by Gov. Spitzer’s office are as follows: • The maximum weekly benefit for injured workers will be increased from $400 to $500 in the first year, $550 in...
Key New York workers compensation reform proposals
Mar 12 2007 // Key elements of the proposed reform package as released by Gov. Spitzer’s office are as follows: The maximum weekly benefit for injured workers will be increased from $400 to $500 in the first year, $550 in the...
Insurance Journal’s Exclusive 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...
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...
