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Top 10 Industry Gender Pay Gaps – Double Shocker 2 Insurance Related

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Top 10 Industry Gender Pay Gaps – Two Insurance Related (?)

Any gender pay gaps should be a concern to that industry.

Another holiday is upon us. I had already written two articles this week. I decided to Google what other subjects to write about just before a holiday. One of the best online newspapers on earth is the Daily Mail out of the UK. The Daily Mail provides an outsider’s objective view to what is happening in the US.  

Drawing Of Gender Pay Gaps Graphic
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I came across this shocking article on gender pay gaps. Even though the article was over six months old, it was still relevant.   The original article from another publication can be found here.  The original article – a great analysis delves much more into the gender pay gap.

The industry with the highest gender pay gaps was Insurance Agents along with the #10 rated industry as Claims Adjusters and Examiners.  

Female insurance agents made less than 2/3 of their male counterparts.  The number of female vs. male workers in this area are basically the same.  

Women claims adjusters/examiners made less than 70% of their male counterparts even though as of 2012,  women held nearly two thirds of the jobs in these professions.   

I, or the articles, did not explore the reason for the gender pay gaps.   The full list is enumerated below.  

1. Insurance

Women’s wage as pct. of men’s: 62.5%

 

2. Retail

Women’s wages as pct. of men’s: 64.3%

 

3. Real estate brokers and sales agents

Women’s wages as pct. of men’s: 66.0%

 

Man And Woman Gender Pay Gaps Arm Wrestling
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4. Personal financial advisors

Women’s wages as pct. of men’s: 66.3%

 

5. Education administrators

Women’s wages as pct. of men’s: 67.2%

 

6. Physicians and surgeons

Women’s wages as pct. of men’s: 67.6%

 

7. Marketing and sales managers

Women’s wages as pct. of men’s: 67.7%

 

8. Security, commodities and financial services sales agents

Women’s wages as pct. of men’s: 69.1%

 

9. Inspectors, testers, sorters, samplers and weighers

Women’s wages as pct. of men’s: 69.2%

 

10. Claims adjusters, appraisers, examiners and investigators

Women’s wages as pct. of men’s: 69.3%

 

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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