Property and casualty (P&C) carriers were responsible for the majority of the layoffs in the US insurance industry in 2023 as the sector shed at least 6,800 jobs, according to an analysis by S&P Global Market Intelligence. About 20 different companies reduced staff throughout the year as insurers looked to refocus their businesses or decelerate cash burn. Companies cited a variety of reasons for laying off staff, including restructuring in the case of some of the larger reductions initiated by more established insurers. "For larger carriers, the layoffs were less...