EconomPic: Still Shedding Jobs
I do not recall ever posting two scary charts of the day.
Ouch.

AIG’s ‘Tainted Brand’ in U.K. Hurts Life Insurer Unit (Update1) – Bloomberg.com
American International Group Inc. suffered an 87 percent quarterly sales decline at its European life business as U.K. clients abandoned the firm, draining value from operations the insurer is selling to repay a U.S. bailout.

Individual Life Insurance Sales—the Good and Bad News
Declines in other products resulted in total individual life insurance sales falling 11% in the third quarter of 2009, according to the LIMRA report. Overall, because of steeper decreases in Q1and Q2, total individual annualized premium sales are down 19% YTD. Universal life (UL) sales were down 14% in the Q3, compared with drops of about 30% in Q1and Q2.In the first nine months of 2009, UL declined 24%, according to LIMRA.
Until these numbers start improving, the job market for underwriters is going to remain flat.
Or worse.

Once again technology and creativity move more quickly than corporate policy. Call me if you need help in developing a social media policy for your company. The cartoon was drawn by an artist named Hugh Macleod. I’ve added a link to his website under my Blogroll on the sidebar.
Bloggers Find The Ax is Mightier Than The Pen | workforce.com

The Coming Fight for Executive Talent – BusinessWeek
I’ve shortened the title of my occasional posts on management issues to Turkeys. Any negative connotations are purely coincidental. This series of posts started while underwriting at my brother’s house and his gaggle of wild turkeys walked by. So say bye-bye to “Remote Underwriting With Turkeys”. Now we’re just talkin’ turkey.
And management issues.

What employment contract? This is a scary article and a must-read for managers.
The Fraying Employment Contract – BusinessWeek
As a reminder I’ve titled posts on management “Remote Underwriting With Turkeys” to make these posts easier to find when using the search function.
If you want to look at older posts on management issues, use “turkeys” as the keyword in the search box.

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