Maryland Insurance Claims & Adjusters Stats

2021 Maryland Insurance Adjuster Employment
Adjusters* Per Office Independent Ratio Management Ratio
14,034 9 1:4 1:7.2
SOURCES: The Claims Pages Adjuster Services Department      * In-State & Out-of-State Adjusters
2021 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
Al Redmer Jr, Commissioner
200 St Paul Pl Ste 2700
Baltimore, MD 21202
Phone: 410-468-2000
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.
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