Incurred Losses By State

Property/casualty insurers pay out billions of dollars each year to settle claims. Many of the payments go to businesses, such as auto repair companies, that help claimants get their lives back together after an accident, fire, windstorm or other incident that caused the injury or property damage. Insurance claim payments support local businesses, enabling them to provide jobs and pay taxes that support the local economy. When life insurance claims are paid, funds flow into the general economy, as beneficiaries spend the money they receive. When property/casualty insurance claims are paid, funds flow to the industries that supply claimants with the goods and services necessary for their recovery. The charts below show incurred losses, i.e. losses occurring during a fixed period, whether or not adjusted or paid during the same period.

 

Incurred Losses By State, Property/Casualty Insurance, 2015 (1)

($000)

State Incurred losses
Alabama $4,093,192
Alaska 719,288
Arizona 5,446,616
Arkansas 2,910,023
California 39,547,703
Colorado 6,396,637
Connecticut 4,533,879
Delaware 1,383,315
D.C. 878,280
Florida 22,014,264
Georgia 10,489,728
Hawaii 1,014,650
Idaho 1,414,387
Illinois 13,392,906
Indiana 5,771,409
Iowa 3,153,050
Kansas 2,997,963
Kentucky 4,331,174
Louisiana 5,609,416
Maine 1,044,592
Maryland 6,409,320
Massachusetts 8,836,136
Michigan 11,187,648
Minnesota 5,731,502
Mississippi 2,520,682
Missouri 6,369,204
Montana 1,309,551
Nebraska 2,322,393
Nevada 2,819,262
New Hampshire 1,156,725
New Jersey 11,946,823
New Mexico 1,897,250
New York 24,944,776
North Carolina 7,503,427
North Dakota 1,119,926
Ohio 7,974,601
Oklahoma 4,491,760
Oregon 3,346,175
Pennsylvania 13,301,894
Rhode Island 1,565,774
South Carolina 5,073,633
South Dakota 1,194,828
Tennessee 5,766,943
Texas 29,009,021
Utah 2,171,672
Vermont 628,825
Virginia 6,617,186
Washington 6,373,962
West Virginia 1,422,841
Wisconsin 4,948,732
Wyoming 510,973
United States $327,615,917

(1) Losses occurring within a fixed period whether or not adjusted or paid during the same period, on a direct basis before reinsurance.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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INCURRED LOSSES BY STATE, PRIVATE PASSENGER AUTO INSURANCE, 2014 (1)

($000)

State Incurred losses
Alabama $1,718,336
Alaska 244,975
Arizona 2,379,165
Arkansas 979,378
California 13,507,902
Colorado 2,696,778
Connecticut 1,701,158
Delaware 476,378
D.C. 178,602
Florida 9,823,902
Georgia 4,288,621
Hawaii 358,451
Idaho 434,906
Illinois 3,964,854
Indiana 1,938,083
Iowa 950,413
Kansas 955,382
Kentucky 1,612,666
Louisiana 2,483,201
Maine 405,725
Maryland 2,713,244
Massachusetts 2,790,315
Michigan 6,723,217
Minnesota 1,810,245
Mississippi 1,001,568
Missouri 2,048,204
Montana 406,973
Nebraska 781,512
Nevada 1,197,456
New Hampshire 447,390
New Jersey 4,410,344
New Mexico 699,799
New York 7,522,247
North Carolina 3,078,855
North Dakota 231,908
Ohio 3,404,633
Oklahoma 1,310,706
Oregon 1,374,947
Pennsylvania 5,189,607
Rhode Island 511,375
South Carolina 2,123,595
South Dakota 370,822
Tennessee 2,002,806
Texas 10,477,469
Utah 921,164
Vermont 233,428
Virginia 2,926,521
Washington 2,675,027
West Virginia 633,135
Wisconsin 1,754,011
Wyoming 220,377
United States $123,091,777

(1) Losses occurring within a fixed period whether or not adjusted or paid during the same period, on a direct basis before reinsurance.

Source: SNL Financial LC.

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INCURRED LOSSES BY STATE, HOMEOWNERS INSURANCE, 2014 (1)

($000)

State Incurred losses
Alaska $57,642
Alabama 755,341
Arizona 683,840
Arkansas 478,205
California 3,396,417
Colorado 1,823,339
Connecticut 522,447
Delaware 133,077
D.C. 55,837
Florida 2,179,774
Georgia 1,605,767
Hawaii 93,523
Idaho 191,678
Illinois 2,383,793
Indiana 921,475
Iowa 540,856
Kansas 409,634
Kentucky 484,820
Louisiana 551,933
Maine 175,034
Maryland 882,941
Massachusetts 709,584
Michigan 1,984,282
Minnesota 780,936
Mississippi 505,454
Missouri 1,026,139
Montana 372,786
Nebraska 751,906
Nevada 208,515
New Hampshire 164,446
New Jersey 1,157,821
New Mexico 206,738
New York 2,163,059
North Carolina 1,023,219
North Dakota 58,704
Ohio 1,259,252
Oklahoma 368,407
Oregon 352,603
Pennsylvania 2,030,249
Rhode Island 125,408
South Carolina 771,663
South Dakota 224,475
Tennessee 900,619
Texas 3,483,489
Utah 190,957
Vermont 122,970
Virginia 752,140
Washington 841,559
West Virginia 232,643
Wisconsin 685,792
Wyoming 105,608
United States $41,888,793

(1) Losses occurring within a fixed period whether or not adjusted or paid during the same period, on a direct basis before reinsurance.         

