Minnesota Insurance Claims & Adjusters Stats

2020 Minnesota Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
12,377	9	1:4	1:7.2

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

2020 Minnesota Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
Saint Paul - 215	Travelers

SOURCES: The Claims Pages Adjuster Services Department

2013 Minnesota Incurred Losses

Type of Loss	Total Incurred Losses
Property / Casualty	$6,683,611,000
Automotive	$1,831,270,000
Homeowners	$1,090,155,000
Commercial	$3,609,599,000
Workers' Comp	$524,995,000

TOTAL	$13,739,630,000

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

Minnesota Tornadoes and Related Deaths

Total Tornado Count	Related Fatalities
28	0

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

Minnesota Wildfire Count and Coverage

Total Wildfire Count	Acres Burned
990	4,367

SOURCES: National Interagency Fire Center.

Minnesota Department of Commerce, Insurance Division

Mike Rothman, Commissioner

85 7th Pl E Ste 500

St Paul, MN 55101

Phone: 651-539-1500

Fax: 651-539-1547

FIND SERVICE PROVIDERS

1,000,000+ COMPANY LISTINGS

Minnesota Quick Stats

The 2013 insurance company claims payments in Minnesota as measured by direct property/casualty incurred losses, were $6,700,000,000.

The insurance industry provided 81,966 jobs in Minnesota in 2013, according to the Department of Commerce. These jobs accounted for about $7,160,044,000 in compensation in Minnesota.

$10,790,000,000 of the Minnesota gross state product was contributed by the insurance industry, accounting for 3.6% of the GSP.

Direct premiums written by property/casualty insurance companies in Minnesota totaled $10,237,095,000 in 2013.

Life/health premiums in Minnesota totaled $12,576,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).

Life insurance claims and benefits payouts in Minnesota totaled $9,500,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.

The Minnesota surplus lines market accounted for $425,000,000 in gross premiums written in 2013, according to a survey by Business Insurance.

Premium taxes paid by insurance companies in Minnesota totaled $400,974,000 in 2013.