Allstate
Property/Casualty employment trends 2012Posted by RJ and Makay on Apr 17, 2012 |
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With the U.S. employment rate still above 8% and long-term joblessness hampering the employment market, job searching is more challenging than during healthy economic times. One industry where the jobs outlook is improving, albeit slowly, is the proper/casualty insurance sector. More insurance businesses are hiring workers this year while some are still waiting on the sidelines to see how market conditions play out.
A group of Allstate employees have voted to join a union. The agents have been facing compensation cuts of up to 20%, and have also been frustrated with the firm controlling them like employees rather than treating them as independent contractors. 94% of 1200 agents, members of the Gulfport Mississippi-based nonprofit National Association of Professional Allstate Agents (NAPAA), voted by secret ballot to affiliate with the Office and Professional Employees International Union (OPEIU).
Allstate Corp. has agreed to pay $1 billion to buy online insurance companies Esurance and Answer Financial to capture more business from customers who shop online for insurance. Allstate is buying the companies from White Mountains Insurance Group, Ltd., a Bermuda-based financial services holding company.
