NU Online News Service, Dec. 7, 10:40 a.m. EST

Property and casualty carriers shed 900 jobs in October compared to September, continuing a trend seen since July 2008, but the insurance industry overall added 4,900 positions in October.

For P&C carriers, employment is down 8.3 percent from July 2008 to October 2011, according to an Insurance Information Institute analysis of the latest U.S. Labor Department's Bureau of Labor Statistics (BLS) data. I.I.I. president Robert Hartwig says P&C carriers have lost 41,200 jobs over that time, with employment now standing at 452,000 positions.

Continue Reading for Free

Register and gain access to:

  • 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.

Commercial Lines
Personal Lines
Reinsurance