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, 2013 (1)

($000)

State Incurred losses
Alabama $3,685,353
Alaska 641,849
Arizona 4,590,840
Arkansas 2,441,582
California 33,523,386
Colorado 6,302,530
Connecticut 4,145,000
Delaware 862,153
D.C. 781,702
Florida 17,340,381
Georgia 9,051,085
Hawaii 867,650
Idaho 1,175,380
Illinois 13,768,320
Indiana 5,637,923
Iowa 4,300,199
Kansas 3,869,263
Kentucky 3,239,711
Louisiana 5,380,059
Maine 982,581
Maryland 5,612,042
Massachusetts 6,070,072
Michigan 13,549,259
Minnesota 6,683,611
Mississippi 3,368,013
Missouri 5,302,132
Montana 1,119,300
Nebraska 3,069,914
Nevada 2,513,240
New Hampshire 1,064,743
New Jersey 11,433,517
New Mexico 1,814,606
New York 18,993,882
North Carolina 6,561,521
North Dakota 1,827,533
Ohio 7,100,686
Oklahoma 6,191,936
Oregon 2,890,355
Pennsylvania 11,309,632
Rhode Island 1,080,667
South Carolina 3,627,063
South Dakota 1,418,869
Tennessee 5,004,379
Texas 23,707,903
Utah 1,983,285
Vermont 569,684
Virginia 5,654,725
Washington 4,953,601
West Virginia 1,283,262
Wisconsin 5,387,638
Wyoming 533,975
United States $294,267,995

(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, PRIVATE PASSENGER AUTO INSURANCE, 2013 (1)

($000)

State Incurred losses
Alabama $1,596,664
Alaska 238,254
Arizona 2,280,069
Arkansas 931,235
California 12,720,741
Colorado 2,172,913
Connecticut 1,684,930
D.C. 152,875
Delaware 404,700
Florida 8,641,573
Georgia 4,082,627
Hawaii 339,248
Idaho 420,270
Illinois 3,715,017
Indiana 1,851,142
Iowa 869,188
Kansas 959,007
Kentucky 1,524,109
Louisiana 2,476,207
Maine 359,858
Maryland 2,407,572
Massachusetts 2,644,104
Michigan 8,183,301
Minnesota 1,831,270
Mississippi 1,168,092
Missouri 1,835,863
Montana 335,530
Nebraska 676,003
Nevada 1,135,766
New Hampshire 424,805
New Jersey 4,324,004
New Mexico 711,379
New York 6,910,290
North Carolina 2,851,993
North Dakota 231,592
Ohio 3,228,310
Oklahoma 1,588,770
Oregon 1,343,712
Pennsylvania 4,586,892
Rhode Island 506,036
South Carolina 1,852,332
South Dakota 335,608
Tennessee 1,883,924
Texas 9,570,299
Utah 897,560
Vermont 189,677
Virginia 2,711,783
Washington 2,481,182
West Virginia 569,535
Wisconsin 1,642,147
Wyoming 206,472
United States $116,686,431

(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, 2013 (1)

($000)

State Incurred losses
Alabama $699,026
Alaska 64,268
Arizona 684,700
Arkansas 312,888
California 3,160,657
Colorado 1,224,168
Connecticut 423,211
D.C. 44,298
Delaware 80,931
Florida 2,033,188
Georgia 1,638,180
Hawaii 93,937
Idaho 147,574
Illinois 2,180,699
Indiana 988,939
Iowa 307,396
Kansas 517,870
Kentucky 375,928
Louisiana 621,918
Maine 156,679
Maryland 589,338
Massachusetts 666,345
Michigan 1,322,035
Minnesota 1,090,155
Mississippi 687,831
Missouri 724,190
Montana 164,612
Nebraska 701,769
Nevada 226,903
New Hampshire 142,369
New Jersey 677,155
New Mexico 221,981
New York 1,696,554
North Carolina 935,592
North Dakota 81,889
Ohio 1,249,521
Oklahoma 1,765,053
Oregon 304,654
Pennsylvania 1,126,166
Rhode Island 124,787
South Carolina 457,530
South Dakota 185,131
Tennessee 799,806
Texas 3,063,381
Utah 207,149
Vermont 78,785
Virginia 664,508
Washington 641,176
West Virginia 179,802
Wisconsin 579,048
Wyoming 101,288
United States $37,212,958

