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Top stories summarized by our editors
Top stories summarized by our editors

Study: P/C sector has seen a 14K drop in jobs this year

9/7/2021

The US property casualty insurance workforce declined by 14,000 jobs in the first six months of the year, according to a study by The Jacobson Group and Aon's Ward Group. The sector's unemployment rate is at 4.2%, rising from 2.2% at the end of 2020 but remaining below the overall US unemployment rate, Bureau of Labor Statistics data shows.

Report: Insurance sector's jobless rate rose to 2.5% in May

6/25/2021

The US insurance industry's unemployment rate for May was 2.5%, up from 2% in April but below May's overall jobless rate of 5.8%, according to an analysis of Bureau of Labor Statistics data by The Jacobson Group. The industry's workforce has declined by 15,000 jobs since February.

Report: Insurance sector's jobless rate rose to 2.5% in May

6/24/2021

The US insurance industry's unemployment rate for May was 2.5%, up from 2% in April but below May's overall jobless rate of 5.8%, according to an analysis of Bureau of Labor Statistics data by The Jacobson Group. The industry's workforce has declined by 15,000 jobs since February, and the property casualty sector accounts for about 4,000 of those job losses, the analysis found.

Tech advancements help lower natural-catastrophe claims

3/2/2017

Disruptive technologies are providing prompt and early alerts of disasters as well as monitoring and sensor systems for homes, among other advancements. Such technology helps insurance policyholders safeguard themselves and their property, thereby lowering the severity and quantity of claims, writes Dave Coons of The Jacobson Group.

Expert: Insurers must attract emerging talent as retirement rises

4/8/2016

The insurance industry is facing rising retirement rates, and companies need to have diversity staffing models and engage emerging talent to demonstrate the opportunities that are available, says Dave Coons of The Jacobson Group. The industry should look for valuable skills, including creativity, technical expertise, self-motivation, collaboration and customer-service abilities, he says.