Analysis

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.
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.
Only time will tell how the economic strains brought on by the coronavirus impact long-term employment in the insurance industry; however, recent data suggests a positive outlook for insurance professionals.
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