One of the nation's largest insurers recently made an announcement that may come as welcome news for insurance agents who have been out of work.
According to Allstate Insurance Company, the insurer is set to launch more than 100 agencies in Texas in 2013 alone. As a result, the company's recruiters and headhunters will be on the lookout for experienced agents as well as those who aren't familiar with the industry, provided they are willing to learn.
Lisa Banks, Allstate's director of strategic deployment in the Lone Star State, indicated that individuals who have recently retired from the armed services may find this opportunity fitting, as many of the traits they learned while serving are ideal for the insurance field.
"Many veterans are looking for solid opportunities to become their own boss when they leave the military," said Banks. "They have gained exceptional leadership, decision making and communication skills through their experience in the service, which are all important qualities in becoming a successful small business owner."
While 120 agents may soon be agency owners, the positions will likely create several additional jobs as well. Allstate notes that approximately 360 new jobs may be created as a result of the agency openings, which should benefit both the insurance industry at large and the Texas economy, which currently has one of the lowest unemployment rates in the country at 6.2 percent.
As most industry professionals know, Allstate offers a variety of insurance products, including auto, life and homeowners insurance. Recently, J.D. Power and Associates conducted a study, asking insurance customers to assess various national insurers. On a 1,000-point scale, Allstate earned a 782, which is on par with the industry average.