A safe journey: in the wake of Katrina, marine writers are taking steps to re-evaluate what, where and how to insure.Key Points * Current insurance programs and plans are inadequate and must be revised if the marine/energy industry is to remain viable. * Marine underwriters, producers and risk managers need to reassess reassess Verb to reconsider the value or importance of reassessment n Verb 1. reassess - revise or renew one's assessment reevaluate the entire cycle of business and decide how much exposure and what aggregate limit of liability is acceptable in a particular location. * The it-can't-happen-here scenario A scenario (from Italian, that which is pinned to the scenery) is a synthetic description of an event or series of actions and events. In the Commedia dell'arte is dead. Volatile With regard to computer memory, it means "temporary" and not "highly changeable," which is the usual meaning of the word. See volatile memory. 1. (programming) volatile - volatile variable. 2. (storage) volatile - See non-volatile storage. weather over the past two years, particularly Gulf Coast hurricanes, is forcing the marine and energy insurance industry to take a long, hard look at revamping its underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. strategy. Weather scientists predict that the recent weather patterns are not just a fluke fluke, parasitic flatworm of the trematoda class, related to the tapeworm. Instead of the cilia, external sense organs, and epidermis of the free-living flatworms, adult flukes have sucking disks with which they cling to their hosts and an external cuticle that of nature but a developing pattern of more frequent and severe hurricanes that may last for decades. No one is certain yet what exactly will emerge, but insurers and policyholders alike are definitely def·i·nite adj. 1. Having distinct limits: definite restrictions on the sale of alcohol. 2. Indisputable; certain: a definite victory. 3. facing the issues and bracing bracing, n a resistance to the horizontal components of masticatory force. for radical changes. Current insurance programs and plans are inadequate and must be revised if the marine/energy industry is to remain viable. Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. took the industry by surprise. Business interruption INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's.2. Interruption of the use of a thing is natural or civil. claims were anticipated, but never to the extent of those stemming stemming - stemmer from Hurricane Katrina. The storm destroyed 30 oil plants and closed nine refineries, severely disrupting both onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. and offshore energy operations, stalling stall 1 n. 1. A compartment for one domestic animal in a barn or shed. 2. a. A booth, cubicle, or stand used by a vendor, as at a market. b. U.S. oil production for six months and creating staggering claims for loss of income. Primary insurers and reinsurers are still assessing damages and resolving claims. When catastrophes wreak wreak tr.v. wreaked, wreak·ing, wreaks 1. To inflict (vengeance or punishment) upon a person. 2. To express or gratify (anger, malevolence, or resentment); vent. 3. havoc on refineries, it affects more than property. There's an ensuing en·sue intr.v. en·sued, en·su·ing, en·sues 1. To follow as a consequence or result. See Synonyms at follow. 2. To take place subsequently. loss of oil production that affects demand and price. Transporting oil in from other sources adds to an already high price. Hurricanes Katrina KATRINA Keeping All the Resources in New Orleans Alive KATRINA Krewe Aiding Trash Removal In the New Orleans Area and Rita in the Gulf Coast, for instance, interrupted in·ter·rupt v. in·ter·rupt·ed, in·ter·rupt·ing, in·ter·rupts v.tr. 1. To break the continuity or uniformity of: Rain interrupted our baseball game. 2. 25% of the oil production in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . That meant that 75% of the crude oil had to be imported. Instead of sending domestic crude oil via pipeline to refineries, it was imported from other countries. Because the supertankers that transport oil are too large to fit in Gulf Coast ports, the crude oil had to be pumped into smaller vessels Vessels are a post-rock band from Leeds, UK. Vessels were born from the ashes of A Day Left in September 2005. In 2006 they self-released a 5 track eponymous ep, and played many gigs including the unsigned stage at Leeds Festival. that could then bring it into Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. , Mississippi Mississippi, state, United StatesMississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by and Texas for refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar . The politics of the exporters adds to the overall costs as well. The Middle East, which produces probably 30% to 40% of the world's supply of crude oil, is politically unstable unstable, adj 1. not firm or fixed in one place; likely to move. 2. capable of undergoing spontaneous change. A nuclide in an unstable state is called radioactive. An atom in an unstable state is called excited. , as is Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , another big exporter. In the wake of these mega-catastrophes, the marine/energy insurance industry is taking a fresh and critical look at what to insure Insure can mean:
Demand surge See power surge. SURGE - Sorter, Updater, Report Generator, Etc. IBM 704, 1959. Sammet 1969, p.8. , a relatively new term that refers to the spike A burst of extra voltage in a power line that lasts only a few nanoseconds. See power surge, power swell, sag and surge suppression. (jargon) spike - To defeat a selection mechanism by introducing a (sometimes temporary) device that forces a specific result. in prices after a catastrophe Catastrophe, from the Greek Καταστροφή (katastrephein), literally means "to turn" (strephein) "downwards" (kata-). , was rarely calculated into catastrophe models before 2004. After Katrina, demand surge was estimated to be as much as 30% and could well go higher in future storms. The marine insurance industry has to look a bit harder into risk selection, examine its aggregation methodology and involve the actuaries more heavily and evaluate models. Risk selection will be paramount Paramount (pâr`əmount'), city (1990 pop. 47,669), Los Angeles co., S Calif.; inc. 1957. Originally a dairy region, it has become highly industrialized since the 1950s. in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east and marine insurers must look for proper aggregation of risk in including equipment spread across the eastern, central and western parts of the Gulf. Demand for new coverages will increase and overall premiums will increase, but that alone is not the answer. Marine insurers also need to increase primary deductibles, pay closer attention to the overall loss exposures from disasters, change terms and conditions of coverage, and adapt limits, waiting periods and layered coverages. Some businesses will not be able to obtain coverage without extensive changes to their facilities and operations. Insurers have to look more closely at risks, including rig placements, air gap, age of vessel VESSEL, mar. law. A ship, brig, sloop or other craft used in navigation. 1 Boul. Paty, tit. 1, p. 100. See sup. 2. By an act of congress, approved July 29, 1850, it is provided that any person, not being an owner, who shall on the high seas, willfully, with. and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. drilling rig/platform, and oil prices, both at the time of issuance and time of loss. Ship routes must be assessed because while navigation navigation, science and technology of finding the position and directing the course of vessels and aircraft. Early Navigational Techniques In ancient times, mariners navigated by the guidance of the sun and stars and landmarks along the coast. equipment is more sophisticated, vessels are getting larger and more of them are concentrated in the Gulf. The industry may need a broader definition for flooding Refers to various denial-of-service techniques that saturate a critical resource, leading either to system failure or to the exclusion of legitimate access. See e-mail bombing, Fraggle attack, smurf attack and SYN-flood attack. and a restriction restriction - A bug or design error that limits a program's capabilities, and which is sufficiently egregious that nobody can quite work up enough nerve to describe it as a feature. on contingent Fortuitous; dependent upon the possible occurrence of a future event, the existence of which is not assured. The word contingent denotes that there is no present interest or right but only a conditional one which will become effective upon the happening of the business interruption. For the first time, there may be a need to put limits on the perils of wind-driven water. These effects are not limited to the Gulf area. All along the Atlantic coast up into Maine Maine, ship Maine, U.S. battleship destroyed (Feb. 15, 1898) in Havana harbor by an explosion that killed 260 men. The incident helped precipitate the Spanish-American War (Apr., 1898). Commanded by Capt. Charles Sigsbee, the ship had been sent (Jan. and for 100 miles inland INLAND. Within the same country. 