There was much movement among insurers in 2023. Many laid off employees, while many diversified their coverage away from California due to increased catastrophe risks and what they viewed as an unfavorable regulatory system.
Tag: insurer layoffs
Prudential Financial to Cut Senior Leader Positions Amid Cost-Cutting Push
Prudential Financial Inc. plans to cut 243 positions as it seeks to curb costs — the latest step in the life insurer’s years-long overhaul.