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Maryland State Wire

Saturday, July 12, 2025

Maryland Insurance Administration spent $233,861,698 since 2008

Money 02

Maryland Insurance Administration reported spending $80,136,504 - 95.3 percent - less in 2017 than it did 10 years ago, according to a Maryland State Wire analysis of state purchasing records.

The Department of Budget and Management publishes all payments made by public agencies in each fiscal year, with data available for fiscal years 2008 through 2017. Vendors include private businesses, local governments, non-profit organizations, and individuals.

Maryland Insurance Administration reported 736 purchases in the last 10 years, with total purchases totaling $233,861,698.

Maryland Insurance Administration purchases
Year
Total Annual Spending
Year-over-year change (%)
2008
$84,124,136
2009
$105,410,475
25.3
2010
$18,160,460
-82.8
2011
$3,388,476
-81.3
2012
$3,441,435
1.6
2013
$3,579,801
4
2014
$4,243,291
18.5
2015
$3,155,751
-25.6
2016
$4,370,242
38.5
2017
$3,987,632
-8.8

Source: Department of Budget and Management

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