The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property insurers, it puts insurance consumers at risk as well, says a …
The article Attorney: Hail Claims ‘Cottage Industry’ Bad News for Texas appeared first on Insurance Journal.
FedEx has lost a round in employment practices litigation over whether or not its drivers are employees of the company under Kansas labor statutes. On July 8, the U.S. Court of Appeals for the 7th Circuit agreed with the findings …
The article U.S. Court Sides with Kansas Drivers in FedEx Employee Status Case appeared first on Insurance Journal.
A Texas appeals court has ruled that an insurer can’t recoup premium taxes reluctantly paid on reinsurance agreements with two public employee self-insured risk pools on the grounds that the risk pools aren’t insurers. In a case appealed from a …
The article Texas Court Denies Insurer’s Reinsurance Tax Break Argument appeared first on Insurance Journal.
A study of social media posts of millennials — those aged 20 to 35 — found that when this group shares financial concerns online their anxiety decreases significantly even when a purchase or transaction is a completely new experience. To conduct the …
The article Study: Social Posts Provide Clues to Millennials’ Attitudes appeared first on Insurance Journal.
A global insurance company is teaming up with a Chicago-area community college to create what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an industry standard in this country for …
The article Illinois’ Harper College to Host Zurich’s Apprenticeship Program appeared first on Insurance Journal.
A new study shows that insurance agencies that use technology in sales and marketing, managing customer relationships and other sales processes sell 43 percent more policies per producer than agencies that rely less heavily on technology. And the gap between …
The article Study: Agencies that Use Technology Experience More Growth appeared first on Insurance Journal.
A survey of high growth insurance firms conducted and released late last year by a Texas-based consultant found that such organizations hire differently and produce business differently than low growth firms. They also make use of specialized skills and research …
The article High-Growth Agencies Build Business Differently: Survey appeared first on Insurance Journal.