NU Online News Service, Oct. 12, 1:52 p.m. EDT

Employment in the property and casualty insurance industry rose two percent in August compared to July, according to the latest U.S. employment statistics, but declined compared to August 2009 by 2.8 percent–or 13,400 jobs.

According to Robert Hartwig, president and economist at the Insurance Information Institute, the job losses stemmed from the soft market, the difficult economy, outsourcing, productivity enhancements and industry consolidation.

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