New Mexico Insurance Claims & Adjusters Stats

2017 New Mexico Insurance Adjuster Employment
Adjusters* Per Office Independent Ratio Management Ratio
9,737 9 1:2.8 1:7
SOURCES: The Claims Pages Adjuster Services Department      * In-State & Out-of-State Adjusters
2017 New Mexico Insurance Company Breakdown
Largest Adjuster Concentration Largest Number of Adjusters
Albuquerque - 45 Allstate Ins
SOURCES: The Claims Pages Adjuster Services Department
2013 New Mexico Incurred Losses
Type of Loss Total Incurred Losses
Property / Casualty $1,814,606,000
Automotive $711,379,000
Homeowners $221,981,000
Commercial $853,176,000
Workers' Comp $140,587,000
TOTAL $3,741,729,000
SOURCES: SNL Financial LC. Insurance Information Institute. 2013.
New Mexico Tornadoes and Related Deaths
Total Tornado Count Related Fatalities
17 0
SOURCES: U.S. Department of Commerce, Storm Prediction Center, National Weather Service.
New Mexico Wildfire Count and Coverage
Total Wildfire Count Acres Burned
728 23,440
SOURCES: National Interagency Fire Center.
New Mexico Public Regualtion Commission, Division of Insurance
John Franchini, Superintendent
PO Box 1689
Santa Fe, NM 87504
Phone: 855-427-5674
FIND SERVICE PROVIDERS
1,000,000+ COMPANY LISTINGS
New Mexico Quick Stats
The 2013 insurance company claims payments in New Mexico as measured by direct property/casualty incurred losses, were $1,400,000,000.
The insurance industry provided 11,470 jobs in New Mexico in 2013, according to the Department of Commerce. These jobs accounted for about $563,412,000 in compensation in New Mexico.
$1,132,000,000 of the New Mexico gross state product was contributed by the insurance industry, accounting for 1.3% of the GSP.
Direct premiums written by property/casualty insurance companies in New Mexico totaled $2,865,535,000 in 2013.
Life/health premiums in New Mexico totaled $2,798,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).
Life insurance claims and benefits payouts in New Mexico totaled $2,500,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.
The New Mexico surplus lines market accounted for $9,800,000 in gross premiums written in 2013, according to a survey by Business Insurance.
Premium taxes paid by insurance companies in New Mexico totaled $125,836,000 in 2013.