|
| The Insurance Industry In Georgia |
| 2005: |
| Georgia-based property and casualty insurers: |
38 |
|
| Insurers based in other states: |
859 |
| Includes insurers with multiple subsidiary companies |
| 2005: |
| Total written premiums paid in Georgia for all P&C insurers: $12,262,721,829 |
| Total written premiums paid in Georgia for workers compensation insurance: $1.2 billion |
| Georgia Taxes Paid By Property and Casualty Insurers |
| 2005: |
| Net Premium taxes collected for the State |
$320,748,611 |
|
| Premium taxes collected for Local Government |
$300,140,402 |
|
| Total Premium Taxes Paid by All P&C Insurers in Georgia |
$620,889,013 |
|
| Note: The amount local governments receive is based on each entity's population |
| The Property and Casualty Industry Workforce in Georgia |
| 1st Quarter, 2006 |
14,827 |
|
| Note: Includes companies and any agencies that have three or more employees (benchmark for paying unemployment taxes.) |
| Average weekly wage: |
$1,370.00 |
|
| Average annual wage: |
$71,234.00 |
|
| Insurance Jobs In Georgia |
| 1Q 2006 |
| Life, Health, Property and Casualty |
61,132 |
|
| Average weekly wage: |
$1,380.00 |
|
| Average annual wage: |
$71,776.00 |
|
| Insurance Agencies and Brokers |
| 1Q 2006: |
| Resident Property & Casualty Insurance Agents Licensed in Georgia: |
17,388 |
|
| Agents pay annually: |
| Renewal fee: |
$50 |
|
| Appointment Fee: |
$20 |
|
Note: Agents pay an appointment fee to represent each insurer each year.
The Department of Insurance receives approximately $869,400 in annual renewal fees. |
Source: Ga. Department of Insurance/Ga. Department of Labor
| Georgia Insurers Help Fight Arson With The Georgia Arson Control Program |
The Georgia Arson Control Program, Inc. (GAC) was formed in January of 1979 by property and casualty insurers writing business in Georgia. GAC, with the cooperation of the Commissioner, Georgia Department of Insurance and Safety Fire, and state/local law enforcement agencies, established an ARSON HOTLINE. A reward fund was initiated from which monetary rewards are given to individuals who come forward with information that results in the arrest and conviction of arsonists.
At the discretion of the GAC’s Reward Committee, up to $10,000 may be paid for information resulting in the arrest and conviction of the person(s) responsible for planning or committing arson in the state of Georgia.
As of October, 2007: |
| Number of Rewards |
Total Rewards |
Average Reward |
| 488 |
$1,371,850 |
$2,811 |
|
