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Economy and Business


Study reveals huge growth ahead in Ohio's insurance industry
The bureau of labor statistics forecasts an expanding insurance industry will need to fill 26,000 jobs by 2020
by WKSU's STATEHOUSE CORRESPONDENT JO INGLES


Reporter
Jo Ingles
 
Lt. Gov. Mary Taylor says he average salary for a job in the insurance industry is $64,000.
Courtesy of State of Ohio
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In The Region:
A new study shows thousands of jobs in the insurance industry will be available during the next few years.

Lt. Gov. Mary Taylor says the study, based on bureau of labor statistics, shows the future of the insurance industry in Ohio is bright.
LISTEN: Thousands of jobs to fill in Ohio

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"We have updated projections which now show Ohio’s insurance industry needs to fill 26,000 jobs by 2020. That is 26,000 jobs right here in Ohio. That’s 26,000 Ohio families that can benefit from a good paying, stable job in the insurance industry."

Taylor notes the average salary for a job in the insurance industry is $64,000 dollars.

Ohio is already home to some of the largest insurance companies, including Nationwide and Progressive Insurance, two of the largest companies in the country.

The Ohio insurance industry ranks 7th in the nation with more than 95,000 employees and an annual contribution of 17 point 4 billion dollars to the state’s gross domestic product.
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