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P&C Insurance Industry Quick Links
In an economy where secure, good paying jobs are difficult to come by, insurance continues to employ thousands of people through company regional office positions as well as insurance agents and support personnel.
Carole Walker, RMIIA

Scope of Business

Insurance in the United States is divided into two broad categories: life and health insurance, and property and casualty insurance.

The Rocky Mountain Insurance Information Association focuses on property and casualty insurance. According to the National Association of Insurance Commissioners (NAIC) there were 2,623 property/casualty insurance companies in the United States in 2013. Insurance jobs employed more than 3.0 million people with P & C insurance invested assets totaling $1.4 trillion in 2013. Source: U.S. Dept. of Labor

P & C and Life & Health insurers paid $17.4 billion in premium taxes in 2013, or $55 for every person living in the U.S. Source: U.S. Dept. of Labor

P & C insurers paid out $12.9 billion in property losses related to catastrophes in 2013, compared to $35 billion in 2012. There were 28 declared catastrophes in 2013 compared with 26 in 2012. Source: ISO, a Verisk Analytics company

Colorado experienced record-setting wildfires in June 2013, then record flooding in September and was the 5th most costly catastrophe state with $907 million in losses.

Insurance Information Institute President, Robert Hartwig, provides an overview of the economic implications of 2013 natural catastrophes, and the impact on underwriting performance and profitability of the U.S. P & C insurance industry.

Direct Written Premiums

Direct premiums written are premiums collected by an insurer from policyholders. They are a measure of how large a book of business each company has in a particular market. Direct premiums written by property and casualty insurers in 2013 totaled $477 billion. Source: ISO, a Verisk Analytics company

Here's how the Rocky Mountain Region stacks up:

  • Colorado: $9.2 billion
  • New Mexico: $2.8 billion
  • Utah: $3.6 billion
  • Wyoming: $1.0 billion

California had the most direct premiums written ($61.7 billion), followed by Texas, Florida, New York, and Illinois. For more detailed industry financial and economical data, please visit

Additional Information