NU Online News Service, June 14, 4:00 p.m. EDT
Changes in property and casualty insurance company employee compensation and further reductions in employee benefits at these firms are expected throughout 2010, according to a new study.
Ward Financial Group, a Cincinnati-based consulting firm, conducted the "HR Practices and Employee Benefits Study" with the Property Casualty Insurers Association of America (PCI).
The study notes that employee compensation is about 30 percent of the average p&c insurance company's underwriting and loss adjusting expenses.
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