The Jacobson Group’s Post

Insurance industry unemployment is down to just 1.4%! Check out the latest issue of PULSE for a full update on the industry's labor stats.

August’s issue of PULSE is now available. The insurance industry unemployment rate dropped by more than 1.5 points last month. For more insights into the labor market, read the full blog post here: https://jcbsn.gr/3DSt0mO #InsuranceIndustry #LaborMarket

The unemployment rate for insurance carriers and related activities continues to decline, dropping to 1% in September. Read the October issue of PULSE for more on the current labor market: https://jcbsn.gr/3S5e3Wy #LaborMarket #InsuranceIndustry

#LatAm #Insurance Sector Outlook Neutral for 2024 based on stable operating environments and economic growth. The sector outlook considers slower premium growth due to greater competition and normalizing claims pressure from receding inflationary levels. However, expanding monetary policies may affect overall profitability in some markets from lower investment portfolio yields, and higher #reinsurance costs and retention levels will add to climate change risk exposures and earnings volatility Fitch Ratings https://lnkd.in/edcDdgCB

Inflation may be cooling, but consumers and carriers are still feeling its lasting effects in the industry. EVP of Excess & Surplus Coy Rudd shares how inflation is impacting pricing, terms and conditions, and willingness to participate in the market ⤵️ #InsuranceIndustry #Insurance #Inflation #BusinessInsurance

Inflation – What’s Next for the Insurance Industry and the Policyholders it Serves? Inflation significantly impacts the insurance industry, particularly in auto and homeowners' segments, leading to increased loss costs. For an in-depth analysis of these challenges, read more here: https://lnkd.in/gGX369a4

The economic drivers of the U.S. P/C insurance industry are now growing faster than the nation’s GDP and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according to the Triple-I latest Insurance Economics Outlook. https://bit.ly/4cWvUav #insurance #economics #propertycasualty

WHERE INFLATION IS... AND ISN'T Bureau of Labor Statistics Yahoo Finance Auto Insurance Through the Roof: costs have skyrocketed to levels not seen since 1985, making it feel like insuring a spaceship rather than a car. 🚀 https://lnkd.in/g_uJi2dH #InflationUpdate #ConsumerCosts #EconomicInsights #inflation #AutoInsuranceSpaceRace

Interest rates nearing peak levels, expense ratio improvement, and solid demand for housing in most MSAs contributed to a neutral sector outlook for U.S. title insurers next year. “Title revenues will be constrained in 2024 compared to historical recent high watermarks, but relatively flat compared to 2023 with interest rates approaching peak levels,” said Fitch Ratings Senior Director Gerry Glombicki. “Affordability issues and concerns about a recession are two things Fitch is watching closely in 2024.’’ Learn more: https://ow.ly/E0zG50Q9rEC #FitchRatings #Insurance #FitchOutlooks2024 #CreditOutlook