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Nebraska Insurance (NE)

The insurance industry is important in Nebraska's economy. The major company in the state is Mutual of Omaha. In 2001 there were 1.1 million ordinary life insurance policies in force with a total value of $73.2 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $111.7 billion. Death benefits paid that year totaled $319.4 million. Twenty-seven life and health and 43 property and casualty insurance companies were based in the state in 2000. Property and liability insurers wrote premiums of $2.32 billion in 2001. That year, there were 13,062 flood insurance policies in force in the state, with a total value of $1,175,242.