Insurance Losses by State

What We’re Showing

The total insurance losses by state in 2022, using data from the Insurance Information Institute.

Figures include incurred losses, or losses reported in 2022, whether or not they were adjusted or paid.

Bigger States See Most Insurance Losses

• The four states with the highest insurance losses—Florida, California, Texas, and New York—are also among the most populated states.
• Florida and California lead with $66.96 billion and $63.16 billion in losses respectively, primarily due to frequent natural disasters like hurricanes and wildfires, which cause extensive damage to high-value properties.
• Texas and New York follow with significant losses, driven by severe weather events like hurricanes and winter storms, with New York City's high property values also adding to the value of insurance losses in the state of New York.