Our nation's economy depends on the vital services provided by the insurance industry. Few of us could afford the risk of owning a home, driving a car or running a business without the insurance protection provided by property-casualty insurance companies. Beyond providing vital services, insurers play a significant role in the economic security of our nation as a whole, and that of individual states.
Insurers pay billions of dollars in claims and benefits to policyholders every year, and make substantial investments in our country's infrastructure, housing, transportation, education and business growth. In addition, insurers pay billions of dollars annually in taxes, fees and special assessments. Property-casualty insurers also create and maintain hundreds of thousands of jobs across the country.
AIA has prepared profiles for each state and Washington, D.C., as well as a national profile, specifically detailing the economic contributions of property-casualty insurers in the areas of employment and income, taxes, investments in state and local government, and reimbursement for insured losses. The map above is linked to all of AIA's state insurance economic profiles. Please click on an individual state to access its profile. (Note: In the crowded areas of the map, clicking on a state's 2-letter abbreviation will open its profile.)
For a national profile, please click here
For sources and notes on the data underlying the profiles, please click here
For further information on the economic contributions of insurers, please see the AIA Advocate entitled "Property-Casualty Insurance and the U.S. Economy" found here