2. It seems not to be agreed whether the term inland applies to all the United States or only to one state. It has been holden in Now York that a bill of exchange by one person in one state, on another person in another, is an , concentrations of vessels and goods, harbors and land-based facilities will be subject to review. The it-can't-happen-here scenario is dead. Marine/energy underwriters, producers and risk managers need to reassess the entire cycle of business and decide how much exposure and what aggregate limit of liability is acceptable in a particular location. A facility exposed to potential loss by a hurricane can be dependent on suppliers and customers who may or may not be affected by the storm. A damaged facility or operation can not be restored without raw materials, machinery, equipment and parts from its suppliers. Likewise, a damaged facility or operation cannot supply goods and materials to its customers. An operation that is down for too long loses its customers. Hurricanes cause extensive loss to property to be sure; however, an even greater problem is the indirect loss caused by the interruption of business. Insuring business interruption is a major concern due to the fluctuation Fluctuation A price or interest rate change. in the price of oil that results when production slows or stops. There will probably be tighter scrutiny Scrutiny (Fr. scrutin, Late Lat. scrutinium, from scrutari, to search or examine thoroughly) is a careful examination or inquiry (as though there was a mistake). of such claims, especially the time element. Insurers may be using forensic Belonging to courts of justice. forensic 1) adj. from Latin forensis for "belonging to the forum," ancient Rome's site for public debate, and currently meaning pertaining to the courts. accountants to help develop values for businesses. The marine/energy insurance industry stands ready to perform a better job of risk selection and help policyholders take the necessary steps to reduce their exposure. It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have also taking an active vocal vo·cal adj. 1. Of or relating to the voice. 2. Capable of emitting sound or speech. vocal pertaining to the voice. and visible role in creating viable solutions to better protect individuals and businesses around the world from the severe economic fallout fallout, minute particles of radioactive material produced by nuclear explosions (see atomic bomb; hydrogen bomb; Chernobyl) or by discharge from nuclear-power or atomic installations and scattered throughout the earth's atmosphere by winds and convection currents. of super catastrophes. Marine coverage is the oldest line of insurance in the world and has overcome war and conflagration to survive and prosper. This industry stands strong and ready to develop and provide the needed coverages not just for the Gulf Coast but for the worldwide market as well. RELATED ARTICLE: How to prepare for the new environment. Underwriting management for the marine/energy businesses will require changes in policy provisions before policies will be issued. A new model for underwriting will involve a thorough study of the equipment itself, the locations and concentrations of vessels, cargo, storage, transportation, power sources, personnel and facilities. Redundancies and duplication duplication /du·pli·ca·tion/ (doo-pli-ka´shun) 1. the act or process of doubling, or the state of being doubled. 2. must be identified and considered as well. By the same token In programming, a string of characters. For example, in the C expression #define MAXAMOUNT 50000, MAXAMOUNT is the token. See also token passing and authentication token. 1. , marine/energy policyholders must initiate INITIATE. A right which is incomplete. By the birth of a child, the husband becomes tenant by the curtesy initiate, but his estate is not consummate until the death of the wife. 2 Bouv. Inst. n. 1725. substantive Substantive may refer to: In grammar:
* Building damage-resistant structures. * Developing detailed contingency plans A plan involving suitable backups, immediate actions and longer term measures for responding to computer emergencies such as attacks or accidental disasters. Contingency plans are part of business resumption planning. . * Pipelines and power transmission lines may have to be placed underground. * The practice of storing cargo out in the open, exposed to the elements, even when housed in containers may also have to be changed. * Policyholders may be required to avoid some power failure losses by installing external equipment such as transformers or establish outside sources that cannot be shut down by a major storm, * Risks that are centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. , with no alternative source of operations, create an unacceptable exposure in today's market. Whether it is a production, storage or transportation facility, the operation must not be the sole location for an insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. Companies will need to develop fallback fall·back n. 1. a. Something to which one can resort or retreat. b. A retreat. 2. Computer Science operations through joint agreements with similar operators in another location or by splitting up the activities into two or more locations. In essence, the insurance industry must control and aggregate exposures and risks to cap their total liability, while the energy business may have to consider alternative financing or consider losses a normal part of doing business. Both policyholders and insurers need to rethink re·think tr. & intr.v. re·thought , re·think·ing, re·thinks To reconsider (something) or to involve oneself in reconsideration. re their loss-control activities Loss-control activities Actions that an insured person or company takes at the instigation of an insurance company in order to prevent accidents or losses. beyond fire prevention, perhaps to the point of waterproof warehouses and double-roof construction just as in the case of double-hull ships. Both parties also must pursue new design and incorporate new technology in rebuilding to help prevent storm damage. Contributor Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Cullen Cul·len , Countée 1903-1946. American poet whose collections Colors (1926) and Copper Sun (1927) established him as a leading figure of the Harlem Renaissance. is president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Markel Markel Corporation is an insurance holding company. Never declaring a stock split, their stock has risen from $8.33 per share in its 1986 IPO to over $475 a share in 2007. Global Marine & Energy. He can be reached at: scullen@markelcorp.com.
Inland Marine, Top Writers, United States--2005
Rank is based on 2005 direct premiums written.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Company/Group AMB # Written Premiums
1 CNA Ins Cos 18313 83,213 10.8
2 Amer Intl Group, Inc 18540 814,105 -30.2
3 St. Paul Travelers Group 18647 791,832 -5.5
4 Zurich Finl Svcs NA Group 18549 736,425 17.1
5 Hartford Ins Group 00048 660,974 6.5
6 State Farm Group 00088 555,697 6.3
7 Allianz of America, Inc 18429 541,182 8.0
8 FM Global Group 18502 537,568 15.8
9 Chubb Group of Ins Cos 00012 505,575 8.9
10 Assurant Solutions 18499 473,182 6.3
11 Great Amer P&C Ins Group 04835 297,732 16.6
12 Liberty Mutual Ins Cos 00060 293,774 101.3
13 Allstate Ins Group 00008 291,536 20.6
14 Ace INA Group 18498 261,560 7.2
15 HDI US Group 18492 216,287 11.8
16 Everest Re US Group 05696 184,535 24.0
17 Markel Corp Group 18468 176,462 -1.6
18 XL America Group 18130 165,231 13.4
19 Nationwide Group 05987 159,053 6.0
20 Protressive Ins Group 00780 148,905 18.9
21 USAA Group 04080 110,251 1.9
22 Stonebridge Casualty Ins Co 00323 109,711 70.8
23 Auto-Owners Ins Group 04354 108,411 2.2
24 Alleghany Ins Holdings 18640 106,279 18.8
25 Old Republic Gen Group 00734 102,953 3.3
Top 25 Writers $9,232,432 5.6
Total U.S. P/C Industry $11,983,023 6.9
<---Market Share(%)--->
Company/Group 2005 2004 2003
CNA Ins Cos 7.4 7.1 7.0
Amer Intl Group, Inc 6.8 10.4 9.8
St. Paul Travelers Group 6.6 7.5 7.2
Zurich Finl Svcs NA Group 6.1 5.6 5.7
Hartford Ins Group 5.5 5.5 5.1
State Farm Group 4.6 4.7 4.7
Allianz of America, Inc 4.5 4.5 4.4
FM Global Group 4.5 4.1 4.8
Chubb Group of Ins Cos 4.2 4.1 4.1
Assurant Solutions 3.9 4.0 4.1
Great Amer P&C Ins Group 2.5 2.3 2.2
Liberty Mutual Ins Cos 2.5 1.3 1.3
Allstate Ins Group 2.4 2.2 2.1
Ace INA Group 2.2 2.2 2.4
HDI US Group 1.8 1.7 1.8
Everest Re US Group 1.5 1.3 0.3
Markel Corp Group 1.5 1.6 1.7
XL America Group 1.4 1.3 0.6
Nationwide Group 1.3 1.3 1.4
Protressive Ins Group 1.2 1.1 0.9
USAA Group 0.9 1.0 1.0
Stonebridge Casualty Ins Co 0.9 0.6 0.1
Auto-Owners Ins Group 0.9 0.9 0.9
Alleghany Ins Holdings 0.9 0.8 0.3
Old Republic Gen Group 0.9 0.9 0.9
Top 25 Writers 77.0 78.0 74.6
Total U.S. P/C Industry 100.0 100.0 100.0
<---Adjusted Loss Ratios --->
Company/Group 2005 2004 2003
CNA Ins Cos 48.1 66.8 59.1
Amer Intl Group, Inc 137.3 25.1 29.0
St. Paul Travelers Group 49.7 39.8 94.5
Zurich Finl Svcs NA Group 70.0 47.3 41.5
Hartford Ins Group 78.2 64.0 55.8
State Farm Group 55.9 47.6 43.0
Allianz of America, Inc 53.0 35.6 54.7
FM Global Group 104.8 44.1 24.9
Chubb Group of Ins Cos 59.0 31.5 35.4
Assurant Solutions 53.9 43.3 40.3
Great Amer P&C Ins Group 35.9 29.0 32.5
Liberty Mutual Ins Cos 61.2 30.6 43.3
Allstate Ins Group 49.1 56.2 37.2
Ace INA Group 37.7 52.5 43.3
HDI US Group 36.6 50.4 53.2
Everest Re US Group 87.1 80.7 63.6
Markel Corp Group 30.8 23.1 15.6
XL America Group 361.1 94.1 70.5
Nationwide Group 37.0 33.8 10.6
Protressive Ins Group 90.8 70.7 45.2
USAA Group 41.3 34.5 32.0
Stonebridge Casualty Ins Co 64.0 76.9 84.5
Auto-Owners Ins Group 39.8 37.6 40.7
Alleghany Ins Holdings 93.4 18.4 11.2
Old Republic Gen Group 37.0 38.7 32.8
Top 25 Writers 70.8 44.1 45.5
Total U.S. P/C Industry 64.3 43.1 43.3
% of
Company
Company/Group Premiums
CNA Ins Cos 9.9
Amer Intl Group, Inc 2.8
St. Paul Travelers Group 3.7
Zurich Finl Svcs NA Group 5.8
Hartford Ins Group 5.4
State Farm Group 1.2
Allianz of America, Inc 10.7
FM Global Group 23.2
Chubb Group of Ins Cos 5.2
Assurant Solutions 20.3
Great Amer P&C Ins Group 8.3
Liberty Mutual Ins Cos 1.8
Allstate Ins Group 1.1
Ace INA Group 3.8
HDI US Group 11.8
Everest Re US Group 19.3
Markel Corp Group 10.3
XL America Group 5.2
Nationwide Group 1.0
Protressive Ins Group 1.0
USAA Group 1.3
Stonebridge Casualty Ins Co 42.0
Auto-Owners Ins Group 2.4
Alleghany Ins Holdings 6.7
Old Republic Gen Group 3.7
Top 25 Writers 3.6
Total U.S. P/C Industry 2.5
Source: A.M. Best Co.
