NAIC Releases 2015 Insurance Department Resources Report – Volume Two
Jul 25, 2016
Contains Key Statistics on Premiums By State, By Line of Business and Budget Information
The National Association of Insurance Commissioners (“NAIC”) released the second volume of the 29th edition of the Insurance Department Resources Report (“IDRR”) today, July 25, 2016. The report is intended to help insurance departments assess their resources in comparison to other states. It details how state insurance departments manage available resources to effectively regulate a complex and competitive industry.
To view the Report, click here.
The first volume, published in June, included data on staffing, budgeting and examination information. The second volume includes admitted premium by state, by line of business; excess and surplus lines premium; and relational statistics including budget as a percent of revenues, budget as a percentage of premiums and revenues as a percentage of premiums.
To access Volume One, click here.
Findings in Volume Two include:
- California reported the largest 2015 premium, which is $124.4 billion greater than the second-largest 2015 premium, which is New York.
- Total premium collected increased by 8 percent.
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