CT Insurance Impact Study 12-06

8/14/2019 CT Insurance Impact Study 12-06

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Introduction

Insure Connecticut's Future and the Connecticut Insurance andFinancial Services Cluster present this study as part of an ongoingeffort to quantify the impact of the insurance industry on theeconomy and, ultimately, on the quality of life in the state ofConnecticut.

For more information, please visit www.bestpolicy4CT.com .


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Table of contents

Industry definition and size

Employment and occupations

Wages and salariesGross state product/Value added

State economic sectors

National competitiveness

4

10

2025

37

42


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Insurance carrier industry definition

Industry NameNAICS Code

Re-insurance524130

Property/Casualty Ins.524126

Health Insurance524114

Life Insurance524113


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Number of insurance carrier headquarters in CT

17 Life insurance11 Accident and health insurance

5 Hospital and medical service plans

26 Fire, marine, and casualty insurance

5 Surety insurance

8 Reinsurance

Source: D&B Sales & Marketing Solutions, 2006; Connecticut Insurance

Department, 2006


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Connecticut Magazine's list of

the 100 largest companies headquartered in the state

Source: http://www2.connecticutmag.com/site/ct100.asp . Ranked according to annual sales, 2005.

$223,000StamfordIndependence Holding Co.8686

$850,000New HavenKnights of Columbus Corp.--48

$2,656,000StamfordOdyssey Re Holdings Corp.--19

$2,732,000HartfordPhoenix Companies Inc.2018

$4,513,000GreenwichW.R. Berkley Corp1713

$19,904,000HartfordAetna Inc.55

$22,693,000HartfordThe Hartford Financial Services

Group44

SALES

(000s)TOWNCOMPANY20052006


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There were more than 67,000 insurance carrier jobsin Connecticut in 2004

Source: U.S. Census Bureau, County BusinessPatterns

Re-insurance,2,922

Life,29,134

Health,22,096

Property/Casualty,13,288


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Insurance employment by county: 1994 and 2004

Region GrowthTotal Percent Total Percent

Connecticut 66,921 67,667 1.1%Fairfield 6,187 9% 8,528 13% 37.8%Hartford 49,067 73% 49,370 73% 0.6%New Haven 5,421 8% 3,926 6% -27.6%Other 6,246 9% 5,843 9% -6.5%

Source: US Census Bureau, County Business Patterns

1994 (SIC) 2004(NAICS)


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CT has triple the U.S. average of insurance carrier jobs

Source: Moodys Economy.com, BLS

Insurance carrier jobs, percent of total state employment 1995-2005

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5

CT

US


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CT has the highest concentrationof insurance carrier jobs in the U.S.

0.0%

0.5%

1.0%1.5%

2.0%

2.5%

3.0%

3.5%

A l a s k a

W y o m

i n g

L o u

i s i a n a

A r k a n s a s

M i s s i s s

i p p i

M o n

t a n a

N e v a d a

W e s

t V i r g

i n i a

D i s t r i c t O f C o

l u m

b i a

N e w

M e x

i c o U t a h

S o u

t h D a k o t a

V e r m o n

t

V i r g

i n i a

K e n

t u c k y

H a w a

i i

A r i z o n a

N o r t

h C a r o

l i n a

M a r y l a n d

T e n n e s s e e

G e o r g i a

W a s

h i n g

t o n

K a n s a s

C a l

i f o r n i a

A l a b a m a

O k l a h o m a

M i c h i g a n

I n d i a n a

O r e g o n

T e x a s

F l o r i d a

I d a h o

D e l a w a r e

M i s s o u r

i

S o u

t h C a r o

l i n a

N e w

Y o r

k

C o

l o r a

d o

I l l i n o i s

M a i n e

R h o

d e

I s l a n d

P e n n s y

l v a n i a

M a s s a c h u s e

t t s

N o r t

h D a k o t a

O h i o

N e w

J e r s e y

M i n n e s o t a

N e w

H a m p s h

i r e

W i s c o n s i n I o

w a

N e b r a s k a

C o n n e c

t i c u t

Source: Moodys Economy.com

Employment: Insurance carriers (SA) as a percent of state total 2006 est.


