Maryland Insurance Claims & Adjusters Stats

2019 Maryland Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
14,160	9	1:3.5	1:7.2

SOURCES: The Claims Pages Adjuster Services Department * In-State & Out-of-State Adjusters

2019 Maryland Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
Hunt Valley - 300	Travelers

SOURCES: The Claims Pages Adjuster Services Department

2013 Maryland Incurred Losses

Type of Loss	Total Incurred Losses
Property / Casualty	$5,612,042,000
Automotive	$2,407,572,000
Homeowners	$589,338,000
Commercial	$2,555,696,000
Workers' Comp	$622,290,000

TOTAL	$11,786,938,000

SOURCES: SNL Financial LC. Insurance Information Institute. 2013.

Maryland Tornadoes and Related Deaths

Total Tornado Count	Related Fatalities
2	0

SOURCES: U.S. Department of Commerce, Storm Prediction Center, National Weather Service.

Maryland Wildfire Count and Coverage

Total Wildfire Count	Acres Burned
125	1,802

SOURCES: National Interagency Fire Center.

Maryland Insurance Administration

Therese Goldsmith, Commissioner

200 St Paul Pl Ste 2700

Baltimore, MD 21202

Phone: 410-468-2000

Fax: 410-468-2020

FIND SERVICE PROVIDERS

1,000,000+ COMPANY LISTINGS

Maryland Quick Stats

The 2013 insurance company claims payments in Maryland as measured by direct property/casualty incurred losses, were $5,600,000,000.

The insurance industry provided 47,930 jobs in Maryland in 2013, according to the Department of Commerce. These jobs accounted for about $3,684,298,000 in compensation in Maryland.

$7,229,000,000 of the Maryland gross state product was contributed by the insurance industry, accounting for 2.2% of the GSP.

Direct premiums written by property/casualty insurance companies in Maryland totaled $9,952,664,000 in 2013.

Life/health premiums in Maryland totaled $13,548,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).

Life insurance claims and benefits payouts in Maryland totaled $8,700,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.

The Maryland surplus lines market accounted for $409,800,000 in gross premiums written in 2013, according to a survey by Business Insurance.

Premium taxes paid by insurance companies in Maryland totaled $429,410,000 in 2013.