NU Online News Service, April 16, 11:10 a.m. EST
Employment for property and casualty insurers fell in February compared to January, continuing a trend that began in 2008 during which P&C insurers have shed nearly 11,000 jobs, Insurance Information Institute President Robert Hartwig says.
From January to February, an I.I.I. analysis of the latest U.S. Labor Department's Bureau of Labor Statistics (BLS) shows that P&C-insurer employment decreased by 200 jobs to 523,500 overall. Compared to February 2011, employment is down by 4,600 jobs. While noting the decline in employment since 2008, Hartwig says it's difficult to pin down exact long-term-employment trends for P&C insurers because BLS recently recalibrated how it calculates employment figures in this industry.
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