Recent News and Discussions About Insurance Industry Layoffs
Insurtech Policygenius cuts 25% of staff, less than 3 months …
Insurtech Policygenius cuts 25% of staff, less than 3 months after raising $125M
Jun 2, 2022 — Policygenius — an insurance technology startup — has laid off about 25% of its staff, or 170 people.
Do Insurtech layoffs reflect industry-wide slump?
https://insurtechdigital.com/insurtech/do-insurtech-layoffs-reflect-industry-wide-slump
Jun 10, 2022 — As insurtech leader Policygenius loses 25% of its staff, tech companies across the board are suffering, with Microsoft and Coinbase pausing …
Next Insurance latest insurtech to announce layoffs
https://www.insurancebusinessmag.com/us/news/breaking-news/next-insurance-latest-insurtech-to-announce-layoffs-412510.aspx
7 days ago — California headquartered insurtech Next Insurance plans to cut 17% of its workforce, according to a message sent to employees by Next CEO …
Table 5. Layoffs and discharges levels and rates by industry …
https://www.bls.gov/news.release/jolts.t05.htm
Layoffs and discharges levels and rates by industry and region, … Industry and region, Levels (in thousands), Rates(2) … Finance and insurance .
Root Insurance lays off 330 employees, citing pandemic …
https://www.dispatch.com/story/business/2022/01/21/root-insurance-lays-off-330-employees-citing-pandemic-challenges/6606337001/
Jan 21, 2022 — According to a regulatory filing, the company said one of the biggest reasons behind the layoffs is to improve the claims and sales departments.
State Farm Insurance Layoffs | Comparably
https://www.comparably.com/companies/state-farm/layoffs
At State Farm Insurance , there could be warning signs of potential layoffs . At State Farm Insurance 33% of employees regularly feel insecure. And, 10% have …
COVID-19 impact on the insurance industry and Grinnell Mutual
https://www.grinnellmutual.com/about-us/newsroom/pandemic-impact-on-insurance-industry
The world has changed forever since the pandemic hit. How will it continue to change the insurance industry ?
The Allstate Layoff: Warnings, Consequences, and the Future
The Allstate Layoff: Warnings, Consequences, and a Better Future
Jun 12, 2022 — 2020 has been a turbulent year for all industries , and insurance is no exception. Initially spared as large of an effect as the hospitality …
Large CT insurers show growing profits — but state not seeing …
https://www.ctinsider.com/business/article/Large-CT-insurers-show-growing-profits-but-16833437.php
Feb 5, 2022 — In response to an inquiry from Hearst Connecticut Media about the number of layoffs made through the program, The Hartford said in a statement …
Allstate to Cut 3,800 Jobs as Latest Step in Multi-Year Growth …
https://www.insurancejournal.com/news/national/2020/10/01/584756.htm
Oct 1, 2020 — The layoffs will affect about eight percent of the insurer’s 45,780 … but GEICO and Progressive are growing auto insurance market share …