P&C carriers and agents and brokers saw strong employment gains in October, according to an Insurance Information Institute analysis of the latest U.S. Labor Department's Bureau of Labor Statistics (BLS) figures.
In a month where the overall insurance industry added 5,000 jobs, agents and brokers led the way for all industry subsectors (+2,100 jobs) and P&C carriers placed second for job gains (+1,200).
For agents and brokers, October represents the fifth straight month of gains, which followed a six-month stretch of job losses for the subsector. I.I.I. President Robert Hartwig say the agent and broker segment "has added 2,400, 2,400, 2,200, 3,100 and 2,100—a total of 12,200—jobs in the most recent five months."
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
Already have an account? Sign In Now
© 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.
