Aspen Claims Service

Massachusetts Insurance Claims & Adjusters Stats

2023 Massachusetts Insurance Adjuster Employment
Adjusters* Per Office Independent Ratio Management Ratio
12,662 9 1:3.6 1:7.9
SOURCES: The Claims Pages Adjuster Services Department      * In-State & Out-of-State Adjusters
2023 Massachusetts Insurance Company Breakdown
Largest Adjuster Concentration Largest Number of Adjusters
Boston - 180 Hanover Insurance Group
SOURCES: The Claims Pages Adjuster Services Department
2013 Massachusetts Incurred Losses
Type of Loss Total Incurred Losses
Property / Casualty $6,070,072,000
Automotive $2,644,104,000
Homeowners $666,345,000
Commercial $2,696,607,000
Workers' Comp $651,241,000
TOTAL $12,728,369,000
SOURCES: SNL Financial LC. Insurance Information Institute. 2013.
Massachusetts Tornadoes and Related Deaths
Total Tornado Count Related Fatalities
5 0
SOURCES: U.S. Department of Commerce, Storm Prediction Center, National Weather Service.
Massachusetts Wildfire Count and Coverage
Total Wildfire Count Acres Burned
1,169 1,197
SOURCES: National Interagency Fire Center.
Massachusetts Division of Insurance
Gary D Anderson, Commissioner
1000 Washington St Ste 810
Boston, MA 2118
Phone: 617-521-7794
Fax: 617-956-1599
Massachusetts Quick Stats
The 2013 insurance company claims payments in Massachusetts as measured by direct property/casualty incurred losses, were $6,100,000,000.
The insurance industry provided 79,380 jobs in Massachusetts in 2013, according to the Department of Commerce. These jobs accounted for about $7,691,694,000 in compensation in Massachusetts.
$13,665,000,000 of the Massachusetts gross state product was contributed by the insurance industry, accounting for 3.2% of the GSP.
Direct premiums written by property/casualty insurance companies in Massachusetts totaled $12,629,616,000 in 2013.
Life/health premiums in Massachusetts totaled $19,400,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).
Life insurance claims and benefits payouts in Massachusetts totaled $16,500,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.
The Massachusetts surplus lines market accounted for $696,400,000 in gross premiums written in 2013, according to a survey by Business Insurance.
Premium taxes paid by insurance companies in Massachusetts totaled $403,757,000 in 2013.

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