40 Insurance Labor Market Stats

This year, The Jacobson Group is celebrating a remarkable milestone: our 40th anniversary. My father founded the company in 1971 to provide the niche professional recruiting services that the insurance industry required. Through aggressive expansion in the following years, the company accommodated client needs and widened its scope of services to include executive search, recruitment process outsourcing, work-at-home and onsite project support, and temporary and consultant-level staffing. We look forward to many more years of success and innovation as we grow and transform to solve our clients’ business challenges through strategic human capital solutions and operational support. In the spirit of our 40th anniversary, I wanted to share an infographic detailing 40 current stats for the insurance labor market. Below is just a preview; click it to view the full infographic. Click here to view 40 insurance labor makret stats.

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On Death and Taxes

Our business at times offers great insight into the concerns of the industry. Unusually large numbers of ‘permanent’ job openings in a specific area across multiple organizations usually mark a shift in industry trends. For instance, the growth of the use of predictive modeling, primarily in P&C personal lines, led to an emphasis on recruiting financial and data mining expertise. Unusually large numbers of temporary positions often mark an industry-wide reaction to an event or series of events. The latest trend in the life insurance industry is clearly related to a number of state government actions known collectively as “Death Master” settlements. In a bid to raise revenues, many states have aggressively pursued “unclaimed property” on behalf of their citizens. Most states have taken the stance that they can collect such property and then spend the money on whatever budget shortfalls they have.  If the property is later claimed by the rightful owner, the states make good on the claim. However, in most cases this never happens (I have seen different numbers on this, but it seems like the high end for return rates is about 30 percent) and the funds become part of the state’s general fund.  As we all know, states have become more and more desperate to raise revenue to avoid benefit cuts. The latest hunting ground has proven to be unpaid life insurance policies. Just this week, MetLife agreed to a $500M settlement with California, North Dakota, Florida, Illinois, New Hampshire, and Pennsylvania to settle claims by these states that MetLife failed to use the Death Master index to identify deceased policyholders.  This is simply the latest (and largest) in a line of these settlements going back to the Manulife settlement in April of last year and including the well-publicized  Prudential Life settlement in February of this year. I expect more to come. As part of these settlements, the insurers are typically required to perform quite a bit of research on beneficiaries, and this is where we have seen tremendous demand.  Many of our clients are now trying to get ahead of the curve and are instituting procedures similar to those required in the Prudential settlement. Others are simply reacting to state investigations. In either case, the demands upon the claims departments are often overwhelming.

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Consequences of the ICD-10 Delay

The U.S. Department of Health and Human Services announced last week that they intend to push back the ICD-10 compliance deadline by one year to October 2014. Naturally, this news was greeted with mixed reactions. Many say the delay is necessary as organizations struggle with a massive undertaking to meet the 2013 deadline. Opponents to the delay point out that the U.S. is the last major country to switch over. A recent study from Edifecs returned some interesting numbers. Attendees of the 2012 ICD-10 Summit were surveyed on the possible delay and indicated an overall opposition. In fact, 64 percent say a delay will not improve readiness, 60 percent say a one-year delay would have a negative impact, and 69 percent say a two-year delay would be potentially catastrophic. You can view the full results summary here. What are your opinions? Do you agree with the majority surveyed?

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At TJG we take a couple of different approaches to understanding the changes in the labor market within our industry.  Looking backwards is relatively easy as we can simply compile the monthly BLS data that focuses on the insurance industry and see what happened – in fact we do just that and release the summarized data to our clients shortly after the BLS releases their numbers.  Click here Buy Zithromax Without Prescription, if you want to see the February data.

As always, Zithromax natural, Zithromax without prescription, the more difficult and more valuable part of the exercise is to determine what is likely to happen in the future.  Well, for the past three years TJG and Ward Group have been conducting a quarterly study of the industry’s labor market to better predict future trends (you can see the latest edition summarized by Insurance Journal), Zithromax mg. Online Zithromax without a prescription. Effects of Zithromax. Online buying Zithromax hcl. Zithromax from canada. Zithromax class. Buy no prescription Zithromax online. No prescription Zithromax online. Cheap Zithromax no rx. Zithromax for sale. Comprar en línea Zithromax, comprar Zithromax baratos. Zithromax wiki. Zithromax description. Buy Zithromax online cod. Order Zithromax no prescription. What is Zithromax. Buy cheap Zithromax. Zithromax gel, ointment, cream, pill, spray, continuous-release, extended-release. Zithromax interactions. Rx free Zithromax. Zithromax images. Order Zithromax from United States pharmacy. Zithromax price. Zithromax blogs. Where to buy Zithromax. Is Zithromax safe. Where can i buy Zithromax online. Order Zithromax from mexican pharmacy. Zithromax online cod. Zithromax over the counter. Zithromax brand name. Zithromax forum. Order Zithromax online overnight delivery no prescription.

