How much do insurence companys pay out each year?

Question

how much do auto insurence companys collectively pay out each year on average in the usa

Answer 1

I'd guess in the order of a several billion.

A large hail storm or flood could potentially cause several hundred million in auto damages.

And that isn't even taking into consideration physical damage in accidents and lawsuits stemming from accidents.

I wouldn't be suprised if it was closer to $100B.