Vermont Insurance Claims & Adjusters Stats

2023 Vermont Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
11,742	9	1:3.7	1:7.5

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

2023 Vermont Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
Waitsfield - 125	Vermont Mutual Ins Co

SOURCES: The Claims Pages Adjuster Services Department

2013 Vermont Incurred Losses

Type of Loss	Total Incurred Losses
Property / Casualty	$569,684,000
Automotive	$189,677,000
Homeowners	$78,785,000
Commercial	$289,786,000
Workers' Comp	$99,746,000

TOTAL	$1,227,678,000

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

Vermont Tornadoes and Related Deaths

Total Tornado Count	Related Fatalities
0	0

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

Vermont Wildfire Count and Coverage

Total Wildfire Count	Acres Burned
53	91

SOURCES: National Interagency Fire Center.

Vermont Department of Financial Regulation

Michael S Pieciak, Commissioner

89 Main St

Montpelier, VT 5602

Phone: 800-964-1784

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Vermont Quick Stats

The 2013 insurance company claims payments in Vermont as measured by direct property/casualty incurred losses, were $570,000,000.

The insurance industry provided 5,022 jobs in Vermont in 2013, according to the Department of Commerce. These jobs accounted for about $343,770,000 in compensation in Vermont.

$819,000,000 of the Vermont gross state product was contributed by the insurance industry, accounting for 2.9% of the GSP.

Direct premiums written by property/casualty insurance companies in Vermont totaled $1,382,455,000 in 2013.

Life/health premiums in Vermont totaled $1,252,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).

Life insurance claims and benefits payouts in Vermont totaled $979,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.

The Vermont surplus lines market accounted for $51,000,000 in gross premiums written in 2013, according to a survey by Business Insurance.

Premium taxes paid by insurance companies in Vermont totaled $57,517,000 in 2013.

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