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CTs share of total U.S. employment is just 1.2 percent


Total state employment (SA) as a percent of total U.S. employment 2006 est.

0%

1%2%3%4%5%6%

7%8%9%

10%11%12%

W y o m

i n g

V e r m o n

t

A l a s k a

N o r

t h D a k o t a

S o u

t h D a k o t a

M o n

t a n a

D e l a w a r e

R h o d e I s l a n d

M a i n e

H a w a i

i

I d a h o

N e w

H a m p s

h i r e

D i s t r i c t O f C o l u m

b i a

W e s

t V i r g i n i a

N e w

M e x

i c o

N e b r a s k a

M i s s i s s

i p p i

U t a h

A r k a n s a s

N e v a d a

K a n s a s

I o w a

O k l a h o m a

C o n n e c t

i c u t

O r e g o n

L o u i s i a n a

K e n

t u c k y

S o u

t h C a r o l

i n a

A l a b a m a

C o l o r a d o

M a r y l a n

d

A r i z o n a

M i n n e s o

t a

M i s s o u r

i

T e n n e s s e e

W a s

h i n g

t o n

W i s c o n s

i n

I n d i a n a

M a s s a c h u s e t

t s

V i r g i n i a

N o r

t h C a r o l

i n a

G e o r g

i a

N e w

J e r s e y

M i c h i g a n

O h i o

P e n n s y l v a n i a

I l l i n o i s

F l o r i d a

N e w

Y o r

k

T e x a s

C a l

i f o r n

i a


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CTs share of total U.S. insurance carrieremployment is 3.9 percent


State insurance carrier employment (SA) as a percent of total U.S. insurance carrieremployment 2006 est.

0%

1%

2%

3%

4%

5%6%

7%

8%

9%

10%

W y o m

i n g

A l a s k a

M o n

t a n a

V e r m o n

t

S o u

t h D a k o t a

D i s t r i c t O f

W e s

t V i r g i n i a

D e l a w a r e

H a w a i

i

N e w

M e x

i c o

N o r

t h D a k o t a

A r k a n s a s

M i s s i s s

i p p i

I d a h o

N e v a d a


L o u i s i a n a

U t a h

M a i n e

N e w

K a n s a s

K e n

t u c k y

O k l a h o m a

O r e g o n

A l a b a m a

A r i z o n a

S o u

t h C a r o l

i n a

M a r y l a n

d

N e b r a s k a

T e n n e s s e e

W a s

h i n g

t o n

V i r g i n i a

C o l o r a d o

I n d i a n a

M i s s o u r

i

I o w a

N o r

t h C a r o l

i n a

G e o r g

i a

M i c h i g a n

M i n n e s o

t a


t s

W i s c o n s

i n

C o n n e c t

i c u t

N e w

J e r s e y

I l l i n o i s


O h i o

F l o r i d a

N e w

Y o r

k

T e x a s

C a l

i f o r n

i a


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2004 2014 Net PercentFinance and Insurance 120,550 131,130 10,580 8.8%Credit Intermediation and Related Activities 31,660 33,320 1,660 5.2%Securities, Commodity Contracts, Other Financial 18,400 23,850 5,450 29.6%Insurance Carriers and Related Activities 65,640 68,310 2,670 4.1%Funds, Trusts, and Other Financial Vehicles 4,750 5,550 800 16.8%

Industry Employment 10-Year Change

Source: Connecticut Department of Labor

The insurance carrier industry hasthe slowest projected growth rate in the IFS sector


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Insurance carrier employment has grown2.4% in CT since 1995

-28.3%

-24.8%

-23.6%-18.0%

-16.9%

-15.9%

-15.5%

-10.9%

-10.2%-9.1%

-8.3%

-4.5%

-1.5%

-0.7%

-0.1%

0.8%

0.9%

2.4%

-35.0% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0%

Louisiana

Distr ict Of Columbia

MississippiVermont

Illinois

Arkansas

Delaware

Indiana

Pennsylvania

Maryland

New York

Alabama

Massachusetts

Texas

Hawaii

Tennessee

Kansas

Connecticut

U.S. +4.6% 1995-2005


Percent gain/loss in insurance carrier jobs by state, 1995 - 2005 (est.) Bottom 18 States