Ocean Marine, Top Writers, United States--2005
Rank is based on 2005 direct premiums written.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Company/Group AMB # Written Premiums
1 Amer Intl Group, Inc 18540 322,999 24.6
2 St. Paul Travelers Group 18647 292,986 8.6
3 Ace INA Group 18498 261,239 1.0
4 CNA Ins Cos 18313 240,805 -4.2
5 Allianz of America, Inc 18429 193,232 6.0
6 Chubb Group of Ins Cos 00012 156,601 13.8
7 Amer Steamship Owners Mut 00161 147,341 -10.3
P & I Assn
8 White Mountains Ins Group 18490 144,876 -3.0
9 XL America Group 18130 94,155 8.1
10 Zurich Finl Svcs NA Group 18549 91,193 -8.1
11 NY Marine Group 00419 88,332 4.3
12 Great Amer P&C Ins Group 04835 69,376 1.5
13 HCC Ins Holdings 18421 65,878 7.7
14 Markel Corp Group 18468 61,840 1.6
15 Navigators Ins Group 18081 56,819 14.8
16 Tokio Marine & Nichido 02927 43,108 -9.8
Fire USB Group
17 Arch Capital Group US 18484 38,513 36.4
18 Farmers Ins Group 00032 33,659 12.4
19 Hartford Ins Group 00048 33,489 6.6
20 Axis Ins Group 18603 30,502 999.9
21 Seaworthy Ins Co 11390 25,980 5.1
22 Nationwide Group 05987 21,992 -13.7
23 State Farm Group 00088 21,809 5.4
24 USAA Group 04080 21,800 5.0
25 FM Global Group 18502 21,795 9.9
Top 25 Writers $2,580,319 6.1
Total U.S. P/C Industry $2,838,543 5.4
<---Market Share(%)--->
Company/Group 2005 2004 2003
Amer Intl Group, Inc 11.4 9.6 10.7
St. Paul Travelers Group 10.3 10.0 8.0
Ace INA Group 9.2 9.6 7.5
CNA Ins Cos 8.5 9.3 10.1
Allianz of America, Inc 6.8 6.8 6.4
Chubb Group of Ins Cos 5.5 5.1 4.5
Amer Steamship Owners Mut 5.2 6.1 3.7
P & I Assn
White Mountains Ins Group 5.1 5.5 5.5
XL America Group 3.3 3.2 3.1
Zurich Finl Svcs NA Group 3.2 3.7 4.2
NY Marine Group 3.1 3.1 2.8
Great Amer P&C Ins Group 2.4 2.5 2.6
HCC Ins Holdings 2.3 2.3 1.7
Markel Corp Group 2.2 2.3 2.4
Navigators Ins Group 2.0 1.8 2.0
Tokio Marine & Nichido 1.5 1.8 1.8
Fire USB Group
Arch Capital Group US 1.4 1.0 0.8
Farmers Ins Group 1.2 1.1 1.1
Hartford Ins Group 1.2 1.2 1.2
Axis Ins Group 1.1 0.0 0.0
Seaworthy Ins Co 0.9 0.9 0.7
Nationwide Group 0.8 0.9 0.9
State Farm Group 0.8 0.8 0.8
USAA Group 0.8 0.8 0.8
FM Global Group 0.8 0.7 0.8
Top 25 Writers 90.9 90.3 83.9
Total U.S. P/C Industry 100.0 100.0 100.0
<---Adjusted Loss Ratios --->
Company/Group 2005 2004 2003
Amer Intl Group, Inc 122.2 72.9 48.5
St. Paul Travelers Group 86.8 54.8 41.9
Ace INA Group 66.6 104.5 61.9
CNA Ins Cos 72.0 64.7 77.8
Allianz of America, Inc 59.1 50.4 52.9
Chubb Group of Ins Cos 65.4 48.5 39.8
Amer Steamship Owners Mut 86.1 70.3 83.7
P & I Assn
White Mountains Ins Group 59.6 41.8 43.0
XL America Group 308.9 94.6 70.3
Zurich Finl Svcs NA Group 117.0 57.7 56.3
NY Marine Group 97.5 55.7 27.6
Great Amer P&C Ins Group 58.7 47.3 42.5
HCC Ins Holdings 382.7 96.2 61.3
Markel Corp Group 78.1 57.1 48.8
Navigators Ins Group 109.8 -74.3 192.4
Tokio Marine & Nichido 57.2 63.4 160.9
Fire USB Group
Arch Capital Group US 179.7 71.1 55.2
Farmers Ins Group 42.8 35.7 49.5
Hartford Ins Group 10.7 16.3 16.1
Axis Ins Group 89.9 31.3 0.0
Seaworthy Ins Co 52.4 55.8 59.5
Nationwide Group 91.9 64.4 55.1
State Farm Group 40.5 34.8 42.4
USAA Group 58.3 76.6 44.4
FM Global Group 33.2 417.9 753.7
Top 25 Writers 96.0 64.7 66.7
Total U.S. P/C Industry 92.7 62.3 64.0
% of
Company
Company/Group Premiums
Amer Intl Group, Inc 11.0
St. Paul Travelers Group 1.4
Ace INA Group 3.8
CNA Ins Cos 2.7
Allianz of America, Inc 3.8
Chubb Group of Ins Cos 1.6
Amer Steamship Owners Mut 100.0
P & I Assn
White Mountains Ins Group 5.7
XL America Group 2.9
Zurich Finl Svcs NA Group 0.7
NY Marine Group 50.1
Great Amer P&C Ins Group 1.9
HCC Ins Holdings 6.8
Markel Corp Group 3.6
Navigators Ins Group 16.4
Tokio Marine & Nichido 9.6
Fire USB Group
Arch Capital Group US 2.1
Farmers Ins Group 0.2
Hartford Ins Group 0.3
Axis Ins Group 3.0
Seaworthy Ins Co 100.0
Nationwide Group 0.1
State Farm Group 0.0
USAA Group 0.3
FM Global Group 0.9
Top 25 Writers 1.2
Total U.S. P/C Industry 0.6
Source: A.M. Best Co.
