New Mexico Insurance Claims & Adjusters Stats

2021 New Mexico Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
12,231	9	1:3.8	1:6.9

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

2021 New Mexico Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
Albuquerque - 39	Allstate Insurance Co

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 Superintendent of Insurance

Russell Toal, Superintendent

120 Paseo de Peralta, Ste 428

Santa Fe, NM 87501

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.