February was another strong hiring month for property and casualty insurers and agents and brokers, according to an analysis of the latest U.S. Labor Department's Bureau of Labor Statistics figures.

After gaining 1,300 jobs in January, P&C carriers added 2,300 in February, the Insurance Information Institute analysis says. Year-over-year, this subsector added 8,800 jobs. Employment stood at 528,900 for P&C carriers as of February. I.I.I. President Robert Hartwig notes that the subsector suffered year-over-year job losses for 29 straight months from June 11 to Oct. 2013.

Agents and brokers added 2,600 jobs in February after gaining 1,400 jobs in January. Year-over-year, agents and brokers added 16,900 jobs. Employment in this subsector reached a low of 640,700 in May 2010, Hartwig says, but has since rebounded to 678,100 as of February. The pre-recession peak for agent and broker employment was 684,500 in July 2007.

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.