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TD Magazine Article

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Training in a Risky Industry

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Thu Mar 01 2007

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The article discusses the increase in the insurance companies' training budgets for the improvement of employee skills and knowledge on natural disasters in the U.S. It has been noted that after the hurricane season of 2005 caused $57.7. billion in property damages in the industry, insurers became a noteworthy investor in workforce development. According to the Society of Insurance Trainers and Educators survey, 43% of insurance companies have reported bigger training budgets. It was cited that other reasons behind the growing training expenditures are the introduction of new products and technologies, the increase of competition, and the growing demands of the customer base.

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Training in a Risky Industry

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