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Recent News
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Over 500 Jobs To Be Cut At 21st Century Insurance
...mail communications. Read more in our California's largest auto insurer, Farmers Insurance Group plans to slash hundreds of jobs by the end of year. Most of the jobs will be cut at the offices of its newly acquired 21st Century Insurance unit in Woodland Hills. Farmers plans to cut 554 jobs by the end of 2009 and a total of 750 by the end of ... 979 employees. Farmers completed its purchase of 21st Century from troubled insurance giant American International Group Inc. on July 1. Some of the displace workers may be offered jobs at 21st Century's executive offices in Wilmington, Del., while ... -
Farmers Insurance to slash workforce at 21st Century unit in Woodland Hills
... Group, said Thursday that it planned to slash jobs at the offices of its newly acquired 21st Century ... completed its purchase of 21st Century from troubled insurance giant American International Group Inc....home, auto, life and other insurance products with a network of agents -- added 21st Century.... Some of the displaced workers could be offered jobs at 21st Century's executive offices in Wilmington,... Financial Services Ltd. of Switzerland, is a major employer with about 5,200 employees in the Los Angeles area... money. The wave of bad publicity sent sales skidding, leading to a round of layoffs and... -
Nigeria: Naicom Targets 250, 000 Jobs For Insurance Sector (Page 1 of 1)
... a medium term plan in the Nigeria insurance industry which will generate employment for 250, 000 Nigerians by 2012. Daniel said this yesterday in Abuja at the launch of "the Nigeria Insurance Market Development and Restructuring Initiatives (MDRI...by NAICOM. The project launch was attended by chief executives of Insurance firms in the country. He said when fully implemented,...He noted that "between 1987 and 2004, 16 insurance products were made compulsory in Nigeria but ...are very prominent and capable of generating 55% of the insurance industry premium income but because products ... -
NFIB: Employer-mandated insurance is "regressive" tax
The small-business community is split on how it will be affected by a proposed mandate that would require employers to provide health insurance for workers or pay an 8% payroll tax. The mandate will cause the private insurance market to collapse, says Tony Gagliardi, NFIB/Colorado. Many small businesses that now pay 10% to 11% of their payroll for insurance would cut back, he says. "We just don't believe it's government's role to be involved in our health care system," he said. Designed specifically for small and independent ... -
Unemployment Insurance Open Thread
... maneuver their way through Illinois' unemployment insurance bureaucracy. Many folks have asked ... going. Below is a piece of literature from the Illinois Department of Employment Security that provides basic information about eligibility and... eligible to receive 26 weeks of state-backed insurance. Once that is exhausted, an Illinois worker can ...demonstrating they are undergoing a "sustained and systemic" job search. This includes personally contacting at least five employers and filing at least three resumes ...see no improvement of employment opportunities and have been looking for a job full time.... -
Number Of Employment Insurance Beneficiaries In Canada Up 5.1 Percent In June
The number of Canadians receiving Employment Insurance benefits is still rising, indicating Ottawa will continue to grapple with the issue which the Liberal Party wants to use to force a federal election. According to Statistics Canada, in June the ... yielded an 18.8 percent rise, which is lower than the 25.2 percent hike for the first quarter of 2009. Reckoned from October 2008 when employment was at its peak across Canada, the number of EI beneficiaries have jumped by 63.2 percent or 316,300 unemployed Canadians. Among the subgroups that continue to ... -
Florida's unemployment insurance trust fund runs out of money
Florida's unemployment insurance trust fund has run out of money, forcing the state to tap a federal loan to ...State officials stressed there will be no immediate effect on those receiving unemployment insurance. "There will not be any delay or lapse in payments. They will continue to..."absolutely" be sufficient. Florida's unemployment trust fund is intended to be self-sustaining. Employers are taxed every quarter on the first $7,000 in wages per employee. Historically, ... funds and pay back the federal loans — options such as raising employer taxes, tightening eligibility or cutting benefits. -
Health Reform, Employment Cloud Insur...
Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit BY JOHN JANNARONE With lawmakers at loggerheads over the health-care overhaul, some of the industry may end up being spared. Do insurers still have dues to pay? After being crushed by uncertainty over their future, health insurers have seen their stocks recover in recent months. And valuations appear cheap, with Aetna and WellPoint trading at ... -
Employer Health Insurance Costs Keep Rising
iStockphoto.com ) Big insurers surveyed by Aon Consulting figure the cost of health coverage provided by employers will rise more than 10 percent . Your boss might make you pay more to get coverage, reduce your benefits or dole out a smaller raise (if anybody even gets those anymore). Costs are rising as workers and retirees still covered by employer plans get older. Higher medical costs and greater demand for services are also factors, says an Associated Press on the findings. Looking for some good news? Well, cost increases are slowing a tad. In the spring of 2008, the expected ... -
Guest View: Dismantling employer-based insurance system is wrong approach
...sponsored coverage through the tax code by recognizing that insurance premiums paid on behalf of workers is a business ... competitive. For individuals, there are a multitude of advantages to employer-sponsored coverage, not the least of which... encourage the provision and acceptance of employer-sponsored health insurance, the premium payments made... income. This exclusion from taxation is a significant benefit of employer-sponsored coverage. The actual cost of coverage...'t access-it's affordability. It is important to remember that health insurance is a financing mechanism for health care. As the cost... -
Insurance Company To Hire 100 Agents
An insurance company will hold a job fair event on Tuesday in order to hire more than 100 agents. The Liberty National Life Insurance Company will hold a hiring event at noon on Tuesday the Holiday Inn at 8787 Reeder Road. The company is advising job seekers to arrive 15 minutes early to fill out paper work. Liberty said it wants to hire more than 100 sales agents and sales management positions as they expand into Kansas City. The company said it will provide complete training and "an opportunity for rapid advancement." They said the average first year income is $61,671. -
Canadians Receiving Employment Insurance Jumps 5.1% (Update1)
The number of Canadians on employment insurance rose in June, led by the western provinces of Alberta and British Columbia. The number of unemployed people receiving regular benefits advanced 5.1 percent in June from May to 816,630, Statistics Canada said today on... program, and the data covers the week of June 14 to June 20. Prime Minister and Bank of Canada Governor Mark Carney have said the country's job market will continue to worsen this year, even as Canada's first recession since 1992 is expected to end. The central bank cut its key interest rate to a ... -
Lloyds to Eliminate 200 Jobs in UK In...
Lloyds Banking Group Plc, the U.K.'s biggest mortgage lender, plans to eliminate about 200 British jobs in its general insurance unit, bringing the total cut to more than 8,000 this year. The reductions in Newport, Gwent and West Yorkshire will be made by the end of... and sensitively and will seek to use natural turnover and redeployment wherever possible," said , Lloyds managing director of general insurance in the statement. Lloyds, 43 percent-owned by the government, is reducing employee numbers this year following its acquisition of... -
More Canadians Receiving Employment Insurance Benefits
(RTTNews) - 816,600 Canadians received regular Employment Insurance (EI) benefits in June, up 5.1% from a month earlier, according to data released Tuesday by Statistics Canada. Provincially, the largest percentage increases occurred in Alberta, British Columbia and Newfoundland and Labrador. During the second quarter of 2009, the number of beneficiaries increased 18.8%, down from the growth rate (+25.2%) during the first quarter. Since the Canadian labor market began to deteriorate last autumn, the number of people receiving EI benefits... -
Lloyds cuts 200 jobs in general insurance division
Lloyds Banking Group PLC said Tuesday it plans to cut 200 positions in its general insurance business, bringing the total number of job losses at the bank this year to 7,500. The bank, which is 43 percent owned by the ...reviewing its decision to close its Cheltenham & Gloucester subsidiary, possibly saving 833 jobs. "We have no confidence in this bank's confused strategy," said Rob MacGregor,... bank and it must end." Philip Loney, managing director of Lloyds General Insurance unit said the bank recognized "that this is difficult news for our affected colleagues." "...
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