Editor's Note: This article originally appeared in National Underwriter, P&C

The employment picture for the insurance industry reflects the same downward trends the U.S. economy has experienced, but the numbers are better than overall U.S. employment declines.

In an analysis issued by the Insurance Information Institute, as of July 2010, the property and casualty insurance industry was down by 26,900 jobs, or 5.5 percent, to 464,200 jobs since the Great Recession began in December 2007, compared to overall U.S. employment decline of 7.2 percent. The figures do not include agents and brokers.

The figures are preliminary and subject to change, I.I.I. noted, and have not been seasonally adjusted. They reflect the effects of the continued soft market, difficult economy, outsourcing, productivity enhancements and job consolidations all contributing to the decrease in jobs, according to Robert P. Hartwig, president and economist for the I.I.I.

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