A new billionaire was minted every 17 hours over the past year as their number reached an all-time high in Forbes’ annual list of the world’s wealthiest people. Overall, the media giant confirmed 2,755 billionaires in 2021, up by 660 from the previous year.
The monster tornado that destroyed the town of Mayfield, Ky., during last weekend’s deadly outbreak in the Midwest and Southeast may have traversed four states without ever lifting off the ground.
More than a quarter of finance and insurance professionals took the bait when a phishing email hit their inboxes, said a study from a Laval, Quebec-headquartered security awareness training firm.
The job of an insurance underwriter is complex on many levels and requires a highly skilled workforce. Underwriters must possess a combination of actuarial, risk management and people skills to assess complicated policies or claims in a highly collaborative and customer-centric environment.
Education at some of the nation’s leading risk management and insurance schools is changing to keep pace with trends driving the industry as educators add courses and content to remain relevant.
Attorneys and insurance adjusters have difficulty in cases where flooding occurs because it is difficult to determine if a floor needs to be replaced or if it can be repaired.
In addition to the lack of job growth, there are still 11 million unfilled jobs. Along with flat job market participation, there is also rapid wage growth. CEOs in every industry are saying that, more than ever, retaining talent and finding quality candidates is their number one priority and one of their greatest business challenges going into 2022.
The contiguous United States has seen a near-record number of tornadoes spawn this October -- and the reason may stem from an "unusual event" that occurred in the Pacific Ocean.
If you didn’t quit your job this year, chances are you’re thinking about it: 41 percent of the global workforce is considering leaving their employer this year according to a Microsoft study.
People don’t necessarily think about a career in insurance from the time they are five years old. So, how do we reach today’s job seekers? Many of them are less interested in job title and more interested in mission.
On September 28, 2001, I hit the 40-year mile marker and it hit me back. I was not ready to be ‘middle-aged.’ I felt like I had fallen ‘behind the chains,’ to use a football term. I had ground to make up.
The past 18 months have brought on new challenges and evolving workplaces for virtually all industries. Now, in the midst of what many are calling ‘the Great Resignation’ of the workforce, the insurance industry is experiencing more of a ‘Great Reshuffle.’
As insurers let enabling technologies such as artificial intelligence handle an increasing share of claims, companies should enhance the capabilities and broaden the roles of claims professionals to reap the benefits of advanced tools while maintaining personal engagement at moments that matter.
