And the benefits are multi-fold. Taxpayers benefit from reduced welfare roles.
Insurance companies can gain by hiring job ready and ethnically diverse employees.
If welfare reform is to work in Florida, Nelson said, the insurance industry must do its part. According to Nelson, the industry is a key player in the state's economy with about 1,700 admitted insurance carriers already providing jobs for nearly 115,000 Floridians. Total employment and direct payroll is expected to grow, as well. As of last October, according to the Florida Department of Labor and Employment Security, the number of Floridians employed by the insurance industry was 114,200 - up from 113,700 from a year earlier. And from every indication, insurance industry employment should continue to rise as the homeowners insurance market continues to revive from the devastation of Hurricane Andrew.