In good news for the insurance industry, the latest U.S. Labor Department's Bureau of Labor Statistics (BLS) data for June 2015 shows that, on a year-over-year basis, virtually every subsector of insurance industry employment was up, with many subsectors rising solidly.
Is the property & casualty insurance economic picture better from the outside looking in, or the inside looking out? A panel of outside experts, followed by a panel of insurance company CEOs, considered this question at the Property/Casualty Insurance Joint Industry Forum, held Jan. 13 at New York's Waldorf-Astoria.
Net income after taxes for private U.S. property and casualty (P&C) insurers for the first nine months of 2014 dropped by $5.1 billion to $37.7 billion, compared to $42.7 billion over the same time period in 2013.