In 2001 there were 4.6 million ordinary life insurance policies in force with a total value of $151.2 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $234.5 billion. Death benefits paid that year totaled $670.6 million. As of 2003, there were 54 property and casualty and 328 life and health insurance companies incorporated or organized in the state.
Property and casualty insurers wrote premiums amounting to $5.69 billion in 2001. That year, there were 27,389 flood insurance policies in force in the state, with a total value of $3.9 million.
The Department of Insurance regulates the state's insurance industry and examines and licenses agents and brokers.