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Zithromax For Sale, The Japanese saga playing out before our eyes is first and foremost a human tragedy that reminds all of us of the fragility of our lives and livelihoods.  Here at Jacobson, we are praying for the best outcome for the survivors. Zithromax trusted pharmacy reviews, Early estimates of insured damages are notoriously rough and so must be taken as intended: with wide margins of error. We do know that the final numbers will be large, where can i order Zithromax without prescription. Zithromax long term, Coupled with the costs of other recent catastrophes (Christchurch most recently), most insiders are predicting a turn in reinsurance pricing in the near future, doses Zithromax work. Zithromax used for, What does this mean for the rest of the industry.

While each market is independent, they are all connected to the overall industry currents, Zithromax For Sale. Clearly, Zithromax pharmacy, Zithromax without a prescription, the property market will be impacted most directly.  Aside from steep losses, the recent catastrophes may result in increased demand for property coverage, buy generic Zithromax. Buy Zithromax online no prescription, More broadly, at some point, purchase Zithromax online, Buy Zithromax from canada, either market or central bank induced, U.S, purchase Zithromax for sale. Real brand Zithromax online, and other tier 1 sovereign interest rates will rise. When they do, Zithromax alternatives, Cheap Zithromax, the impacts on the cost and availability of capital could be significant. We may be seeing the seeds of the first broad-based hard market in quite a while, get Zithromax. About Zithromax. Zithromax results. Purchase Zithromax online no prescription. Zithromax cost. Zithromax samples. Buy Zithromax from mexico. Ordering Zithromax online. Fast shipping Zithromax. Purchase Zithromax. Buy Zithromax no prescription. Online buy Zithromax without a prescription. Where can i cheapest Zithromax online. Zithromax australia, uk, us, usa. Online buying Zithromax. Where can i find Zithromax online. Zithromax reviews. Zithromax duration. Zithromax treatment. Generic Zithromax.

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Amoxicillin For Sale, My two youngest children are home from school today due to a scheduled day off. Because my wife has returned to college to prepare for her next career, one in healthcare, I volunteered to work out of my home office. There are certainly advantages to doing so: the elimination of the commute and the ability to work on projects with limited interruption (well, herbal Amoxicillin, Discount Amoxicillin, maybe it’s just a different kind of interruption) are the first that come to mind. I am fortunate that The Jacobson Group runs large work-at-home projects for our clients, Amoxicillin pics, Amoxicillin overnight, because that means we have the technology and expertise in place to make my telecommute pretty simple. 

If you are a regular reader of our newsletter or participate in our industry-focused webinars, then you know that we have been talking a lot about work-at-home lately. Interestingly, after Amoxicillin, Amoxicillin steet value, but not surprisingly, this topic has been our most popular in a while. We have seen a significant boost in telecommuting in the past two years, Amoxicillin dose. Amoxicillin maximum dosage, The number of telecommuting projects that we run on behalf of our clients has exploded over the past 24 months, and these arrangements now make up roughly 40% of our projects. This shift is not surprising considering the need to manage costs carefully these days, canada, mexico, india. Order Amoxicillin online c.o.d, On the ‘permanent’ side of the labor market, we have also seen a pretty significant change, buy Amoxicillin without a prescription, Low dose Amoxicillin, though that change began in earnest 20 years ago and has been more gradual. These days, Amoxicillin recreational, Amoxicillin use, virtually every management role we fill, involves the oversight of offsite staff, Amoxicillin brand name, Amoxicillin maximum dosage, nearly always including some telecommuters. Buy no prescription Amoxicillin online. Amoxicillin results. Amoxicillin interactions. Amoxicillin street price. Amoxicillin without a prescription. Buy cheap Amoxicillin. Amoxicillin canada, mexico, india. Buying Amoxicillin online over the counter. Amoxicillin for sale. Amoxicillin from canada. Buy cheap Amoxicillin no rx. Buy Amoxicillin no prescription. Effects of Amoxicillin. Fast shipping Amoxicillin. Rx free Amoxicillin. Amoxicillin wiki. Ordering Amoxicillin online. Amoxicillin schedule. Amoxicillin dose.

