The Insurance Industry's Impact on California's Economy 2013

Publish Date:Jul 08, 2013
Summary:
INSURERS DOCUMENT IMPACT ON STATE’S ECONOMY $46 Billion Invested in Schools, Roads, Housing, Water, Energy, Environmental Protection $2.2 Billion in Taxes is Fourth Largest Source of General Fund Revenue
INSURERS DOCUMENT IMPACT ON STATE’S ECONOMY
$46 Billion Invested in Schools, Roads, Housing, Water, Energy, Environmental Protection
$2.2 Billion in Taxes is Fourth Largest Source of General Fund Revenue
 
SACRAMENTO – Life, health and property-casualty insurance companies doing business in California have invested $46 billion in state and local infrastructure such as schools and universities, roads and airports, clean air and water, housing, community development and energy, according to a report released today by ACIC and four other insurance industry trade groups.  Insurers’ major investments into California’s economy are in addition to the $100 billion insurers pay annually in claims and benefits.

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