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, 2013 (1)

 

State Number of
employees
State Number of
employees
Alabama 36,355 Montana 8,583
Alaska 2,667 Nebraska 33,511
Arizona 54,371 Nevada 17,456
Arkansas 21,094 New Hampshire 17,096
California 289,304 New Jersey 98,284
Colorado 52,387 New Mexico 11,470
Connecticut 69,303 New York 191,930
Delaware 8,889 North Carolina 73,274
D.C. 4,433 North Dakota 10,543
Florida 194,299 Ohio 130,068
Georgia 96,693 Oklahoma 30,588
Hawaii 10,270 Oregon 32,261
Idaho 12,407 Pennsylvania 151,898
Illinois 142,865 Rhode Island 11,576
Indiana 59,043 South Carolina 41,430
Iowa 54,463 South Dakota 11,959
Kansas 38,289 Tennessee 59,147
Kentucky 39,981 Texas 247,032
Louisiana 34,555 Utah 24,801
Maine 13,221 Vermont 5,022
Maryland 47,930 Virginia 63,850
Massachusetts 79,380 Washington 52,121
Michigan 77,336 West Virginia 11,535
Minnesota 81,966 Wisconsin 81,086
Mississippi 18,593 Wyoming 3,455
Missouri 65,130 United States 3,025,200

(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 2014.

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, 2012-2013

($000)

  Annual payroll   Annual payroll
State 2012 2013 State 2012 2013
Alabama $2,297,117 $2,309,387 Montana $399,801 $411,719
Alaska 160,102 165,819 Nebraska 1,999,486 2,061,443
Arizona 3,016,399 3,254,873 Nevada 935,978 981,902
Arkansas 1,004,903 997,124 New Hampshire 1,351,610 1,407,125
California 21,272,593 21,060,971 New Jersey 9,700,866 10,066,035
Colorado 3,395,385 3,505,434 New Mexico 547,330 563,412
Connecticut 8,379,940 8,378,917 New York 18,839,104 19,282,165
Delaware 717,234 701,995 North Carolina 4,138,757 4,261,298
D.C. 565,871 584,934 North Dakota 483,473 501,890
Florida 11,829,437 12,352,852 Ohio 8,592,723 8,962,173
Georgia 6,656,918 6,946,769 Oklahoma 1,515,956 1,537,835
Hawaii 581,828 591,460 Oregon 2,086,542 2,154,023
Idaho 551,842 560,352 Pennsylvania 11,370,368 11,734,779
Illinois 11,652,877 11,668,284 Rhode Island 853,864 897,279
Indiana 3,647,243 3,633,430 South Carolina 2,174,298 2,264,510
Iowa 3,611,598 3,752,819 South Dakota 492,954 520,851
Kansas 2,258,453 2,345,872 Tennessee 3,871,492 3,647,715
Kentucky 2,500,449 2,557,703 Texas 14,986,023 15,755,730
Louisiana 1,930,533 1,955,652 Utah 1,236,475 1,293,689
Maine 929,908 946,882 Vermont 330,811 343,770
Maryland 3,805,887 3,684,298 Virginia 4,439,108 4,326,876
Massachusetts 7,442,826 7,691,694 Washington 3,596,111 3,751,185
Michigan 4,618,312 4,781,764 West Virginia 540,921 545,221
Minnesota 7,417,835 7,160,044 Wisconsin 5,524,137 5,581,822
Mississippi 826,933 832,028 Wyoming 141,194 150,870
Missouri 4,247,195 4,178,326 United States $215,469,000 $219,605,000

(1) Private nonfarm compensation.

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

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