Fire & Allied Lines, Top Writers, United States--2005
Rank is based on 2005 direct premiums written.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Company/Group AMB # Written Premiums
1 Amer Intl Group, Inc 18540 1,683,664 3.7
2 FM Global Group 18502 1,433,429 7.9
3 St. Paul Travelers Group 18647 1,361,389 0.4
4 Ace INA Group 18498 1,350,600 2.1
5 Allianz of America, Inc 18429 922,321 13.6
6 Zurich Finl Svcs NA Group 18549 747,226 -35.2
7 Assurant Solutions 18499 730,707 19.7
8 Centurion Ins Group 18188 611,242 -0.6
9 State Farm Group 00088 526,607 4.6
10 Alleghany Ins Holdings 18640 519,002 -5.3
11 Liberty Mutual Ins Cos 00060 516,934 30.3
12 Great Amer P&C Ins Group 04835 506,439 -15.4
13 CA Earthquake Authority 12534 503,358 8.1
14 XL America Group 18130 481,395 -2.7
15 Hartford Ins Group 00048 460,560 -29.8
16 Nationwide Group 05987 448,092 6.2
17 Allstate Ins Group 00008 413,339 8.0
18 Farmers Ins Group 00032 394,915 15.5
19 Fidelity Natl Group 18606 340,184 5.7
20 Safeco Ins Cos 00078 329,516 0.1
21 Farmers Alliance Cos 00114 327,381 -11.6
22 Axis Ins Group 18603 316,677 1.9
23 Balboa Ins Group 04062 301,474 3.7
24 USAA Group 04080 282,297 12.0
25 Fairfax Financial (USA) 03116 276;854 0.2
Groups
Top 25 Writers $15,785,602 0.0
Total U.S. P/C Industry $23,695,089 1.2
<---Market Share(%)--->
Company/Group 2005 2004 2003
Amer Intl Group, Inc 7.1 6.9 7.0
FM Global Group 6.0 5.7 6.7
St. Paul Travelers Group 5.7 5.8 6.5
Ace INA Group 5.7 5.7 4.9
Allianz of America, Inc 3.9 3.5 4.2
Zurich Finl Svcs NA Group 3.2 4.9 5.8
Assurant Solutions 3.1 2.6 2.5
Centurion Ins Group 2.6 2.6 2.1
State Farm Group 2.2 2.2 2.1
Alleghany Ins Holdings 2.2 2.3 1.1
Liberty Mutual Ins Cos 2.2 1.7 1.4
Great Amer P&C Ins Group 2.1 2.6 2.1
CA Earthquake Authority 2.1 2.0 1.9
XL America Group 2.0 2.1 1.6
Hartford Ins Group 1.9 2.8 2.9
Nationwide Group 1.9 1.8 1.7
Allstate Ins Group 1.7 1.6 1.6
Farmers Ins Group 1.7 1.5 1.3
Fidelity Natl Group 1.4 1.4 0.9
Safeco Ins Cos 1.4 1.4 1.3
Farmers Alliance Cos 1.4 1.6 1.4
Axis Ins Group 1.3 1.3 0.9
Balboa Ins Group 1.3 1.2 1.3
USAA Group 1.2 1.1 0.9
Fairfax Financial (USA) 1.2 1.2 1.3
Groups
Top 25 Writers 66.6 67.4 65.5
Total U.S. P/C Industry 100.0 100.0 100.0
<---Adjusted Loss Ratios--->
Company/Group 2005 2004 2003
Amer Intl Group, Inc 261.6 71.0 44.6
FM Global Group 70.6 43.3 34.5
St. Paul Travelers Group 117.4 65.9 42.2
Ace INA Group 115.6 45.1 54.8
Allianz of America, Inc 88.9 -7.4 48.4
Zurich Finl Svcs NA Group 185.4 63.8 40.1
Assurant Solutions 188.0 40.8 29.9
Centurion Ins Group 43.4 93.3 112.9
State Farm Group 999.9 49.4 24.9
Alleghany Ins Holdings 246.0 101.1 11.1
Liberty Mutual Ins Cos 114.1 36.6 36.1
Great Amer P&C Ins Group 65.3 63.5 60.4
CA Earthquake Authority 0.0 -0.5 1.2
XL America Group 139.9 72.3 61.2
Hartford Ins Group 124.1 49.9 45.7
Nationwide Group 133.4 100.3 52.4
Allstate Ins Group 851.1 62.6 44.8
Farmers Ins Group 92.6 93.5 102.9
Fidelity Natl Group 999.9 134.2 20.4
Safeco Ins Cos 51.5 37.2 32.0
Farmers Alliance Cos 91.2 95.0 93.4
Axis Ins Group 204.6 112.7 34.3
Balboa Ins Group 65.3 37.4 32.2
USAA Group 235.0 127.1 50.1
Fairfax Financial (USA) 185.6 74.2 50.3
Groups
Top 25 Writers 203.2 60.1 46.2
Total U.S. P/C Industry 169.0 60.0 46.5
% of
Company
Company/Group Premiums
Amer Intl Group, Inc 5.9
FM Global Group 61.9
St. Paul Travelers Group 6.4
Ace INA Group 19.4
Allianz of America, Inc 18.3
Zurich Finl Svcs NA Group 5.8
Assurant Solutions 31.4
Centurion Ins Group 99.5
State Farm Group 1.1
Alleghany Ins Holdings 32.8
Liberty Mutual Ins Cos 3.2
Great Amer P&C Ins Group 14.2
CA Earthquake Authority 100.0
XL America Group 15.0
Hartford Ins Group 3.8
Nationwide Group 2.9
Allstate Ins Group 1.5
Farmers Ins Group 2.7
Fidelity Natl Group 68.3
Safeco Ins Cos 5.7
Farmers Alliance Cos 71.1
Axis Ins Group 30.9
Balboa Ins Group 34.4
USAA Group 3.3
Fairfax Financial (USA) 15.6
Groups
Top 25 Writers 6.6
Total U.S. P/C Industry 5.0
Source: A.M. Best Co.
Inland Marine, Top Writers by U.S. State-2005
Rank is based on 2005 direct premiums written.