(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, 2013 (1)

($000)

State Incurred losses
Alabama $1,287,008
Alaska 332,157
Arizona 1,571,177
Arkansas 1,160,047
California 17,223,123
Colorado 2,799,323
Connecticut 2,004,478
D.C. 501,864
Delaware 404,810
Florida 6,472,067
Georgia 3,172,899
Hawaii 423,802
Idaho 565,460
Illinois 7,572,645
Indiana 2,522,696
Iowa 2,984,205
Kansas 2,237,774
Kentucky 1,242,158
Louisiana 2,223,322
Maine 452,246
Maryland 2,555,696
Massachusetts 2,696,607
Michigan 3,836,008
Minnesota 3,609,599
Mississippi 1,465,309
Missouri 2,544,951
Montana 549,188
Nebraska 1,539,327
Nevada 1,126,288
New Hampshire 483,573
New Jersey 6,344,715
New Mexico 853,176
New York 10,081,172
North Carolina 2,632,081
North Dakota 1,451,355
Ohio 2,408,701
Oklahoma 2,708,256
Oregon 1,164,887
Pennsylvania 5,372,475
Rhode Island 435,585
South Carolina 1,261,536
South Dakota 804,632
Tennessee 2,186,195
Texas 10,614,095
Utah 837,251
Vermont 289,786
Virginia 2,174,083
Washington 1,720,758
West Virginia 511,388
Wisconsin 2,975,162
Wyoming 185,557
United States $134,572,651

(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, 2013 (1)

($000)

State Incurred losses
Alabama $168,581
Alaska 149,821
Arizona 487,849
Arkansas 120,682
California 7,029,735
Colorado 505,966
Connecticut 536,786
D.C. 85,947
Delaware 131,757
Florida 1,136,733
Georgia 687,329
Hawaii 141,137
Idaho 202,058
Illinois 1,606,520
Indiana 507,314
Iowa 459,992
Kansas 228,478
Kentucky 311,935
Louisiana 473,367
Maine 136,590
Maryland 622,290
Massachusetts 651,241
Michigan 511,318
Minnesota 524,995
Mississippi 159,537
Missouri 450,185
Montana 159,108
Nebraska 217,506
Nevada 155,706
New Hampshire 128,638
New Jersey 1,431,561
New Mexico 140,587
New York 2,301,789
North Carolina 791,570
North Dakota 2,246
Ohio 6,905
Oklahoma 668,539
Oregon 332,046
Pennsylvania 1,625,252
Rhode Island 104,739
South Carolina 370,686
South Dakota 79,268
Tennessee 492,760
Texas 1,235,380
Utah 203,796
Vermont 99,746
Virginia 549,629
Washington 12,987
West Virginia 134,992
Wisconsin 1,145,431
Wyoming 3,100
United States $30,422,109

(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, 2013 (1) (1)

($000)

State Claims and benefits paid
Alabama $5,371,670
Alaska 811,980
Arizona 8,416,817
Arkansas 2,779,660
California 43,910,987
Colorado 7,293,309
Connecticut 15,731,714
D.C. 1,976,722
Delaware 7,807,575
Florida 29,675,333
Georgia 10,681,760
Hawaii 2,259,266
Idaho 1,638,191
Illinois 18,563,912
Indiana 8,337,714
Iowa 5,739,560
Kansas 4,209,856
Kentucky 4,861,438
Louisiana 5,698,821
Maine 1,758,302
Maryland 8,677,052
Massachusetts 16,484,924
Michigan 15,830,844
Minnesota 9,487,392
Mississippi 2,645,702
Missouri 9,119,789
Montana 1,023,676
Nebraska 3,338,585
Nevada 2,747,970
New Hampshire 2,438,994
New Jersey 18,737,868
New Mexico 2,511,463
New York 35,326,500
North Carolina 13,140,105
North Dakota 878,236
Ohio 16,800,519
Oklahoma 3,555,581
Oregon 5,912,042
Pennsylvania 21,917,304
Rhode Island 1,699,855
South Carolina 5,512,377
South Dakota 1,121,657
Tennessee 7,888,629
Texas 25,662,392
Utah 3,325,736
Vermont 978,995
Virginia 10,434,980
Washington 8,303,029
West Virginia 1,996,357
Wisconsin 9,078,172
Wyoming 634,485
United States $454,735,796

(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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