Analysis
NAICS 524291 is the 2022 national industry for claims adjusting, part of 52429 (Other Insurance Related Activities). Census lists 7 example activities under it in the official index.
County Business Patterns counts 4,934 US establishments in this code in 2023, employing 45,406 people at an average annual payroll of $90,218 per employee (78th percentile of national industries). 77% of the establishments have fewer than five employees, which marks it as a small-business industry.
Its index entries, the activities Census uses to assign businesses to this code, include cause-of-loss investigators, insurance, claims adjusting, insurance, fire investigators and insurance claims adjusting, among 7 in all.
Between 2018 and 2023 the number of establishments grew 6% and employment rose 7%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
By establishments it ranks 2nd of the 3 codes at this level within Other Insurance Related Activities, with 34.8% of them.
Official definition
This U.S. industry comprises establishments primarily engaged in investigating, appraising, and settling insurance claims.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (7)
- Cause-of-loss investigators, insurance
- Claims adjusting, insurance
- Fire investigators
- Insurance claims adjusting
- Insurance claims investigation services
- Insurance settlement offices
- Loss control consultants