Women who are top leaders or producers in property/casualty insurance agencies make materially less than men in the same positions.
At the current rate, if trends are projected forward, women will not receive equal pay until 2059, according to a 2015 analysis of the most recent U.S. Census data by the Institute for Women’s Policy Research (IWPR). This date is one year further out from the 2014 IWPR analysis, which signifies the gender wage gap isn’t closing.
“For decades, women have been increasing their level of educational attainment and gaining job experience, which economists would call increasing their human capital,” said IWPR president and economist Heidi Hartmann. “Yet, their earnings have not kept pace with these increases.”