New York Insurance Claims & Adjusters Stats

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2014 New York Insurance Adjuster Employment
Adjusters* Per Office Independent Ratio Management Ratio
16,087 10 1:4 1:7.8
SOURCES: The Claims Pages Adjuster Services Department      * In-State & Out-of-State Adjusters
2014 New York Insurance Company Breakdown
Largest Adjuster Concentration Largest Number of Adjusters
New York - 1,512 Chartis Ins
SOURCES: The Claims Pages Adjuster Services Department
2013 New York Incurred Losses
Type of Loss Total Incurred Losses
Property / Casualty $18,993,882,000
Automotive $6,910,290,000
Homeowners $1,696,554,000
Commercial $10,081,172,000
Workers' Comp $2,301,789,000
TOTAL $39,983,687,000
SOURCES: SNL Financial LC. Insurance Information Institute. 2013.
2014 New York Tornadoes and Related Deaths
Total Tornado Count Related Fatalities
10 4
SOURCES: U.S. Department of Commerce, Storm Prediction Center, National Weather Service.
2014 New York Wildfire Count and Coverage
Total Wildfire Count Acres Burned
94 582
SOURCES: National Interagency Fire Center.
New York State Department of Financial Services
Benjamin Lawsky, Superintendent
1 State St
New York, NY 10004
Phone: 212-480-6400
FIND SERVICE PROVIDERS
1,000,000+ COMPANY LISTINGS
New York Quick Stats
The 2013 insurance company claims payments in New York as measured by direct property/casualty incurred losses, were $19,000,000,000.
The insurance industry provided 191,930 jobs in New York in 2013, according to the Department of Commerce. These jobs accounted for about $19,282,165,000 in compensation in New York.
$42,035,000,000 of the New York gross state product was contributed by the insurance industry, accounting for 3.3% of the GSP.
Direct premiums written by property/casualty insurance companies in New York totaled $40,175,905,000 in 2013.
Life/health premiums in New York totaled $61,962,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).
Life insurance claims and benefits payouts in New York totaled $35,300,000,000 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 York surplus lines market accounted for $2,911,300,000 in gross premiums written in 2013, according to a survey by Business Insurance.
Premium taxes paid by insurance companies in New York totaled $1,435,166,000 in 2013.