Great Recession News

Pennsylvania Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam

An insurance agent pleaded guilty Thursday in a promissory note scam that bilked nearly 80 clients out of $8.2 million. John Hogan, 77, of Swissvale, Penn., entered his pleas to five counts of mail fraud in the scheme run out …

95% of Post-Recession Jobs Went to College Educated: Study

Out of the 11.6 million jobs created in the post-recession economy, 11.5 million went to workers with at least some college education, according to newly research from the Georgetown University Center on Education and the Workforce. Of these jobs, 8.4 …

Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey

Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline, according to a survey completed by Xuber, the insurance software business …

Southern California’s Construction Sector Continues to Heat

Southern California’s construction sector continues to gain momentum, making good on positive outlooks issued late last year, and agents and brokers who deal in this segment can’t be any happier – especially those who remember the historically rough times that …