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 fix period, whether or not adjusted or paid during the same period.

INCURRED LOSSES BY STATE, PROPERTY/CASUALTY INSURANCE, 2012 (1)

($000)

State Incurred losses
Alabama $3,936,647
Alaska 712,441
Arizona 4,746,637
Arkansas 2,246,487
California 32,649,773
Colorado 6,001,180
Connecticut 4,308,359
D.C. 705,782
Delaware 1,855,341
Florida 18,010,190
Georgia 7,932,314
Hawaii 777,130
Idaho 1,144,421
Illinois 15,215,148
Indiana 6,928,426
Iowa 4,277,735
Kansas 4,155,390
Kentucky 5,113,322
Louisiana 5,743,700
Maine 834,863
Maryland 5,872,644
Massachusetts 6,125,673
Michigan 13,026,013
Minnesota 5,020,742
Mississippi 2,151,276
Missouri 7,133,694
Montana 1,045,661
Nebraska 3,291,845
Nevada 2,283,635
New Hampshire 1,022,596
New Jersey 17,862,461
New Mexico 1,708,239
New York 32,420,005
North Carolina 6,945,953
North Dakota 842,849
Ohio 8,470,015
Oklahoma 4,976,605
Oregon 2,907,974
Pennsylvania 12,371,663
Rhode Island 1,125,213
South Carolina 3,741,491
South Dakota 1,865,783
Tennessee 6,084,705
Texas 23,694,757
Utah 1,834,997
Vermont 537,025
Virginia 6,283,486
Washington 5,021,291
West Virginia 1,593,822
Wisconsin 4,960,354
Wyoming 467,406
United States $319,985,159

(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, 2012 (1)

($000)

State Incurred losses
Alabama $1,472,119
Alaska 240,481
Arizona 2,081,948
Arkansas 888,565
California 12,092,687
Colorado 1,955,689
Connecticut 1,525,607
D.C. 156,446
Delaware 439,477
Florida 8,414,926
Georgia 3,537,248
Hawaii 317,079
Idaho 382,483
Illinois 3,530,367
Indiana 1,788,865
Iowa 768,291
Kansas 893,179
Kentucky 1,670,066
Louisiana 2,206,828
Maine 324,391
Maryland 2,497,651
Massachusetts 2,441,454
Michigan 8,180,850
Minnesota 1,617,952
Mississippi 867,647
Missouri 2,023,811
Montana 290,519
Nebraska 571,750
Nevada 1,065,391
New Hampshire 393,232
New Jersey 4,390,125
New Mexico 687,893
New York 7,896,837
North Carolina 2,892,690
North Dakota 202,940
Ohio 3,146,418
Oklahoma 1,368,190
Oregon 1,293,266
Pennsylvania 4,459,759
Rhode Island 450,968
South Carolina 1,719,316
South Dakota 246,912
Tennessee 1,970,964
Texas 9,161,966
Utah 795,945
Vermont 169,852
Virginia 2,758,727
Washington 2,354,201
West Virginia 631,987
Wisconsin 1,532,057
Wyoming 170,486
United States $112,938,497

(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, 2012 (1)

($000)

State Incurred losses
Alabama $777,227
Alaska 90,821
Arizona 597,391
Arkansas 370,596
California 3,083,293
Colorado 1,748,061
Connecticut 709,831
D.C. 64,377
Delaware 101,511
Florida 2,357,730
Georgia 1,105,611
Hawaii 71,994
Idaho 161,903
Illinois 1,906,647
Indiana 1,422,852
Iowa 248,590
Kansas 484,261
Kentucky 1,202,561
Louisiana 722,618
Maine 118,490
Maryland 892,287
Massachusetts 612,814
Michigan 1,263,662
Minnesota 852,529
Mississippi 364,173
Missouri 1,250,773
Montana 121,596
Nebraska 290,594
Nevada 228,993
New Hampshire 138,462
New Jersey 2,724,824
New Mexico 259,891
New York 3,716,852
North Carolina 1,031,657
North Dakota 33,075
Ohio 1,872,415
Oklahoma 1,102,972
Oregon 299,113
Pennsylvania 1,710,433
Rhode Island 114,218
South Carolina 595,506
South Dakota 110,377
Tennessee 1,465,511
Texas 3,338,933
Utah 206,530
Vermont 72,388
Virginia 992,601
Washington 685,154
West Virginia 304,581
Wisconsin 471,813
Wyoming 60,113
United States $44,531,202

