As of 2000, there was one property and casualty, but no life and health insurance companies incorporated or organized in the state.
In 2001, 662,000 ordinary life insurance policies were in force in the state, and their total value was $45.4 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $76.9 billion. Death benefits paid that year totaled $214.1 million. Property and liability insurers wrote over $1.7 billion in premiums. That year, there were 11,640 flood insurance policies in force in the state, with a total value of $1,187,577.
The insurance industry is regulated by the State Insurance Board.