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CT has lagged the U.S. and the Northeastin total employment growth

0.7

0.75

0.8

0.85

0.9

0.95

1

1.05

1.1

1.15

1.2

1.25

1990 1992 1994 1996 1998 2000 2002 2004

I n d

e x : 1

9 9 0

= 1

. 0 0

Connecticut Northeast US


Total non-farm employment (SA) growth 1990-2005


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Since 1995, CTs relianceon insurance carrier jobs has not changed

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

New Hampshire Wisconsin Iowa Nebraska Connecticut


Insurance carrier jobs as a percent of total state employment 1995-2005 Top 5 States


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Occupational employment and wagesin the Connecticut insurance carrier industry: 2005

Occupations EstimatedEmployment

AverageWage

All Occupations in Insurance Carrier Industry 65,200 $61,846Management Occupations 6,230 $118,275Business And Financial Operations Occupations 15,960 $62,135Computer And Mathematical Occupations 9,840 $73,710Architecture And Engineering Occupations 90 $78,325

Life, Physical, And Social Science Occupations 560 $72,750Community And Social Services Occupations 140 $49,120Legal Occupations 1,050 $100,730Education, Training, And Library Occupations 20 $67,705Arts, Design, Entertainment, Sports, And Media Occupations 420 $57,665Healthcare Practitioners And Technical Occupations 1,170 $62,130Protective Service Occupations 90 $33,305Sales And Related Occupations 6,300 $68,295Office And Administrative Support Occupations 23,170 $37,960Installation, Maintenance, And Repair Occupations 80 $44,670Production Occupations 60 $40,520Transportation And Material Moving Occupations 20 $51,990

Source: Connecticut Department of Labor


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Employment & average wage byoccupational group in the insurance carrier industry

0

5,000

10,000

15,000

20,000

25,000

O f f i c

e & A d

m i n i s

t r a t i v

e S u p p

o r t

B u s i n

e s s &

F i n a

n c i a l

O p e r a t i o

n s

C o m

p u t e r

& M a

t h e m a t i

c a l

S a l e

s & R e l a t

e d

M a n a g e

m e n t

H e a l t h

c a r e &

T e c h n i c

a l

L e g

a l

A l l o t h e

r s$0

$20

$40

$60

$80

$100

$120

$140

Estimated EmploymentAverage Wage

Employment AverageWage ($1,000)

Source: Connecticut Department of Labor, 2005


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Wages and salaries

$6,169,919Total

$559,826Re-insurance$1,037,769Property/Casualty Ins.$2,281,558Health Insurance

$2,290,766Life Insurance

Payroll (000)IndustryAnnual

Source: U.S. Census, County Business Patterns, 2004


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CTs share of total U.S. wages is just 1.6 percent

Source: Moodys Economy.com, BEA

Total state wage and salary disbursements as a percent of U.S. total 2006 (est.)

0%1%2%3%4%5%6%7%8%9%

10%11%12%13%14%

W y o m

i n g

V e r m o n

t

N o r t

h D a k o

t a

S o u

t h D a k o

t a

M o n

t a n a

A l a s k a

D e l a w a r e

R h o

d e

I s l a n

d

M a i n e

I d a h o

W e s

t V i r g

i n i a

H a w a i

i

N e w

H a m p s h

i r e

N e w

M e x

i c o

N e b r a s k a

M i s s i s s

i p p

i

A r k a n s a s

U t a h


l u m

b i a

K a n s a s

N e v a d a

I o w a

O k l a h o m a

K e n

t u c k y

O r e g o n

S o u

t h C a r o

l i n a

L o u

i s i a n a

A l a b a m a

C o n n e c

t i c u

t

C o

l o r a

d o

W i s c o n s i n

M i s s o u r i

T e n n e s s e e

A r i z o n a

I n d i a n a

M i n n e s o

t a

M a r y l a n

d

W a s

h i n g

t o n

N o r t

h C a r o

l i n a

G e o r g

i a

M a s s a c h u s e

t t s

V i r g

i n i a

M i c h i g a n

N e w

J e r s e y

O h i o

P e n n s y

l v a n

i a

I l l i n o

i s

F l o r i

d a

T e x a s

N e w

Y o r k

C a l

i f o r n

i a


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CTs insurance carrier wages represent 6.1 percentof state total, the highest in the U.S.

