Employment

CONTRIBUTION TO STATE ECONOMIES

The insurance industry is a major contributor to state economies, providing employment, paying taxes and supporting community development.  In addition, insurance company claims payments help ensure the economic security of individuals and businesses, and help sustain a number of related industries.  The magnitude of these claims payments for major insurance lines is highlighted in the "Incurred Losses by State" section. Incurred losses are a measurement of insurance claims occurring within a fixed period.

INSURANCE CARRIERS AND RELATED ACTIVITIES EMPLOYMENT BY STATE, 2014 (1)

 

State Number of employees State Number of employees
Alabama 37,319 Montana 8,758
Alaska 2,661 Nebraska 33,791
Arizona 59,953 Nevada 18,333
Arkansas 21,349 New Hampshire 17,476
California 297,159 New Jersey 98,774
Colorado 54,231 New Mexico 12,085
Connecticut 67,623 New York 196,781
Delaware 8,877 North Carolina 77,615
D.C. 4,569 North Dakota 11,000
Florida 203,275 Ohio 133,618
Georgia 101,796 Oklahoma 31,030
Hawaii 10,326 Oregon 33,319
Idaho 12,832 Pennsylvania 157,051
Illinois 144,723 Rhode Island 11,860
Indiana 61,502 South Carolina 41,501
Iowa 55,423 South Dakota 12,273
Kansas 39,578 Tennessee 61,674
Kentucky 41,789 Texas 259,251
Louisiana 35,470 Utah 25,554
Maine 13,571 Vermont 5,090
Maryland 48,009 Virginia 66,237
Massachusetts 80,564 Washington 54,985
Michigan 79,301 West Virginia 11,425
Minnesota 79,851 Wisconsin 79,188
Mississippi 18,656 Wyoming 3,483
Missouri 66,641 United States 3,109,200

(1) Total full-time and part-time employment.

Note: Does not match data shown elsewhere due to the use of different surveys. Data as of September 2015.

Source: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Information System.

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INSURANCE CARRIERS AND RELATED ACTIVITIES COMPENSATION BY STATE, 2013-2014

($000)

  Annual payroll   Annual payroll
State 2013 2014 State 2013 2014
Alabama $2,295,963 $2,513,611 Montana $410,185 $439,053
Alaska 165,039 165,284 Nebraska 2,047,992 2,145,973
Arizona 3,242,289 3,744,871 Nevada 978,325 1,068,614
Arkansas 992,062 1,029,013 New Hampshire 1,402,425 1,516,743
California 20,949,233 22,299,758 New Jersey 10,029,831 10,413,696
Colorado 3,487,396 3,766,241 New Mexico 559,054 619,841
Connecticut 8,403,407 8,579,518 New York 19,217,806 20,383,140
Delaware 708,213 720,270 North Carolina 4,242,315 4,892,074
D.C. 585,367 629,161 North Dakota 500,121 550,194
Florida 12,296,580 13,366,059 Ohio 8,918,709 9,610,991
Georgia 6,902,817 7,419,754 Oklahoma 1,532,591 1,620,101
Hawaii 588,925 600,908 Oregon 2,140,198 2,246,749
Idaho 552,773 592,010 Pennsylvania 11,693,057 12,434,871
Illinois 11,625,482 12,014,509 Rhode Island 891,515 951,597
Indiana 3,617,504 3,986,716 South Carolina 2,250,125 2,299,954
Iowa 3,739,838 3,931,997 South Dakota 519,071 568,785
Kansas 2,331,040 2,489,694 Tennessee 3,634,774 3,999,452
Kentucky 2,545,043 2,822,078 Texas 15,702,161 17,269,279
Louisiana 1,947,454 2,104,880 Utah 1,286,020 1,355,151
Maine 943,155 996,808 Vermont 342,714 356,164
Maryland 3,662,849 3,794,494 Virginia 4,303,036 4,719,371
Massachusetts 7,677,513 7,944,859 Washington 3,737,916 4,006,547
Michigan 4,763,995 5,126,797 West Virginia 543,174 543,686
Minnesota 7,135,476 7,406,378 Wisconsin 5,552,055 5,503,486
Mississippi 823,224 847,703 Wyoming 149,099 154,746
Missouri 4,149,094 4,424,371 United States $218,716,000 $232,988,000

Source: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Information System.

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