Virginia Insurance Claims & Adjusters Stats

2017 Virginia Insurance Adjuster Employment
Adjusters* Per Office Independent Ratio Management Ratio
13,264 9 1:3.4 1:7
SOURCES: The Claims Pages Adjuster Services Department      * In-State & Out-of-State Adjusters
2017 Virginia Insurance Company Breakdown
Largest Adjuster Concentration Largest Number of Adjusters
Richmond - 750 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
Jacqueline K Cunningham, Commissioner
PO Box 1157
Richmond, VA 23218
Phone: 804-371-9741
FIND SERVICE PROVIDERS
1,000,000+ COMPANY LISTINGS
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.