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What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

Market Insights

Insurance employment remains steady as economy faces uncertainty

Recent data shows positive employment trends in the insurance industry; however, the full effects of COVID-19 remain unknown.

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Insurance carriers and related activities saw a sharp decline in unemployment in February, while the industry also saw a year-over-year increase in weekly wages among nearly all its sectors, says Jacobson. (Photo: Fotolia) Insurance carriers and related activities saw a sharp decline in unemployment in February, while the industry also saw a year-over-year increase in weekly wages among nearly all its sectors, says Jacobson. (Photo: Fotolia)

In recent weeks, an estimated 22 million Americans filed for unemployment or underemployment benefits as the economy struggles with the effects of the COVID-19 pandemic. The New York Times, using data from the U.S. Bureau of Labor Statistics (BLS), estimates the current unemployment rate in the U.S. is around 13% — the highest since the Great Depression.

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Heather A. Turner

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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