($ Thousands)
Direct
No. of Premiums
State Rank Cos. Written
Ala. 22 381 $192,010
Alaska 37 224 61,729
Ariz. 26 392 167,239
Ark. 29 366 135,358
Calif 1 421 1685724
Colo. 9 387 359,561
Conn. 27 342 161,095
Del. 45 313 40,594
D.C. 47 266 39,035
Fla. 3 441 867,557
Ga. 7 453 380,395
Hawaii 44 199 42,373
Idaho 38 330 57,105
III. 6 494 475,330
Ind. 17 458 227,182
Iowa 30 393 131,783
Kan. 32 384 116,521
Ky. 20 402 206,531
La. 15 365 241,730
Maine 43 281 43,544
Md. 24 393 180,080
Mass. 13 351 251,879
Mich. 12 386 294,735
Minn. 21 413 192,708
Miss 31 373 117.200
Mo. 19 433 212,937
Mont 49 314 28,937
Neb. 35 366 88,275
Nev. 34 346 99,155
N.H. 42 295 44,435
N.J. 5 364 482,166
N.M. 39 326 55,471
N.Y 4 425 755,083
N.C. 11 393 300,629
N.D. 51 317 26,065
Ohio 8 465 363,599
Okla. 28 379 136,700
Ore. 33 379 115,634
Pa. 10 470 343,853
R.I. 46 296 40,535
S.C. 25 377 169,504
S.D. 40 328 53,862
Tenn. 18 438 220,308
Texas 2 479 924,366
Utah 36 339 76,345
Vt. 50 284 27,383
Va. 16 415 233,602
Wash. 14 387 249,899
W.Va. 41 307 44,853
Wis. 23 429 190,244
Wyo. 48 286 30,187
U.S. Total 1200 $11,983,023
% of
U.S. Premium
State Total % Change ALR (1)
Ala. 1.6 14.1 97.1
Alaska 0.5 -21.9 10.4
Ariz. 1.4 3.1 41.0
Ark. 1.1 14.0 69.0
Calif 14.1 3.9 34.5
Colo. 3.0 11.9 61.8
Conn. 1.3 -5.3 14.1
Del. 0.3 43.3 84.4
D.C. 0.3 8.3 39.5
Fla. 7.2 20.2 46.4
Ga. 3.2 15.6 48.5
Hawaii 0.4 32.2 28.9
Idaho 0.5 40.4 32.6
III. 4.0 3.0 41.7
Ind. 1.9 1.2 36.4
Iowa 1.1 14.0 42.9
Kan. 1.0 5.3 53.2
Ky. 1.7 22.8 40.2
La. 2.0 13.2 489.4
Maine 0.4 0.9 23.5
Md. 1.5 10.2 26.7
Mass. 2.1 2.9 52.1
Mich. 2.5 -0.3 37.7
Minn. 1.6 0.6 38.3
Miss 1.0 8.3 747.9
Mo. 1.8 6.4 43.6
Mont 0.2 -1.0 60.3
Neb. 0.7 13.1 55.3
Nev. 0.8 22.6 33.2
N.H. 0.4 -8.7 19.0
N.J. 4.0 3.8 47.9
N.M. 0.5 -1.0 36.4
N.Y 6.3 -2.8 26.6
N.C. 2.5 8.9 30.5
N.D. 0.2 1.7 43.4
Ohio 3.0 -3.6 60.8
Okla. 1.1 5.0 46.8
Ore. 1.0 13.9 31.3
Pa. 2.9 2.7 43.5
R.I. 0.3 -11.2 21.6
S.C. 1.4 6.0 28.2
S.D. 0.4 62.8 43.9
Tenn. 1.8 16.8 53.9
Texas 7.7 6.1 143.8
Utah 0.6 10.0 28.9
Vt. 0.2 16.7 34.1
Va. 1.9 6.2 31.9
Wash. 2.1 17.8 25.5
W.Va. 0.4 10.7 36.7
Wis. 1.6 9.2 38.5
Wyo. 0.3 22.4 17.5
U.S. Total 100.0 6.9 64.3
Market Share
Agency Direct
State DDCCE (2) Writer (3) Writer (4)
Ala. 4.4 72.8 27.2
Alaska 0.3 83.9 16.1
Ariz. 1.1 70.9 29.1
Ark. 0.6 56.9 43.1
Calif 1.6 75.3 24.7
Colo. 1.0 35.7 64.3
Conn. -0.6 62.5 37.5
Del. -0.1 69.4 30.6
D.C. 0.8 82.9 17.1
Fla. 1.1 76.6 23.4
Ga. 0.5 75.9 24.1
Hawaii 0.7 85.8 14.2
Idaho 0.3 70.5 29.5
III. 1.9 76.2 23.8
Ind. 0.5 79.3 20.7
Iowa 1.0 79.0 21.0
Kan. 0.5 78.2 21.8
Ky. 0.6 73.3 26.7
La. 14.1 73.1 26.9
Maine 0.3 71.5 28.5
Md. 0.3 72.3 27.7
Mass. 1.8 81.5 18.5
Mich. 1.3 74.2 25.8
Minn. 0.9 71.3 28.7
Miss 201.0 73.0 27.0
Mo. 1.0 70.9 29.1
Mont 1.9 77.1 22.9
Neb. 0.5 80.3 19.7
Nev. 0.6 76.5 23.5
N.H. 0.9 59.0 41.0
N.J. 0.6 86.3 13.7
N.M. 0.6 75.7 24.3
N.Y 2.2 79.8 20.2
N.C. 0.9 70.6 29.4
N.D. 0.5 69.7 30.3
Ohio 0.6 78.8 21.2
Okla. 0.9 81.0 19.0
Ore. 0.7 62.1 37.9
Pa. 2.7 74.1 25.9
R.I. -1.0 75.0 25.0
S.C. 0.6 70.8 29.2
S.D. 0.6 87.3 12.7
Tenn. 0.6 71.2 28.8
Texas 3.7 80.1 19.9
Utah -0.7 68.7 31.3
Vt. 0.9 72.4 27.6
Va. 0.4 72.0 28.0
Wash. 0.6 66.7 33.3
W.Va. 0.9 76.2 23.8
Wis. 0.7 79.8 20.2
Wyo. 0.2 82.3 17.7
U.S. Total 1.8 74.5 25.5
% Market
State Leading Writer Share
Ala. CNA Ins Cos 10.1
Alaska Amer Intl Group, Inc 53.9
Ariz. Zurich Finl Svcs NA Group 9.2
Ark. Southern Farm Bureau Group 19.2
Calif FM Global Groulu 8.4
Colo. Everest Re US Group 51.3
Conn. Swiss Reins Group 15.4
Del. Aon Corp Group 23.3
D.C. Scor US Group 11.7
Fla. Zurich FIN Svcs NA Group 11.1
Ga. Hartford Ins Group 12.4
Hawaii Allianz of America, Inc 22.1
Idaho Zurich Finl Svcs NA Group 28.4
III. CNA Ins Cos 8.6
Ind. Amer Intl Groups Inc 19.9
Iowa Assurant Solutions 16.8
Kan. CNA Ins Cos 9.9
Ky. Underwriters at Lloyd's 14.0
La. CNA Ins Cos 14.6
Maine Liberty Mutual Ins Cos 9.9
Md. St. Paul Travelers Group 8.4
Mass. St. Paul Travelers Group 9.7
Mich. Auto-Owners Ins Group 8.6
Minn. State Farm Group 10.6
Miss CNA Ins Cos 9.7
Mo. CNA Ins Cos 9.9
Mont Zurich Finl Svcs NA Group 12.6
Neb. Amer Intl Group, Inc 15.2
Nev. CNA Ins Cos 14.0
N.H. Liberty Mutual Ins Cos 11.2
N.J. Hartford Ins Group 31.6
N.M. CNA Ins Cos 10.9
N.Y Chubb Group of Ins Cos 15.0
N.C. CNA Ins Cos 9.0
N.D. St. Paul Travelers Group 10.0
Ohio Hartford Ins Group 13.8
Okla. Zurich Finl Svcs NA Group 9.9
Ore. FM Global Group 12.4
Pa. St. Paul Travelers Group 9.1
R.I. FM Global Group 7.5
S.C. Zurich Finl Svcs NA Group 8.0
S.D. Amer Modern Ins Group 50.1
Tenn. CNA Ins Cos 12.5
Texas St. Paul Travelers Group 13.4
Utah FM Global Groups 9.1
Vt. HDI US Group 15.7
Va. CNA Ins Cos 11.6
Wash. FM Global Group 14.8
W.Va. Assurant Solutions 11.8
Wis. Assurant Solutions 7.9
Wyo. Amer Intl Group, Inc 21.3
U.S. Total CNA Ins Cos 7.4
State Second Leader Share % Market
Share
Ala. Amer Intl Group, Inc
Alaska FM Global Group 8.2
Ariz. St. Paul Travelers Group 6.1
Ark. CNA Ins Cos 7.7
Calif Allianz of America, Inc 10.8
Colo. St. Paul Travelers Group 8.1
Conn. Chubb Group of Ins Cos 6.7
Del. Citigroup Ins Cos 11.8
D.C. Chubb Group of Ins Cos 10.2
Fla. CNA Ins Cos 11.1
Ga. Zurich Finl Svcs NA Group 7.3
Hawaii CNA Ins Cos 8.5
Idaho Farm Bureau of ID Group 17.6
III. St. Paul Travelers Group 7.2
Ind. CNA Ins Cos 8.6
Iowa Hartford Ins Group 12.3
Kan. Hartford Ins Group 7.9
Ky. Swiss Reins Group 9.3
La. Amer Intl Group, Inc 11.3
Maine Assurant Solutions 11.6
Md. Hartford Ins Group 9.6
Mass. Chubb Group of Ins Cos 7.3
Mich. State Farm Group 7.3
Minn. St. Paul Travelers Group 6.9
Miss Zurich Finl Svcs NA Groups 8.2
Mo. St. Paul Travelers Group 8.2
Mont St. Paul Travelers Group 8.9
Neb. Hartford Ins Group 9.4
Nev. Zurich Finl Svcs NA Group 9.6
N.H. Assurant Solutions 10.7
N.J. Chubb Group of Ins Cos 5.6
N.M. Zurich Finl Svcs NA Group 7.4
N.Y Allianz of America, Inc 10.3
N.C. Assurant Solutions 9.0
N.D. Old Republic Gen Group 8.7
Ohio Westfield Group 6.6
Okla. St. Paul Travelers Group 7.7
Ore. State Farm Group 9.0
Pa. CNA Ins Cos 6.2
R.I. St. Paul Travelers Group! 6.3
S.C. CNA Ins Cos 7.1
S.D. Hartford Ins Group 7.9
Tenn. FM Global Group 3.9
Texas Amer Intl Group, Inc 8.6
Utah St. Paul Travelers Group 12.1
Vt. Liberty Mutual Ins Cos 9.0
Va. St. Paul Travelers Group 7.8
Wash. Amer Intl Group, Inc 9.4
W.Va. St. Paul Travelers Group 12.5
Wis. Allianz of America, Inc 10.7
Wyo. Zurich Finl Svcs NA Group 7.2
U.S. Total Amer Intl Group, Inc 10.9
6.81
(1) ALR: Adjusted loss ratio is direct losses incurred divided by
the difference between direct premiums earned and dividends paid
to policyholders.
