Agents and brokers showed strong employment gains in August for the third straight month after enduring employment losses in each of the six months prior.

According to an Insurance Information Institute analysis of the latest statistics from the U.S. Labor Department's Bureau of Labor Statistics, agents and brokers added 2,100 positions in August, the most of any insurance subsector.

I.I.I. President Robert Hartwig says the agent and broker gains are typical for August, noting that "in the 24 Augusts starting in 1990, for example, agent/broker employment grew 14 times, was flat two times, and fell eight times."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
E&S/Specialty
Personal Lines
Reinsurance