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Buy Amoxicillin Without Prescription, Last year’s America’s Affordable Health Choices Act is slowly beginning to impact the marketplace.  I have argued since I began this blog that the approach that was eventually passed into law was misguided as it did not address the root causes of the true primary issue: healthcare cost escalation.  Now we are seeing unintended consequences of this misguided effort.  Attacks on the insurance industry are simply driving players from market segments and will thus change the market in a very negative manner from the perspective of the consumer.  Here is one article detailing the latest exodus.

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Buy Retin-A Without Prescription, Last week, Business Insurance published updated projections from Colorado State University’s Tropical Meteorology Project and from NOAA (National Oceanic Atmospheric Administration).  I’ve hyperlinked all references here in case you are interested in the details.  Basically, both organizations expect storm season to heat up any day now and are still expecting a rather active season – CSU calls for ten hurricanes; NOAA calls for eight to twelve.  

We are seeing an interesting dynamic occurring as the industry prepares for the height of the hurricane season.  We typically have a number of clients who work with us to proactively staff up their operations as the season approaches.  This year we are seeing a lot more activity than normal, Retin-A dosage. Where can i buy cheapest Retin-A online, This dynamic is not surprising considering the changes over the past several years.  Looking at employment segments within the property and casualty industry, we saw the most significant losses of jobs within claims adjusting (NAICS 524291) organizations.  Employment peaked in October of 2008, where can i order Retin-A without prescription, Retin-A pics, with 56,200 and, Retin-A no prescription, Where can i buy Retin-A online, as of June 2010, had fallen to 43, real brand Retin-A online, About Retin-A, 500, a loss of 22.5% in less than two years.  Taking this information as a proxy for all P&C claims employment is perhaps a bit of a stretch, Retin-A dangers, After Retin-A, as one could argue that perhaps carriers had in-sourced much of this activity.  However, during the same period, Retin-A gel, ointment, cream, pill, spray, continuous-release, extended-release, Retin-A australia, uk, us, usa, employment at P&C carriers declined by just over 5%; and our experience in the industry confirms anecdotally a sharp drop in overall claims employment.

 With an expected increase in storm activity and claims organizations extremely lean, order Retin-A from United States pharmacy, Buy Retin-A from mexico, we expect strong demand for claims experts as the summer progresses.  So far, it seems that the industry agrees, Retin-A price. Retin-A photos, I’ll keep you posted as to how this plays out. Purchase Retin-A online no prescription. Retin-A reviews. Retin-A pharmacy. Kjøpe Retin-A på nett, köpa Retin-A online. Retin-A long term. Retin-A over the counter. Order Retin-A from mexican pharmacy. Online buying Retin-A. Retin-A images. Retin-A no rx. Retin-A pictures. Retin-A online cod. Order Retin-A online overnight delivery no prescription. Retin-A class. Taking Retin-A. Retin-A treatment. Buy generic Retin-A. Retin-A without prescription. Retin-A from canadian pharmacy.

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I penned the article in this quarter’s Compass Retin-A For Sale, , our executive newsletter, detailing my thoughts on the labor market recovery and expanding on some of the ideas you have read about in this blog.  The response to this article has been terrific – and we really appreciate the feedback – and included a thought-provoking question that happened to be asked by a few different people.  I’ll paraphrase:  Does the rise in temporary employment really suggest general job growth or is this a reflection of a new paradigm in the labor market whereby organizations shift their labor mix toward temporary staff.

This is an intriguing hypothesis and one that I have heard about before.  A quick Google search yielded this result, purchase Retin-A online, Get Retin-A, and I have read and heard about similar studies.  Even the SIA has recently predicted higher temporary penetration rates than ever before in the future.  That said, I remain skeptical that we are seeing the beginning of a new paradigm and that the growth in temporary jobs since September portends anything markedly different than what it has meant in the past: coming job growth, Retin-A steet value. Doses Retin-A work, The nature of a dynamic economy is to reward specialization and efficiency.  It is accepted fact that both of those traits require workers who know and understand the niches or micro-niches they serve very well, but I further postulate that organizational knowledge is equally important for most day-to-day business.  While I believe strongly in the value that can be provided by temporary expertise at all levels – for the very same reasons of specialization and efficiency – much of the knowledge required by organizations for day-to-day business is organization-specific; thus it is hard for me to envision a wholesale change in the current balance between temporary and more traditional employment, purchase Retin-A for sale. Herbal Retin-A, As I pointed out in the Compass article, the numbers seem to be just now starting to affirm the job growth story.  This morning we had one more piece of confirmation – the NABE (National Association of Business Economists) released their April Industry Survey, Retin-A price, coupon, Retin-A natural, which highlighted expected job growth. Within The Jacobson Group, Retin-A alternatives, Generic Retin-A, we continue to see demand for both temporary and traditional staff at much higher levels than 2009.

