New Jersey Insurance Claims & Adjusters Stats

2020 New Jersey Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
13,895	8	1:3.7	1:7.4

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

2020 New Jersey Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
Parsippany - 121	Liberty Mutual Insurance

SOURCES: The Claims Pages Adjuster Services Department

2013 New Jersey Incurred Losses

Type of Loss	Total Incurred Losses
Property / Casualty	$11,433,517,000
Automotive	$4,324,004,000
Homeowners	$677,155,000
Commercial	$6,344,715,000
Workers' Comp	$1,431,561,000

TOTAL	$24,210,952,000

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

New Jersey Tornadoes and Related Deaths

Total Tornado Count	Related Fatalities
0	0

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

New Jersey Wildfire Count and Coverage

Total Wildfire Count	Acres Burned
962	10,400

SOURCES: National Interagency Fire Center.

New Jersey Department of Banking & Insurance

Marlene Caride, Commissioner

PO Box 325

Trenton, NJ 8625

Phone: 609-292-7272

FIND SERVICE PROVIDERS

1,000,000+ COMPANY LISTINGS

New Jersey Quick Stats

The 2013 insurance company claims payments in New Jersey as measured by direct property/casualty incurred losses, were $11,400,000,000.

The insurance industry provided 98,284 jobs in New Jersey in 2013, according to the Department of Commerce. These jobs accounted for about $10,066,035,000 in compensation in New Jersey.

$20,290,000,000 of the New Jersey gross state product was contributed by the insurance industry, accounting for 3.8% of the GSP.

Direct premiums written by property/casualty insurance companies in New Jersey totaled $18,982,651,000 in 2013.

Life/health premiums in New Jersey totaled $27,365,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).

Life insurance claims and benefits payouts in New Jersey totaled $18,700,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.

The New Jersey surplus lines market accounted for $1,458,300,000 in gross premiums written in 2013, according to a survey by Business Insurance.

Premium taxes paid by insurance companies in New Jersey totaled $568,484,000 in 2013.