Virginia - Insurance



Virginians held 4.5 million ordinary life insurance policies worth $268.9 billion in 2001; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $487.63 billion. Death benefits paid that year totaled $1.3 billion. As of 2000, there were 18 property and casualty and 15 life and health insurance companies incorporated or organized in the state. In 2001, property and casualty insurers wrote $7.5 billion in premiums. That year, there were 77,371 flood insurance policies in force in the state, with a total value of $10.9 million.



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