0%

1%

2%

3%

4%

5%

6%

7%

A l a s k a

W y o m

i n g

D i s t r i c t

O f C o l u m

b i a

W e s

t V i r g i n i a

L o u i s i a n a

A r k a n s a s

M i s s i s s i p p i

M o n

t a n a

N e w

M e x

i c o

N e v a

d a

U t a h

H a w a i

i

S o u

t h D a k o t a

O k l a h o m a

V i r g i n i a

N o r

t h C a r o l

i n a

I d a h o

A r i z o n a

M i c h i g a n

V e r m o n t

K e n

t u c k y

W a s

h i n g

t o n

T e n n e s s e e

K a n s a s

G e o r g

i a

M a r y l a n d

T e x a s

O r e g o n

I n d i a n a

S o u

t h C a r o l

i n a

C a l

i f o r n i a

D e l a w a r e

M i s s o u r

i

A l a b a m

a

F l o r i d a


C o l o r a

d o

N o r

t h D a k o t a

N e w

Y o r

k

I l l i n o i s

O h i o

M a i n e


N e w

J e r s e y

M a s s a c h u s e

t t s

N e w

H a m p s h

i r e

W i s c o n s i n

M i n n e s o t a

N e b r a s

k a

I o w a

C o n n e c t i c u

t

U.S. Average = 1.5%


Insurance carrier wage and salary disbursements as a percent of total state wages 2006 est.


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CTs Gross State Product represents just 1.6 percentof total U.S. Gross Domestic Product


Total real GSP as a percent of total U.S. GDP 2006 est.

0%

1%2%3%4%5%6%7%8%9%

10%11%12%13%14%15%

N o r t

h D a k o

t a

V e r m o n t

W y o m

i n g

M o n

t a n a

S o u

t h D a k o

t a

A l a s k a

R h o

d e

I s l a n d

M a i n e

I d a h o

W e s

t V i r g

i n i a

H a w a i

i

D e l a w a r e

N e w

H a m p s h

i r e

N e w

M e x

i c o

N e b r a s k a

M i s s i s s

i p p i


l u m

b i a

A r k a n s a s

U t a h

K a n s a s

O k l a h o m a

N e v a d a

I o w a

L o u

i s i a n a

K e n

t u c k y

S o u

t h C a r o

l i n a

O r e g o n

A l a b a m a

C o n n e c

t i c u

t

M i s s o u r i

C o

l o r a

d o

W i s c o n s i n

A r i z o n a

T e n n e s s e e

M i n n e s o

t a

I n d i a n a

M a r y l a n

d

W a s

h i n g

t o n

M a s s a c h u s e

t t s

V i r g

i n i a

N o r t

h C a r o

l i n a

G e o r g

i a

M i c h i g a n

O h i o

N e w

J e r s e y

P e n n s y

l v a n

i a

I l l i n o

i s

F l o r i

d a

T e x a s

N e w

Y o r k

C a l

i f o r n

i a


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CTs share of total U.S. insurance carrier GDP is 6.7 percent


State insurance carrier GSP as a percent of total U.S. insurance carrier GDP 2006 est.

