New Jersey Insurance Claims & Adjusters Stats

2021 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
2021 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
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.
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