Virginia Insurance Claims & Adjusters Stats

2023 Virginia Insurance Adjuster Employment

Adjusters*	Per Office	Independent Ratio	Management Ratio
15,344	9	1:4.1	1:7

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

2023 Virginia Insurance Company Breakdown

Largest Adjuster Concentration	Largest Number of Adjusters
Richmond - 430	Travelers

SOURCES: The Claims Pages Adjuster Services Department

2013 Virginia Incurred Losses

Type of Loss	Total Incurred Losses
Property / Casualty	$5,654,725,000
Automotive	$2,711,783,000
Homeowners	$664,508,000
Commercial	$2,174,083,000
Workers' Comp	$549,629,000

TOTAL	$11,754,728,000

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

Virginia Tornadoes and Related Deaths

Total Tornado Count	Related Fatalities
12	0

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

Virginia Wildfire Count and Coverage

Total Wildfire Count	Acres Burned
736	10,446

SOURCES: National Interagency Fire Center.

Virginia State Corporation Commission, Bureau of Insurance

Mark C Christie and Judith W Jagdmann, , Commissioners

PO Box 1157

Richmond, VA 23218

Phone: 804-371-9733

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Virginia Quick Stats

The 2013 insurance company claims payments in Virginia as measured by direct property/casualty incurred losses, were $5,700,000,000.

The insurance industry provided 63,850 jobs in Virginia in 2013, according to the Department of Commerce. These jobs accounted for about $4,326,876,000 in compensation in Virginia.

$5,725,000,000 of the Virginia 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 Virginia totaled $11,768,965,000 in 2013.

Life/health premiums in Virginia totaled $15,878,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).

Life insurance claims and benefits payouts in Virginia totaled $10,400,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.

The Virginia surplus lines market accounted for $570,800,000 in gross premiums written in 2013, according to a survey by Business Insurance.

Premium taxes paid by insurance companies in Virginia totaled $392,397,000 in 2013.

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