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, 2012 (1)

State Number of employees State Number of employees
Alabama 36,775 Montana 8,757
Alaska 2,656 Nebraska 34,166
Arizona 52,112 Nevada 16,591
Arkansas 22,031 New Hampshire 16,946
California 293,807 New Jersey 98,339
Colorado 53,042 New Mexico 11,390
Connecticut 71,080 New York 190,027
Delaware 9,120 North Carolina 74,070
D.C. 4,252 North Dakota 10,527
Florida 193,124 Ohio 132,287
Georgia 95,203 Oklahoma 31,910
Hawaii 10,584 Oregon 33,028
Idaho 12,728 Pennsylvania 150,668
Illinois 144,922 Rhode Island 11,673
Indiana 60,756 South Carolina 41,408
Iowa 55,026 South Dakota 11,845
Kansas 38,695 Tennessee 62,258
Kentucky 39,614 Texas 245,704
Louisiana 35,037 Utah 25,084
Maine 13,418 Vermont 5,142
Maryland 48,516 Virginia 59,368
Massachusetts 80,566 Washington 52,577
Michigan 77,714 West Virginia 12,129
Minnesota 81,113 Wisconsin 83,085
Mississippi 19,452 Wyoming 3,514
Missouri 67,364 United States 3,041,200

(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 2013, based on revised estimates for 2001-2011.

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