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P&C Carriers Add Jobs in May While Agent/Broker Slide Continues

In a mixed month for insurance-industry employment, P&C carriers added 1,100 jobs in May while agents and brokers shed jobs for the sixth straight month, albeit at a slower rate.

By Phil Gusman | Updated on August 01, 2013

In a mixed month for insurance-industry employment, P&C carriers added 1,100 jobs in May while agents and brokers shed jobs for the sixth straight month, albeit at a slower rate.

According to an Insurance Information Institute (I.I.I.) analysis of the latest U.S. Labor Department’s Bureau of Labor Statistics figures, P&C carrier employment increased from 521,800 in April to 522,900 in May. I.I.I. President Robert Hartwig notes that this subsector has typically added jobs in May (it fell in only 8 of the 24 Mays from 1990 to 2013). 

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