Rhode Island Insurance Claims & Adjusters Stats

2023 Rhode Island Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
11,793	9	1:3.6	1:7.4

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

2023 Rhode Island Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
Lincoln - 84	Amica Mutual Insurance Co

SOURCES: The Claims Pages Adjuster Services Department

2013 Rhode Island Incurred Losses

Type of Loss	Total Incurred Losses
Property / Casualty	$1,080,667,000
Automotive	$506,036,000
Homeowners	$124,787,000
Commercial	$435,585,000
Workers' Comp	$104,739,000

TOTAL	$2,251,814,000

SOURCES: SNL Financial LC. Insurance Information Institute. 2013.

Rhode Island Tornadoes and Related Deaths

Total Tornado Count	Related Fatalities
0	0

SOURCES: U.S. Department of Commerce, Storm Prediction Center, National Weather Service.

Rhode Island Wildfire Count and Coverage

Total Wildfire Count	Acres Burned
1	0

SOURCES: National Interagency Fire Center.

Rhode Island Department of Business Regulation, Insurance Division

Elizabeth Keleher Dwyer, Superintendent

1511 Pontiac Ave

Cranston, RI 2920

Phone: 401-462-9520

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Rhode Island Quick Stats

The 2013 insurance company claims payments in Rhode Island as measured by direct property/casualty incurred losses, were $1,100,000,000.

The insurance industry provided 11,576 jobs in Rhode Island in 2013, according to the Department of Commerce. These jobs accounted for about $897,279,000 in compensation in Rhode Island.

$2,007,000,000 of the Rhode Island gross state product was contributed by the insurance industry, accounting for 3.9% of the GSP.

Direct premiums written by property/casualty insurance companies in Rhode Island totaled $2,024,660,000 in 2013.

Life/health premiums in Rhode Island totaled $2,495,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).

Life insurance claims and benefits payouts in Rhode Island totaled $1,700,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.

The Rhode Island surplus lines market accounted for $21,900,000 in gross premiums written in 2013, according to a survey by Business Insurance.

Premium taxes paid by insurance companies in Rhode Island totaled $94,915,000 in 2013.

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