(2) DDCCE: Direct defense and cost-containment expense ratio is the
former allocated loss adjustment expense (ALAE) ratio.
(3) Insurers that distribute primarily through independent agents.
(4) Insurers that distribute primarily through a direct-selling system
or an exclusive agency system.
Source: A.M. Best Statement Products: State/Line. For more information
about custom data, call (908) 439-2200, ext. 5383.
Ocean Marine, Top Writers by U.S. State--2005
Rank is based on 2005 direct premiums written.
($ Thousands)
Direct % of
No. of Premiums U.S.
State Rank Cos. Written Total %
Ala. 20 124 $31,988 1.1
Alaska 26 72 21,745 0.8
Ariz. 35 100 10,867 0.4
Ark. 34 107 11,569 0.4
Calif. 2 140 280,111 9.9
Colo. 36 108 8,632 0.3
Conn. 14 112 49,571 1.7
Del. 38 90 6,336 0.2
D.C. 43 80 3,331 0.1
Fla. 3 143 271,033 9.5
Ga. 11 132 69,167 2.4
Hawaii 32 71 13,895 0.5
Idaho 46 89 2,401 0.1
III. 9 147 78,751 2.8
Ind. 30 121 15,201 0.5
Iowa 39 97 5,662 0.2
Kan. 40 92 5,082 0.2
Ky. 29 109 17,782 0.6
La. 5 135 214,818 7.6
Maine 27 94 20,948 0.7
Md. 10 120 75,459 2.7
Mass. 8 124 92,811 3.3
Mich. 15 121 41,450 1.5
Minn. 24 111 24,940 0.9
Miss. 28 118 19,875 0.7
Mo. 17 122 39,207 1.4
Mont 47 75 1,447 0.1
Neb. 42 77 3,870 0.1
Nev. 37 90 7,498 0.3
N.H. 31 96 13,940 0.5
N.J. 7 126 108,163 3.8
N.M. 49 83 949 0.0
N.Y 1 167 553,401 19.5
N.C. 16 116 39,325 1.4
N.D. 48 71 964 0.0
Ohio 18 127 36,766 1.3
Okla. 33 105 12,649 0.4
Ore. 22 114 25,847 0.9
Pa. 13 131 50,565 1.8
R.I. 21 96 30,812 1.1
S.C. 23 114 25,272 0.9
S.D. 50 69 530 0.0
Tenn. 19 118 36,184 1.3
Texas 4 165 250,874 8.8
Utah 41 96 4,929 0.2
Vt. 44 81 3,209 0.1
Va. 12 128 55,561 2.0
Wash. 6 138 115,769 4.1
W.Va. 45 86 3,028 0.1
Wis. 25 116 23,869 0.8
Wyo. 51 65 490 0.0
U.S. Total 304 $2,838,543 100.0
Premium
State Change ALR (1) DDCCE (2)
Ala. 16.0 281.0 18.7
Alaska -23.8 59.1 5.0
Ariz. 15.0 37.8 7.1
Ark. -5.2 97.6 5.8
Calif. 5.5 102.9 8.6
Colo. 6.5 26.5 4.6
Conn. 5.2 35.2 3.2
Del. 17.7 793.2 13.5
D.C. 25.4 17.0 2.5
Fla. 10.0 101.9 6.7
Ga. 62.8 44.9 3.5
Hawaii 6.7 93.6 9.2
Idaho -9.5 9.1 1.7
III. -2.2 51.7 4.9
Ind. -26.0 -14.7 3.7
Iowa -15.0 -48.1 2.4
Kan. 8.4 19.8 3.2
Ky. 13.2 185.6 5.5
La. 4.3 202.5 22.1
Maine -3.4 44.2 1.9
Md. 12.0 55.0 4.3
Mass. 3.3 39.3 4.0
Mich. -1.4 44.8 8.6
Minn. 15.8 19.3 3.3
Miss. 80.2 411.6 23.8
Mo. 6.7 26.4 3.5
Mont 12.4 -17.9 11.9
Neb. -5.9 12.4 0.6
Nev. 25.0 599.7 2.2
N.H. -6.3 37.1 5.6
N.J. 5.0 43.1 4.9
N.M. 12.1 18.1 0.7
N.Y -5.2 67.0 5.6
N.C. 10.4 45.8 3.2
N.D. 58.8 132.8 6.9
Ohio 7.4 62.6 5.7
Okla. 5.8 461.6 7.9
Ore. 10.7 64.9 3.9
Pa. 3.1 35.5 5.4
R.I. 8.9 50.3 6.1
S.C. 7.4 34.2 4.6
S.D. -7.3 50.6 0.8
Tenn. 9.3 34.8 1.9
Texas 18.8 180.9 8.3
Utah 3.3 10.7 17.2
Vt. -10.0 17.2 5.5
Va. 8.6 28.4 6.2
Wash. 5.4 54.9 5.0
W.Va. 33.3 -43.2 -30.0
Wis. 19.5 31.5 4.0
Wyo. -1.5 47.5 0.5
U.S. Total 5.4 92.7 7.3
Market Share
Agency Direct
State Writer (1) Writer (4)
Ala. 90.6 9.4
Alaska 90.1 9.9
Ariz. 79.8 20.2
Ark. 90.0 10.0
Calif. 95.0 5.0
Colo. 84.5 15.5
Conn. 91.2 8.8
Del. 92.3 7.7
D.C. 94.0 6.0
Fla. 92.6 7.4
Ga. 96.5 3.5
Hawaii 77.3 22.7
Idaho 69.3 30.7
III. 95.8 4.2
Ind. 94.7 5.3
Iowa 95.4 4.6
Kan. 71.9 28.1
Ky. 89.0 11.0
La. 93.9 6.1
Maine 90.2 9.8
Md. 96.3 3.7
Mass. 91.5 8.5
Mich. 90.8 9.2
Minn. 84.2 15.8
Miss. 93.7 6.3
Mo. 92.9 7.1
Mont 75.1 24.9
Neb. 92.4 7.6
Nev. 81.9 18.1
N.H. 89.9 10.1
N.J. 93.9 6.1
N.M. 69.5 30.5
N.Y 97.1 2.9
N.C. 90.2 9.8
N.D. 84.7 15.3
Ohio 95.4 4.6
Okla. 85.2 14.8
Ore. 90.3 9.7
Pa. 94.2 5.8
R.I. 89.3 10.7
S.C. 89.9 10.1
S.D. 62.5 37.5
Tenn. 95.0 5.0
Texas 83.0 17.0
Utah 59.7 40.3
Vt. 90.7 9.3
Va. 94.0 6.0
Wash. 88.8 11.2
W.Va. 97.5 2.5
Wis. 92.9 7.1
Wyo. 65.7 34.3
U.S. Total 92.6 7.4
% Market
State Leading Writer Share
Ala. St. Paul Travelers Group 16.6
Alaska St. Paul Travelers Group 19.4
