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, 2011-2012

($000)

  Annual payroll   Annual payroll
State 2011 2012 State 2011 2012
Alabama $2,364,748 $2,306,285 Montana 400,497 402,392
Alaska 149,981 155,096 Nebraska 1,939,964 2,004,637
Arizona 2,900,835 3,008,390 Nevada 845,786 882,973
Arkansas 963,538 1,009,316 New Hampshire 1,314,508 1,343,573
California 20,117,126 21,227,784 New Jersey 8,935,130 9,643,778
Colorado 3,214,050 3,416,995 New Mexico 530,991 545,518
Connecticut 8,171,134 8,392,213 New York 18,169,826 18,572,635
Delaware 696,697 718,185 North Carolina 4,013,448 4,140,111
D.C. 510,655 546,495 North Dakota 473,849 484,507
Florida 11,111,436 11,799,545 Ohio 8,386,776 8,613,452
Georgia 6,081,139 6,567,110 Oklahoma 1,419,385 1,519,672
Hawaii 564,758 585,286 Oregon 2,018,279 2,104,497
Idaho 531,829 556,768 Pennsylvania 10,486,017 11,140,744
Illinois 10,955,993 11,464,141 Rhode Island 834,327 852,024
Indiana 3,515,425 3,665,093 South Carolina 2,161,629 2,176,144
Iowa 3,528,235 3,622,143 South Dakota 468,369 496,383
Kansas 2,070,556 2,268,372 Tennessee 3,514,180 3,882,491
Kentucky 2,382,546 2,509,475 Texas 14,073,579 14,995,797
Louisiana 1,978,423 1,925,761 Utah 1,172,082 1,243,825
Maine 931,272 939,117 Vermont 322,437 330,316
Maryland 3,527,950 3,737,736 Virginia 3,728,978 4,066,606
Massachusetts 7,276,547 7,433,937 Washington 3,516,968 3,617,188
Michigan 4,421,342 4,591,861 West Virginia 528,005 543,572
Minnesota 6,610,104 7,297,733 Wisconsin 5,346,894 5,522,465
Mississippi 787,944 830,588 Wyoming 136,219 141,972
Missouri 3,780,614 4,261,303 United States $203,883,000 $214,104,000

(1) Private nonfarm compensation.

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

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