(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, 2012 (1)

($000)

State Incurred losses
Alabama $1,511,497
Alaska 375,932
Arizona 2,010,314
Arkansas 955,738
California 17,085,643
Colorado 2,180,082
Connecticut 2,043,848
D.C. 405,764
Delaware 1,246,159
Florida 7,051,036
Georgia 3,128,859
Hawaii 376,950
Idaho 552,460
Illinois 9,498,682
Indiana 3,391,383
Iowa 3,115,480
Kansas 2,619,904
Kentucky 2,047,251
Louisiana 2,770,187
Maine 383,596
Maryland 2,422,163
Massachusetts 3,026,382
Michigan 3,395,367
Minnesota 2,375,942
Mississippi 874,963
Missouri 3,641,491
Montana 587,774
Nebraska 2,275,233
Nevada 961,173
New Hampshire 481,623
New Jersey 10,653,852
New Mexico 730,848
New York 20,562,541
North Carolina 2,890,327
North Dakota 557,456
Ohio 3,186,278
Oklahoma 2,393,522
Oregon 1,249,719
Pennsylvania 5,974,235
Rhode Island 543,341
South Carolina 1,379,868
South Dakota 1,434,348
Tennessee 2,481,783
Texas 10,761,565
Utah 797,966
Vermont 286,147
Virginia 2,425,632
Washington 1,882,467
West Virginia 631,347
Wisconsin 2,732,111
Wyoming 207,572
United States $156,555,802

(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, 2012 (1)

($000)

State Incurred losses
Alabama $169,961
Alaska 166,050
Arkansas 128,318
Arizona 503,700
California 6,330,956
Colorado 475,725
Connecticut 544,942
D.C. 59,417
Delaware 129,602
Florida 1,091,014
Georgia 692,932
Hawaii 120,171
Iowa 438,312
Idaho 211,943
Illinois 1,832,340
Indiana 494,962
Kansas 260,285
Kentucky 307,532
Louisiana 452,873
Massachusetts 549,127
Maryland 587,774
Maine 113,838
Michigan 504,838
Minnesota 509,669
Missouri 521,938
Mississippi 168,766
Montana 180,877
North Carolina 893,823
North Dakota 1,772
Nebraska 203,463
New Hampshire 147,584
New Jersey 1,382,440
New Mexico 194,004
Nevada 91,813
New York 4,005,248
Ohio 14,121
Oklahoma 712,555
Oregon 364,130
Pennsylvania 1,735,260
Rhode Island 111,681
South Carolina 377,474
South Dakota 87,981
Tennessee 504,850
Texas 1,113,694
Utah 243,182
Virginia 571,298
Vermont 99,904
Washington 3,397
Wisconsin 1,115,420
West Virginia 174,117
Wyoming 1,200
United States $31,528,312

(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, 2012 (1)

($000)

State Claims and benefits paid
Alabama $4,890,686
Alaska 786,146
Arkansas 2,784,639
Arizona 7,500,805
California 41,886,798
Colorado 6,863,322
Connecticut 16,248,658
D.C. 1,781,718
Delaware 10,736,372
Florida 27,716,020
Georgia 9,550,848
Hawaii 2,253,240
Idaho 1,579,441
Illinois 18,006,450
Indiana 8,356,937
Iowa 5,487,144
Kansas 5,349,733
Kentucky 4,362,263
Louisiana 5,102,934
Maine 1,774,176
Maryland 8,194,850
Massachusetts 12,266,518
Michigan 14,213,682
Minnesota 8,993,581
Mississippi 2,498,713
Missouri 9,192,585
Montana 963,388
Nebraska 3,061,237
Nevada 2,601,015
New Hampshire 2,332,444
New Jersey 18,175,834
New Mexico 2,434,973
New York 35,559,412
North Carolina 13,120,047
North Dakota 848,196
Ohio 16,207,060
Oklahoma 3,716,079
Oregon 4,806,055
Pennsylvania 21,577,524
Rhode Island 1,857,320
South Carolina 5,150,284
South Dakota 1,090,580
Tennessee 7,581,860
Texas 24,405,679
Utah 3,387,341
Vermont 1,141,331
Virginia 10,157,400
Washington 7,754,328
West Virginia 1,790,565
Wisconsin 8,166,974
Wyoming 577,795
United States $436,842,982

(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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