Ariz. Markel Corp Group 13.5
Ark. Ace INA Group 22.1
Calif. Amer Intl Group, Inc 18.6
Colo. St. Paul Travelers Group 15.6
Conn. St. Paul Travelers Group 14.5
Del. Ace INA Group 20.5
D.C. Ace INA Group 43.4
Fla. Ace INA Group 20.1
Ga. Amer Intl Group, Inc 30.7
Hawaii Nationwide Group 20.9
Idaho Farmers Ins Group 18.4
III. St. Paul Travelers Group 14.8
Ind. Amer Intl Group, Inc 15.9
Iowa Zurich Finl Svcs NA Group 19.4
Kan. FM Global Group 15.5
Ky. Ace INA Group 22.2
La. HCC Ins Holdings 17.9
Maine W.R. Berkley Group 21.7
Md. Seaworthy Ins Co 32.1
Mass. Amer Intl Group, Inc 22.1
Mich. CNA Ins Cos 15.0
Minn. Ace INA Group 15.2
Miss. Amer Intl Group, Inc 24.9
Mo. Amer Intl Group, Inc 23.3
Mont Ace INA Group 21.1
Neb. Zurich Finl Svcs NA Group 24.2
Nev. Zurich Finl Svcs NA Group 29.6
N.H. St. Paul Travelers Group 32.7
N.J. St. Paul Travelers Group 19.1
N.M. Farmers Ins Group 21.4
N.Y Amer Steamship Owners Mut 26.6
N.C. Ace INA Group 18.2
N.D. St. Paul Travelers Group 57.2
Ohio Ace INA Group 19.8
Okla. HCC Ins Holdings 14.4
Ore. Amer Intl Group, Inc 20.0
Pa. CNA Ins Cos 15.7
R.I. Allianz of America, Inc 24.2
S.C. St. Paul Travelers Group 20.8
S.D. Farmers Ins Group 29.4
Tenn. Amer Intl Group, Inc 49.0
Texas Amer Intl Group, Inc 13.9
Utah Farmers Ins Group 13.5
Vt. Zurich Finl Svcs NA Group 22.3
Va. CNA Ins Cos 19.3
Wash. Chubb Group of Ins Cos 12.6
W.Va. Ace INA Group 20.3
Wis. St. Paul Travelers Group 31.4
Wyo. Farmers Ins Group 29.0
U.S. Total Amer Intl Group, Inc 11.4
% Market
State Second Leader Share
Ala. CNA Ins Cos 11.2
Alaska Navigators Ins Group 18.8
Ariz. Farmers Ins Group 11.9
Ark. CNA Ins Cos 11.9
Calif. Tokio Marine & Nichido Fire 10.2
Colo. Chubb Group of Ins Cos 10.2
Conn. CNA Ins Cos 12.0
Del. XL America Group 19.9
D.C. CNA Ins Cos 25.5
Fla. CNA Ins Cos 12.6
Ga. Ace INA Group 15.5
Hawaii White Mountains Ins Group 15.1
Idaho CNA Ins Cos 11.0
III. Amer Intl Group, Inc 13.1
Ind. Zurich Finl Svcs NA Group 14.7
Iowa CNA Ins Cos 14.7
Kan. NY Marine Group 13.6
Ky. White Mountains Ins Group 13.9
La. XL America Group 15.4
Maine St. Paul Travelers Group 16.1
Md. CNA Ins Cos 14.7
Mass. St. Paul Travelers Group 15.6
Mich. Ace INA Group 14.5
Minn. St. Paul Travelers Group 14.8
Miss. St. Paul Travelers Group 17.1
Mo. Allianz of America, Inc 10.9
Mont St. Paul Travelers Group 16.6
Neb. CNA Ins Cos 21.4
Nev. Ace INA Group 18.3
N.H. W.R. Berkley Group 14.8
N.J. CNA Ins Cos 13.5
N.M. CNA Ins Cos 15.3
N.Y Allianz of America, Inc 13.2
N.C. St. Paul Travelers Group 13.9
N.D. Farmers Ins Group 10.9
Ohio Allianz of America, Inc 12.1
Okla. NY Marine Group 13.4
Ore. St. Paul Travelers Group 11.7
Pa. Amer Intl Group, Inc 13.0
R.I. St. Paul Travelers Group 18.9
S.C. Ace INA Group 13.0
S.D. CNA Ins Cos 14.0
Tenn. CNA Ins Cos 10.7
Texas NY Marine Group 10.5
Utah Liberty Mutual Ins Cos 13.4
Vt. White Mountains Ins Group 15.5
Va. St. Paul Travelers Group 14.7
Wash. Amer Intl Group, Inc 10.2
W.Va. CNA Ins Cos 20.0
Wis. Ace INA Group 11.6
Wyo. Ace INA Group 15.1
U.S. Total St. Paul Travelers Group 10.3
(1) ALR: Adjusted loss ratio is direct losses incurred divided by
the difference between direct premiums earned and dividends
paid to policyholders.
(2) DDCCE: Direct defense and cost-containment expense ratio is the
former allocated loss adjustment expense (ALAE) ratio.
(3) Insurers that distribute primarily through independent agents.
(4) Insurers that distribute primarily through a direct-selling
system or an exclusive agency system.
Source: A.M. Best Statement Products: State/Line. For more
information about custom data, call (908) 439-2200, ext. 5383.
Fire & Allied Lines, Top Writers by U.S. State-2005
Rank is based on 2005 direct premiums written.
($ Thousands)
Direct % of
No. of Premiums U.S.
