Michigan Insurance Claims & Adjusters Stats

2017 Michigan Insurance Adjuster Employment
Adjusters* Per Office Independent Ratio Management Ratio
12,573 9 1:3.8 1:7.7
SOURCES: The Claims Pages Adjuster Services Department      * In-State & Out-of-State Adjusters
2017 Michigan Insurance Company Breakdown
Largest Adjuster Concentration Largest Number of Adjusters
Grand Rapids - 525 AAA Michigan
SOURCES: The Claims Pages Adjuster Services Department
2013 Michigan Incurred Losses
Type of Loss Total Incurred Losses
Property / Casualty $13,549,259,000
Automotive $8,183,301,000
Homeowners $1,322,035,000
Commercial $3,836,008,000
Workers' Comp $511,318,000
TOTAL $27,401,921,000
SOURCES: SNL Financial LC. Insurance Information Institute. 2013.
Michigan Tornadoes and Related Deaths
Total Tornado Count Related Fatalities
17 0
SOURCES: U.S. Department of Commerce, Storm Prediction Center, National Weather Service.
Michigan Wildfire Count and Coverage
Total Wildfire Count Acres Burned
268 716
SOURCES: National Interagency Fire Center.
Michigan Department of Insurance and Financial Services
Annette E Flood, Director
DIFS PO Box 30220
Lansing, MI 48909
Phone: 517-373-0220
Fax: 517-335-4978
FIND SERVICE PROVIDERS
1,000,000+ COMPANY LISTINGS
Michigan Quick Stats
The 2013 insurance company claims payments in Michigan as measured by direct property/casualty incurred losses, were $13,500,000,000.
The insurance industry provided 77,336 jobs in Michigan in 2013, according to the Department of Commerce. These jobs accounted for about $4,781,764,000 in compensation in Michigan.
$12,305,000,000 of the Michigan gross state product was contributed by the insurance industry, accounting for 3.0% of the GSP.
Direct premiums written by property/casualty insurance companies in Michigan totaled $16,563,175,000 in 2013.
Life/health premiums in Michigan totaled $19,468,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).
Life insurance claims and benefits payouts in Michigan totaled $15,800,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.
The Michigan surplus lines market accounted for $581,200,000 in gross premiums written in 2013, according to a survey by Business Insurance.
Premium taxes paid by insurance companies in Michigan totaled $294,313,000 in 2013.