NU Online News Service, May 11, 10:00 a.m.EDT
|Employment in the insurance industry increased in March relativeto April, according to an Insurance Information Institute analysisof U.S. Bureau of Labor Statistics data, but the slight bump istypical of a March vs. February comparison, the I.I.I. notes.
|Direct property and casualty employment was up by 300 jobs, or0.1 percent, to 459,300 compared to February. The P&C sectorwas down by 1.6 percent compared to March 2010. The I.I.I. saysthis is consistent with a typical March vs. February comparisonwhere P&C employment goes up by between 0.1 percent and 0.2percent.
|Beyond just P&C direct employment, all sectors of theinsurance industry saw an increase in employment for the monthexcept third-party administration, which shed 800 jobs relative toFebruary. Employment for third-party administration stood at127,800 as of March.
|Reinsurers added 400 jobs compared to February, a 1.5 percentincrease. Employment was up by 800 jobs, or 3 percent, compared toMarch 2010. March 2011 employment for reinsurers was 27,400.
|Agents and brokers added 2,300 jobs in March compared toFebruary, but lost 1,800 compared to March 2010. The I.I.I. notesthat the BLS data does not separate life agents from P&Cagents, or agents from brokers.
|Jobs for claims adjusters increased by 200, or 1.1 percent,compared to February, but decreased by 1,700 compared to March2010.
|Life insurers saw an increase of 1,000 jobs relative toFebruary, while health/medical insurers saw an increase of 200 jobsand “title and other direct” increased by 600 jobs.
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