New York Insurance Claims & Adjusters Stats

2020 New York Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
17,355	9	1:4.3	1:7.9

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

2020 New York Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
New York - 1,386	AIG Claims, Inc

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.

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.

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

Linda A lacewell, 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.