Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs
Oct 16 2024 // Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates. Michael...
Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%
Oct 15 2024 // Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease...
Enhancing Workers’ Compensation and GL Underwriting with Underwriter Link
Oct 15 2024 // This post is part of a series sponsored by Selectsys. In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while...
Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth
Oct 9 2024 // A Virginia man pled guilty to embezzling funds from his former employer, a fund that provides financial assistance to families of infants who suffer from brain or spinal cord injuries, reports the U.S. Attorney for Eastern...
Strategies to Recruit Insurance Producers in Today’s Job Market
Oct 7 2024 // A surprising question about recruiting emerged in 2024. Insurance agencies have consistently asked me, “What are you seeing in the market for insurance producers?” The fact that agencies are looking for...
Owner Compensation Performance Based – Part One
Oct 7 2024 // The amount of money an owner makes is directly proportional to the perceived importance, or success, to the person taking the money home. It is well known that there are factors that dilute this rule, but it still is a...
Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI
Oct 1 2024 // The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation...
Connecticut Workers’ Compensation Costs to Drop Again in 2025
Oct 1 2024 // Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the...
A ‘Real Race for Talent’ in E&S Industry, Says WSIA’s Kelley [Video]
Sep 25 2024 // Brady Kelley, president and CEO of the Wholesale & Specialty Insurance Association, said the organization has been doing a lot to promote the E&S segment in hopes of attracting talent “There is no doubt a...
People Moves: BHSI Launches in Italy, Names Country Leader, Key Team Members; QBE Iberia Names Díaz-Guardamino as Managing Director
Sep 23 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and QBE Iberia. A summary of these new hires follows here. BHSI Launches in Italy, Names Country Leader and...
‘No’ Is Not an Option for E&S Brokers Managing Busy Times – Young E&S Pros Share Views on Surplus Lines
Sep 16 2024 // Wholesale insurance teams are up for a challenge, and they need to be. Rising rates, shrinking appetites, hurricanes, wildfires and increased demand mean those working in the excess and surplus (E&S) sector are facing...
VW Scraps Three-Decades-Old German Jobs Pledge to Cut Costs
Sep 10 2024 // Volkswagen AG is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions as the country’s most important industry fights for its future. The manufacturer...
New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025
Sep 6 2024 // The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average. The new lower rates will apply to voluntary...
People Moves: Brit Names Guy Carpenter’s Stephenson to Lead Bermuda Expansion; HDI Global Taps Geis From Allianz as Managing Director for Germany
Sep 5 2024 // This edition of International People Moves details appointments at Brit Ltd. in Bermuda and HDI Global in Germany. A summary of these new hires follows here. Brit Names Guy Carpenter’s Stephenson to Lead Bermuda...
Michigan Court: Businesses Can’t Get State Compensation Over Pandemic Closures
Sep 3 2024 // DETROIT (AP) — The Michigan Supreme Court on Friday shut the door on businesses seeking to be paid by the state for restrictions that harmed sales during the COVID-19 pandemic. The court, in a pair of 5-2 orders, let...
Thinking About Hiring an Internal Recruiter? Here’s Our Advice to Get You Started.
Sep 2 2024 // In 2015, my partners and I started the buy-out process at Capstone. In 2018, the purchase was complete, but the real work had just begun. We thought about how to grow the company, which included hiring additional...
Managing Management Liability Risk in Today’s Market
Sep 2 2024 // The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased competition has pushed rates down significantly. But the segment faces growing risks from regulatory...
UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says
Aug 30 2024 // An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by...
New Jersey Raises Workers’ Compensation Attorney Fee Cap to 25%
Aug 26 2024 // New Jersey has raised the cap on fees for attorneys handling workers’ compensation cases from 20% to 25% of settlements. The primary sponsors of S2822/A3986 were Senator Joseph Lagana and Assemblymen Anthony Verrelli...
Medicare Prescription Drug Costs: Strategies for Managing Expenses
Aug 20 2024 // This post is part of a series sponsored by Trucordia. Trucordia Senior Benefits Practice Leader, Jason Milz, shares how partnering with a licensed insurance agent helps you effectively manage and reduce your prescription...