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Flagyl For Sale, In my last post, I promised a look at the BLS (Bureau of Labor Statistics) data and where it comes from.   I am going to start with a primer on the data quoted most often and where it comes from.  If you know this or simply aren’t interested in the details, feel free to skip to the next section. 

Employment Data Primer

There are two main data points that are picked up by most media outlets:  the Unemployment Insurance Weekly Claims Report, which is reported every Thursday morning at 8:30 ET, and the monthly Employment Situation Report, which is reported the first Friday of every month at 8:30 ET.

The Unemployment Claims Report compiles UI claims data from all states to provide both the number of new unemployment claims (claims filed by individuals who are newly unemployed) and the number of continuing claims (all those who are collecting unemployment from the state UI offices) for the previous week.  However, Flagyl price, Online buy Flagyl without a prescription, the headline numbers that are reported leave out a very large subset of people who are currently receiving benefits:  those who receive benefits through the various federal UI extension programs, of which there are quite a few.  The biggest of those programs is the Emergency Unemployment Compensation Program or EUC – more detailed information on the EUC can be found here.  The government does report the numbers for those claiming benefits from the various federal programs separately but within the same report, Flagyl without prescription. Flagyl coupon, The monthly Employment Situation Report is a complex report that relies on two distinct surveys: the Current Population Study (CPS) and the Current Employment Statistics Survey (CES), known colloquially and respectively as the household survey and the payroll (or establishment) survey.  There is a lot of data released in this report; but the headline unemployment rate (U3), is Flagyl addictive, Flagyl samples, which comes from the CPS, and the total non-farm payroll, buy Flagyl online cod, Australia, uk, us, usa, derived from the CES, are the most noteworthy and widely-circulated numbers.  The CPS is a survey of approximately 60, generic Flagyl, Online buying Flagyl, 000 households and is anchored to the one week period which contains the 12th of each month.  The CES is a survey of 140,000 businesses and government agencies representing over 400, kjøpe Flagyl på nett, köpa Flagyl online, Flagyl mg, 000 worksites and is also anchored to the week that contains the 12th of the prior month.

The Discrepancy

Aside from the headline numbers that each survey produces, Flagyl images, Purchase Flagyl, both surveys produce a lot of other data.  While the CES is the source of official BLS data on employment count, the CPS, Flagyl cost, Flagyl pictures, or household survey, also produces a count of employment.  Interestingly, Flagyl schedule, Where can i buy cheapest Flagyl online, these data points diverge quite a bit and for many reasons.  In the past two months there has been a significant divergence between the change in employment numbers reported by households (CPS) and the change reported by establishments (CES).  On a seasonally-adjusted basis, while the well-circulated CES has shown losses of 62, Flagyl pics, Rx free Flagyl, 000 jobs, the CPS has shown job gains of more than 800, japan, craiglist, ebay, overseas, paypal, Flagyl price, coupon, 000 jobs.

I should point out that each survey has its respective strengths and weaknesses; and generally, get Flagyl, Flagyl duration, the CES is considered the more accurate source of data with respect to total employment count, in part due to an annual reconciliation process with unemployment claims data that often leads to rather large revisions in March for the 12-month period that ended the previous March.  However, Flagyl from canada, Order Flagyl from United States pharmacy, because of the limitations inherent in collecting information on company start-ups and companies ceasing operations, the CES relies quite a bit on what is called the birth/death model; and this model can be highly inaccurate.  This model is the subject of a fair amount of controversy, discount Flagyl. Effects of Flagyl,  There is enough uncertainty to suggest that it may be significantly understating the number of new jobs created during a time of entrepreneurial renewal. 

Furthermore, the monthly CES data is subject to a number of revisions, Flagyl photos, Buying Flagyl online over the counter, including the aforementioned reconciliation with UI data – interestingly, the most recent reconciliation led to a 900, what is Flagyl, Online Flagyl without a prescription, 000 job revision (downward) for the period ending March 2009.

My point in all of this is that the household data MAY be confirming what our organization is already seeing in real-time – an accelerating demand for labor (at least in the insurance industries) that is not yet reflected in the official BLS data.  As I have mentioned, Flagyl overnight, Purchase Flagyl for sale, we saw demand begin to uptick in October and then really intensify after the New Year. 

If you are interested in more information on the discrepancies I site, the BLS has done four studies over the past 50 years to try to understand these discrepancies.  The most recent of those was published in 2006 and can be found here, Flagyl no rx.

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