0%

1%

2%

3%

4%5%

6%

7%

8%

9%

10%

W y o m

i n g

M o n

t a n a

A l a s k a

S o u

t h

W e s

t V i r g i n i a

V e r m o n

t

N o r

t h D a k o t a

N e w

M e x

i c o

I d a h o

D i s t r i c t O f

A r k a n s a s

H a w a i

i

M i s s i s s

i p p i

L o u i s i a n a

U t a h


M a i n e

N e v a d a

O k l a h o m a

N e w

K a n s a s

K e n

t u c k y

O r e g o n

S o u

t h

A l a b a m a

N e b r a s k a

T e n n e s s e e

D e l a w a r e

A r i z o n a

W a s

h i n g

t o n

C o l o r a d o

M i s s o u r

i

M a r y l a n

d

V i r g i n i a

G e o r g

i a

N o r

t h

I n d i a n a

M i c h i g a n

I o w a

W i s c o n s

i n

M i n n e s o

t a


F l o r i d a

N e w

J e r s e y

O h i o


T e x a s

I l l i n o i s

C o n n e c t

i c u t

N e w

Y o r

k

C a l

i f o r n

i a


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CT ranks first in GSP generated by insurance carriers

1.70%

1.80%

1.80%

1.80%

2.40%

2.60%

2.90%

4.10%

4.20%

5.50%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0%

New Hampshire

Ohio

Massachusetts

Illinois

Wisconsin

Minnesota

Nebraska

Delaware

Iowa

Connecticut


Percent share of total state GSP from insurance carrier employment (SA) 2006 est. Top 10 states


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28

CT insurance workers produce more GSP per workerthan both the region and the nation

$0

$50,000

$100,000

$150,000

$200,000

$250,000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

US GSP per Worker Insurance Northeast GSP per Worker Insurance Connecticut GSP per Worker Insurance


Real GSP per insurance worker - Connecticut, Northeast and the U.S. - 1995-2005


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29

GSP per worker: CT and the U.S. for insurance carriers andall other industries, 1994-2005

$0

$50,000

$100,000

$150,000

$200,000

$250,000

1977 79 81 83 85 87 89 91 93 95 97 99 1 3 5

Source: Economy.com (BLS)

CT Insurance Carriers

CT Other Industries

U.S. Other Industries

U.S. Insurance Carriers


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30

CT has lagged other states in GSP growth since 1995


Percentage change in total GSP, 1995 2005 est.

0%

10%

20%

30%40%

50%

60%

70%

80%

90%

L o u

i s i a n a

A l a s k a

W e s

t V i r g i n

i a

H a w a

i i

M i c h i g a n

M i s s i s s i p p

i

O h i o

M i s s o u r i

I l l i n o i s

K e n

t u c k y


l u m b

i a

P e n n s y

l v a n

i a

M a i n e

N e b r a s

k a

N o r t

h D a k o

t a

A l a b a m a

O k l a h o m a

I n d i a n a

A r k a n s a s

M o n t a n a

S o u

t h C a r o l i n a

K a n s a s

W i s c o n s

i n

C o n n e c

t i c u

t

N e w

J e r s e y

T e n n e s s e e

R h o

d e

I s l a n d

I o w a

W y o m i n g

D e l a w a r e

M a r y l a n

d

N e w

Y o r k

W a s

h i n g t o n

N e w

M e x

i c o

S o u

t h D a k o

t a

G e o r g

i a

V e r m o n

t

M i n n e s o

t a

U t a h

N o r t

h C a r o l i n a

M a s s a c h u s e

t t s

V i r g i n

i a

F l o r i

d a

T e x a s

N e w

H a m p s h i r e

C a l

i f o r n

i a

O r e g o n

C o

l o r a d o

I d a h o

N e v a d a

A r i z o n a

U.S. average grow th rate = 43%


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31

CT has lagged most states ininsurance carrier GSP growth since 1995


Percentage change in insurance carrier GSP, 1995 2005 est.

-20%

0%

20%

40%

60%80%

100%

120%

140%

160%

180%

L o u

i s i a n a

M i s s i s s

i p p

i

D e l a w a r e

I l l i n o

i s

V e r m o n

t

A r k a n s a s

I n d i a n a

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l v a n

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h

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U.S. aver age gr ow th rate = 35%%


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33

Insurance industry purchases

Every year insurance carriers purchase, on average, just under $1 billion in goods and services from otherindustries in Connecticut.

Source: IMPLAN, 2002


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34

Industry multipliers

One new job in the insurance industry results in anadditional 1.35 jobs in the Connecticut economy.

An increase of $1 in labor income in the insurancecarrier industry results in an additional $0.76 inConnecticuts economy.

