$332B in Premiums Makes California World’s 4th Largest Insurance Market
California’s annual insurance premium volume has increased to $332 billion, Insurance Commissioner Dave Jones announced on Thursday.
That makes California is the 4th largest insurance market in the world, and the state remains the largest insurance market in the United States, according to the California Department of Insurance.
In California, there are more than 24 classes of insurance sold by more than 1,300 companies, and there are more than 410,000 agents, brokers, adjusters, and business entities licensed to sell insurance in the state, according to the CDI.