An agency owner in White House, Tenn., June Taylor calls her mother an insurance pioneer. But as the first woman to earn a CIC accreditation in the Volunteer State, she's a pioneer herself.
Exclusively from National Underwriter and PC360, Lloyd's execs discuss the state of the E&S industry, the emerging risks and markets Lloyd's is targeting, their plans to recruit the next generation and more.
It's a stark statistic: Nearly one-half of the professionals in the insurance industry today are 45 years or olderand one-quarter of the industry will retire by 2018. To address this trend, the industry can recruit and hire millennials, those born after 1980 and the largest-growing demographic in the U.S.
On Wednesday, the U.S. House of Representatives passed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015 during the first days of the 114th Congress by a 416-5 bipartisan vote.
Bi-partisan support extends Terrorism Risk Insurance Act by six years, and also includes agent licensing reform with the inclusion of a permanent National Association of Registered Agents and Brokers. UPDATE: House also passes the Insurance Capital Standards Clarification Act, which recognizes the difference between the banking and insurance markets.