Source: SNL Financial LC.

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INCURRED LOSSES BY STATE, COMMERCIAL INSURANCE, 2014 (1)

($000)

State Incurred losses
Alabama $1,495,748
Alaska 354,590
Arizona 2,263,801
Arkansas 1,018,892
California 18,196,025
Colorado 2,550,219
Connecticut 1,998,051
Delaware 736,707
D.C. 331,541
Florida 7,585,560
Georgia 3,629,165
Hawaii 468,546
Idaho 597,766
Illinois 6,688,699
Indiana 2,390,025
Iowa 3,402,218
Kansas 1,778,685
Kentucky 1,524,719
Louisiana 2,235,586
Maine 481,085
Maryland 2,168,978
Massachusetts 2,969,447
Michigan 3,898,697
Minnesota 3,454,399
Mississippi 1,155,107
Missouri 2,399,880
Montana 683,237
Nebraska 2,027,290
Nevada 915,854
New Hampshire 427,786
New Jersey 5,451,193
New Mexico 671,253
New York 13,087,099
North Carolina 2,582,441
North Dakota 1,018,619
Ohio 2,508,092
Oklahoma 2,028,700
Oregon 1,016,389
Pennsylvania 6,280,488
Rhode Island 468,837
South Carolina 1,565,125
South Dakota 686,286
Tennessee 2,173,336
Texas 10,401,192
Utah 721,127
Vermont 289,934
Virginia 2,475,766
Washington 1,977,455
West Virginia 441,903
Wisconsin 2,898,467
Wyoming 224,048
United States $138,796,055

(1) Losses occurring within a fixed period whether or not adjusted or paid during the same period, on a direct basis before reinsurance.   

Source: SNL Financial LC.  

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INCURRED LOSSES BY STATE, WORKERS COMPENSATION INSURANCE, 2014 (1)

($000)

State Incurred losses
Alabama $190,038
Alaska 150,957
Arizona 526,839
Arkansas 118,476
California 7,114,954
Colorado 584,500
Connecticut 540,049
Delaware 124,067
D.C. 79,252
Florida 1,382,569
Georgia 740,547
Hawaii 156,994
Idaho 256,642
Illinois 1,674,233
Indiana 494,663
Iowa 450,962
Kansas 227,650
Kentucky 383,061
Louisiana 444,291
Maine 120,284
Maryland 633,550
Massachusetts 756,034
Michigan 444,362
Minnesota 546,163
Mississippi 206,667
Missouri 499,197
Montana 185,176
Nebraska 243,948
Nevada 70,918
New Hampshire 139,642
New Jersey 1,381,067
New Mexico 169,887
New York 3,832,827
North Carolina 774,675
North Dakota 483
Ohio -1,125
Oklahoma 530,226
Oregon 282,841
Pennsylvania 1,672,449
Rhode Island 92,645
South Carolina 425,373
South Dakota 101,298
Tennessee 496,631
Texas 1,285,473
Utah 206,801
Vermont 114,327
Virginia 599,859
Washington 6,332
West Virginia 67,603
Wisconsin 1,150,236
Wyoming 2,101
United States $32,678,696

(1) Losses occurring within a fixed period whether or not adjusted or paid during the same period, on a direct basis before reinsurance.

Source: SNL Financial LC.

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LIFE INSURANCE CLAIMS AND BENEFITS PAID BY STATE, 2014 (1)

($000)

State Incurred losses
Alabama $5,534,562
Alaska 1,050,496
Arizona 8,689,046
Arkansas 2,969,649
California 46,549,358
Colorado 8,432,780
Connecticut 18,424,037
Delaware 7,040,066
D.C. 2,320,962
Florida 31,859,905
Georgia 11,652,406
Hawaii 2,351,999
Idaho 1,842,329
Illinois 19,437,723
Indiana 9,141,049
Iowa 5,413,499
Kansas 6,019,788
Kentucky 5,270,547
Louisiana 5,690,525
Maine 2,071,977
Maryland 9,799,677
Massachusetts 14,654,968
Michigan 17,127,075
Minnesota 10,545,360
Mississippi 2,643,386
Missouri 10,511,193
Montana 1,073,476
Nebraska 3,592,246
Nevada 2,852,399
New Hampshire 2,572,098
New Jersey 21,048,797
New Mexico 2,352,877
New York 38,836,378
North Carolina 12,973,603
North Dakota 1,009,809
Ohio 17,722,061
Oklahoma 4,030,311
Oregon 5,107,450
Pennsylvania 24,127,056
Rhode Island 1,790,984
South Carolina 5,819,922
South Dakota 1,224,037
Tennessee 8,310,031
Texas 27,554,611
Utah 3,653,223
Vermont 997,154
Virginia 10,986,423
Washington 8,590,255
West Virginia 2,126,152
Wisconsin 9,295,479
Wyoming 708,265
United States $485,399,457

(1) On a direct basis before reinsurance. Includes life insurance, death benefits, matured endowments, annuity benefits, and other life insurance benefits. Does not include accident and health benefits.

Source: SNL Financial LC.

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