Increasing sales by $1 in Connecticuts insurancecarrier industry results in an additional increase of$0.77 in other industries in Connecticut.

Source: IMPLAN, 2003


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Taxes paid by the insurance carrier industry

Personal wage taxes: $210 million(2004 estimate)

Premiums taxes: $244 million(2004-2005)

Local property taxes: significantAt least 18 towns have insurance companies astop five taxpayers (2004)

Source: Connecticut Department of Revenue Services


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36

The insurance carrier industry by the numbers

Sources: U.S. Census, County Business Patterns; Moodys Economy.com; IMPLAN, 2003

5.0%$14.7 billionTotal sales

6.4%$13 billionGSP

8.5%$6,169,919Wages & salaries

4.4%67,000Employment

% CT#


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37

Finance and insurance is the 4 th largest industry sector in CT

Source: U.S. Dept. of Commerce, Bureau of Census and Bureau of Economic Analysis, 2002

8.1%124,603Accommodation & food services

8.9%137,330Finance & insurance

12.3%188,418Manufacturing

12.8%197,028Retail trade

15.5%237,579Health care and social assistance

%#Industry SectorE M P L O Y M E N T


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Finance and insurance is the largest industryin terms of salary and wages


3.1%$2,284,618Accommodation & food services

20.5%$14,967,480Finance & insurance

13.1%$9,578,888Manufacturing

6.9%$5,024,940Retail trade

12.3%$8,967,008Health care and social assistance

%#Industry Sector

A N N U A L P A Y R O L L


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40

Finance and insurance is the largest sector in terms of GSP


2.0%$3,338Accommodation & food services

17.5%$29,107Finance & insurance

12.6%$20,958Manufacturing

6.7%$11,146Retail trade

8.3%$13,710Health care and social assistance

%#Industry Sector

G S P


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41

The finance and insurance sector is a significant part of the CT economy

Source: U.S. Dept. of Commerce, Bureau of Census and Bureau of Economic Analysis, 2002, 2004

17.5%$29,107GSP

20.5%$14,967,480Annual Payroll

8.9%137,330Employment

%#

FINANCE & INSURANCE


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The insurance carrier industry is a


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43

The insurance carrier industry is avital part of CTs economic base 2 of 2

Property/CasualtyIllinois: 1.97Connecticut: 1.70Nebraska: 1.67

Ohio: 1.62New Hampshire: 1.60

Source: U.S. Census, County Business Patterns 2004; Note: Some states not included in analysis due to suppressions.

Re-insuranceConnecticut: 9.67New Jersey: 2.92Missouri: 2.67

Pennsylvania: 2.26Maryland: 2.02

Top 5 states by industry segment; 1.0 is U.S. average

1.0 is U.S. average. This means, for example, that the re-insurance industry ismore than nine (9) times as important to Connecticuts economy as it is to theU.S. economy as a whole.


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CT and Iowa have the same total employment growth trends


Total employment (SA) jobs, CT vs. Iowa (Thousands - SA) 1995-2005

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5

ConnecticutIowa


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CT and Iowa insurance carrier employment


Insurance carrier jobs, CT vs. Iowa (Thousands SA) 1995-2005

20

25

30

35

40

45

50

55

60

1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5

Connecticut

Iowa


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46

Insurance carrier job growth

8.8%Iowa

2.4%Connecticut

Percent ChangeState

Percent change in insurance carrier

jobs 1995-2005

Source: Moodys Economy.com, Bureau of Labor Statistics


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Overall, CT workers are more productive than Iowa workers


GSP per worker, CT vs. Iowa (Thousands SA) 1995-2005

$40

$50

$60

$70

$80

$90

$100

$110

$120

1 9 95 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5

ConnecticutIowa

Iowa has nearly caught up to CT


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Iowa has nearly caught up to CTin terms of GSP per insurance carrier worker


GSP per insurance carrier worker, CT vs. Iowa (Thousands SA) 1995-2005

$75

$95

$115

$135

$155

$175

$195

$215

$235

1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5

Connecticut

Iowa

CT Insurance Impact Study 12-06

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