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Protective Life To Eliminate 6 Physical Offices

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Protective Life Corp. says it’s one of the life insurers that will be de-emphasizing physical, brick-and-mortar offices.

Protective is a Birmingham, Alabama-based subsidiary of Dai-ichi Life Holdings of Tokyo.

(Related: AIG to Stick With Brick-and-Mortar Offices)

Protective says it will be keeping physical offices in Birmingham, Cincinnati and St. Louis but closing six other physical offices.

Before the COVID-19 pandemic began, about 19% of Protective employees were based outside of traditional physical offices.

Since social distancing rules took effect about 95% of employees have been working from home.

Protective classifies about 40% of the company’s current overall workforce as “full-time virtual workforce.”

The physical offices closing are in Bannockburn, Illinois; Brentwood, Tennessee; Denver; Elgin, Illinois; Fort Lauderdale, Florida.; and Portsmouth, New Hampshire.

— Read Nationwide Plans to Make Work-From-Home Permanent for Some Offices, on ThinkAdvisor.

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