INSURANCE AND OUR QUALITY OF LIFE
There’s a reason the insurance industry has thrived in Connecticut. Our state has some of the best educated, most productive workers in the world. One big reason why the industry has been able to attract and retain such productive workers: Connecticut’s attractive quality of life.
That’s why we’re happy about all the ways the insurance industry contributes to making Connecticut a better place to live:
We’re one of the state’s largest private employers – with nearly 68,000 employees, and more than 91,000 jobs in companies that do business with insurance companies.
We provide an economic foundation for the entire state – the insurance sector contributes to Connecticut’s economy at a rate three times the national average, spurring growth in other industries.
We support efforts to make our state an even better place to live – We contribute millions of dollars, and thousands of volunteer hours, to health, education, social service and cultural programs every year – our charitable donations make up one-quarter of all corporate giving in Connecticut. And our companies and employees make up one of the largest sources of state and local tax revenue in Connecticut. In fact, our premium taxes added up to almost half (45%) of what all other private companies paid in corporate taxes in 2004 combined.
