08/19/2018

News

The Insurance Industry’s IMPACT on California’s Economy

The insurance industry has provided over 210,00 jobs in 2010 and provided a payroll that totaled $14.9 billion, just in California!

Research & Studies
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California’s Insurance Companies Document Their IMPACT on California’s Economy and Communities

The insurance industry has provided over 210,00 jobs in 2010 and provided a payroll that totaled $14.9 billion, just in California!

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Wells Fargo Cuts 2,300 Jobs as Higher Rates Hurt Mortgage Lending

Wells Fargo is cutting staff as higher rates cool residential mortgage lending, which has been on a tear in recent years.

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JPMorgan Chae Cuts 245 OC Jobs

Company: JPMorgan ChaseCA Net Job Gain/Loss: -245Reason: LayoffCity/Region Losing Jobs: Irvine, CA

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JPMorgan Chase to Lay Off 730 in San Diego

Company: JPMorgan ChaseCA Net Job Gain/Loss: -730Reason: LayoffCity/Region Losing Jobs: San Diego, CA

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Over 500 Bank of America Workers to Be Laid Off at Fresno Call Center

Company: Bank of AmericaCA Net Job Gain/Loss: -543Reason: LayoffCity/Region Losing Jobs: Fresno, CA

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United Health to Exit Individual Insurance Market in California

The nation’s largest health insurer, UnitedHealth Group Inc., is leaving California’s individual health insurance market, the second major company to exit in advance of major changes under the Affordable Care Act.

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Sacramento Gains 200 New Jobs in Mortgage Industry

Company: PennyMac Loan ServicesCA Net Job Gain/Loss: 200Reason: ExpandCity/Region Gaining Jobs: Sacramento, CA

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Late-payment rate on mortgages tumbles in 1Q

LOS ANGELES (AP) — A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.

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Clear Capital Hiring for 50 Jobs in Roseville

Company: Clear CapitalCA Net Job Gain/Loss: 50Reason: ExpandCity/Region Gaining Jobs: Roseville, CANotes: Company also adding 30 positions in Truckee and in Texas

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Number Of Homes Entering Foreclosure Plunges in California

The number of California homes entering foreclosure plunged in the first quarter, the result of an improving economy, rising home prices and strict new state regulations on lenders.

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Honda Center Layoffs Could Mean Tax Credits for Company

Company: Aramark/Anaheim Arena ManagementCA Net Job Gain/Loss: 500Reason: ExpandCity/Region Gaining Jobs: Anaheim, CA

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Hundreds of Honda Center Workers Receive Layoff Notice

Company: Aramark/Anaheim Arena ManagementCA Net Job Gain/Loss: -400Reason: LayoffCity/Region Losing Jobs: Anaheim, CA

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Venture-Capital Funding Drops Sharply In Southern California

Southern California is a hotbed of young and innovative companies, but you wouldn’t know it by following the money.

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Insurance Exchange Bringing Call Center, 500 Jobs To Fresno

Covered California — the state’s new health insurance exchange created as part of the federal health care law — announced Fresno will be the site of one of its three future call centers, creating almost 500 jobs. The center is scheduled to open in the fall with a location to be announced soon.

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