State Rank Cos. Written Total
Ala. 27 370 $286,774 1.2
Alaska 46 210 59,817 0.3
Ariz. 35 385 200,408 0.8
Ark. 29 376 275,019 1.2
Calif. 1 428 3,206,308 13.5
Colo. 25 363 298,744 1.3
Conn. 36 335 190,178 0.8
Del. 48 302 52,586 0.2
D.C. 49 263 49,318 0.2
Fla. 2 426 2,490,730 10.5
Ga. 10 445 567,412 2.4
Hawaii 39 209 126,154 0.5
Idaho 41 322 97,007 0.4
III. 5 499 913,901 3.9
Ind. 16 451 478,464 2.0
Iowa 14 369 504,521 2.1
Kan. 17 383 444,098 1.9
Ky. 31 400 265,392 1.1
La. 13 364 506,073 2.1
Maine 45 267 61,985 0.3
Md. 33 379 244,307 1.0
Mass. 19 354 411,397 1.7
Mich. 12 393 519,552 2.2
Minn. 8 369 601,131 2.5
Miss. 30 356 273,925 1.2
Mo. 15 438 484,787 2.0
Mont. 37 302 154,747 0.7
Neb. 22 332 387,627 1.6
Nev. 38 326 127,019 0.5
N.H. 47 272 52,601 0.2
N.J. 9 366 598,975 2.5
N.M. 43 325 77,435 0.3
N.Y. 4 458 1,190,221 5.0
N.C. 11 383 539,138 2.3
N.D. 23 273 376,189 1.6
Ohio 7 450 623,781 2.6
Okla. 32 378 264,481 1.1
Ore. 34 368 217,602 0.9
Pa. 6 478 644,817 2.7
R.I. 44 286 66,720 0.3
S.C. 21 362 388,696 1.6
S.D. 28 299 281,674 1.2
Tenn. 20 423 399,509 1.7
Texas 3 489 2,339,121 9.9
Utah 40 328 103,770 0.4
Vt. 51 255 35,285 0.1
Va. 24 409 361,474 1.5
Wash. 18 374 422,707 1.8
W.Va. 42 311 95,339 0.4
Wis. 26 406 297,854 1.3
Wyo. 50 273 38,320 0.2
U.S. Total 1265 $23,695,089 100.0
Premium
State % Change ALR (1) DDCCE (2)
Ala. 4.6 380.3 4.5
Alaska 2.9 65.8 0.9
Ariz. 7.5 97.6 2.5
Ark. -2.4 61.2 0.5
Calif. 1.5 44.5 1.6
Colo. -2.3 46.2 0.0
Conn. -10.6 22.9 0.1
Del. 5.1 20.4 0.1
D.C. -1.5 111.4 0.1
Fla. 13.5 181.8 3.8
Ga. 1.6 84.7 1.2
Hawaii 6.3 13.0 0.8
Idaho 2.4 36.7 0.1
III. -2.3 42.0 -1.2
Ind. 3.9 45.9 -1.2
Iowa -8.1 33.3 0.2
Kan. -3.4 54.6 0.7
Ky. -1.6 74.5 0.6
La. 6.9 999.9 37.4
Maine -2.8 35.2 0.7
Md. 3.1 56.1 0.9
Mass. 6.8 60.7 1.2
Mich. 4.8 95.4 0.7
Minn. -9.0 48.9 -0.1
Miss. -2.0 999.9 20.1
Mo. 0.9 34.2 0.0
Mont. 30.3 22.9 0.2
Neb. -6.6 45.7 0.3
Nev. 9.2 122.8 1.0
N.H. 16.1 25.8 1.0
N.J. -0.2 46.4 1.3
N.M. 5.2 68.6 2.2
N.Y. -2.3 11.5 6.8
N.C. -2.6 30.6 0.2
N.D. -4.3 61.1 -0.6
Ohio 1.7 49.5 0.6
Okla. 2.7 44.7 0.6
Ore. -1.9 47.8 1.2
Pa. 3.7 68.9 1.5
R.I. 1.4 39.7 1.2
S.C. 3.4 54.5 0.5
S.D. -4.2 46.1 -0.9
Tenn. 0.2 38.3 0.6
Texas 0.1 86.6 1.6
Utah -7.3 40.1 0.2
Vt. 14.4 47.1 0.5
Va. -2.1 20.5 0.5
Wash. -3.9 26.1 1.4
W.Va. 5.3 18.4 0.9
Wis. -4.7 45.0 0.1
Wyo. 11.5 20.1 -1.2
U.S. Total 1.2 169.0 2.4
Market Share
Agency Direct
State Writer (3) Writer (4)
Ala. 70.7 29.3
Alaska 60.6 39.4
Ariz. 68.4 31.6
Ark. 57.1 42.9
Calif. 79.2 20.8
Colo. 78.4 21.6
Conn. 62.9 37.1
Del. 73.7 26.3
D.C. 66.7 33.3
Fla. 79.3 20.7
Ga. 72.7 27.3
Hawaii 85.7 14.3
Idaho 75.7 24.3
III. 70.6 29.4
Ind. 77.0 23.0
Iowa 81.1 18.9
Kan. 69.0 31.0
Ky. 64.3 35.7
La. 66.3 33.7
Maine 67.2 32.8
Md. 77.1 22.9
Mass. 72.6 27.4
Mich. 78.8 21.2
Minn. 89.4 10.6
Miss. 69.6 30.4
Mo. 67.2 32.8
Mont. 76.6 23.4
Neb. 79.5 20.5
Nev. 62.1 37.9
N.H. 66.7 33.3
N.J. 80.4 19.6
N.M. 72.9 27.1
N.Y. 79.2 20.8
N.C. 68.2 31.8
N.D. 72.2 27.8
Ohio 71.1 28.9
Okla. 65.7 34.3
Ore. 57.4 42.6
Pa. 71.6 28.4
R.I. 70.2 29.8
S.C. 69.6 30.4
S.D. 81.3 18.7
Tenn. 61.4 38.6
Texas 73.7 26.3
Utah 62.6 37.4
Vt. 64.1 35.9
Va. 63.7 36.3
Wash. 58.7 41.3
W.Va. 68.6 31.4
Wis. 69.0 31.0
Wyo. 70.1 29.9
U.S. Total 74.0 26.0
% Market
State Leading Writer Share
Ala. FM Global Group 7.7
Alaska FM Global Group 12.0
Ariz. St. Paul Travelers Group 14.6
Ark. Southern Farm Bureau Group 18.1
Calif. CA Earthquake Authority 15.7
Colo. Ace INA Group 18.7
Conn. FM Global Group 16.0
Del. St. Paul Travelers Group 11.2
D.C. FM Global Group 23.0
Fla. Amer Intl Group, Inc 8.8
Ga. Amer Intl Group, Inc 7.9
Hawaii Ace INA Group 16.0
Idaho Ace INA Group 15.2
III. Great Amer P&C Ins Group 8.9
Ind. Great Amer P&C Ins Group 7.8
Iowa Ace INA Group 15.0
Kan. Ace INA Group 17.2
Ky. FM Global Group 10.3
La. State Farm Group 8.9
Maine FM Global Group 7.2
Md. Amer Intl Group, Inc 15.2
Mass. FM Global Group 14.6
Mich. Auto-Owners Ins Group 10.3
Minn. Allianz of America, Inc 20.1
Miss. Amer Intl Group, Inc 10.3
Mo. Ace INA Group 10.3
Mont. Ace INA Group 33.1
Neb. Ace INA Group 17.5
Nev. FM Global Group 17.8
N.H. FM Global Group 10.5
N.J. Amer Intl Group, Inc 10.0
N.M. St. Paul Travelers Group 10.4
N.Y. Amer Intl Group, Inc 20.8
N.C. NC Farm Bureau Ins Group 9.9
N.D. Ace INA Group 18.8
Ohio FM Global Group 8.3
Okla. Centurion Ins Group 10.0
Ore. FM Global Group 12.4
Pa. FM Global Group 11.4
R.I. FM Global Group 10.9
S.C. Ace INA Group 8.1
S.D. Ace INA Group 28.6
Tenn. FM Global Group 11.5
Texas Germania Mutual Group 7.3
Utah Balboa Ins Group 13.5
Vt. Amer Intl Group, Inc 16.6
Va. St. Paul Travelers Group 12.8
Wash. FM Global Group 11.9
W.Va. St. Paul Travelers Group 7.1
Wis. FM Global Group 11.3
Wyo. Allianz of America, Inc 15.0
U.S. Total Amer Intl Group, Inc 7.1
% Market
State Second Leader Share
Ala. St. Paul Travelers Group 6.0
Alaska State Farm Group 8.5
Ariz. FM Global Group 9.6
Ark. FM Global Group 6.7
Calif. Amer Intl Group, Inc 8.5
Colo. St. Paul Travelers Group 7.6
Conn. St. Paul Travelers Group 10.7
Del. Allianz of America, Inc 10.3
D.C. Amer Intl Group, Inc 17.9
Fla. Fidelity Nat Grouly 5.1
Ga. St. Paul Travelers Group 7.6
Hawaii Amer Intl Group, Inc 14.3
Idaho Amer Agri-Business Ins Co 9.9
III. FM Global Group 7.9
Ind. NAU Country Ins Co 6.6
Iowa FMH Ins Group 10.4
Kan. Centurion Ins Group 12.4
Ky. Underwriters at Lloyd's 5.8
La. Fidelity Natl Group 8.0
Maine Liberty Mutual Ins Cos 6.6
Md. St. Paul Travelers Group 10.3
Mass. St. Paul Travelers Group 10.3
Mich. Allianz of America, Inc 8.6
Minn. North Star Cos Group 7.2
Miss. Southern Farm Bureau Group 9.9
Mo. FM Global Group 7.5
Mont. Centurion Ins Group 12.7
Neb. Farmers Alliance Cos 16.2
Nev. St. Paul Travelers Group 14.5
N.H. Andover Cos 6.9
N.J. Selective Ins Group 8.9
N.M. Amer Intl Group, Inc 8.4
N.Y. St. Paul Travelers Group 10.5
N.C. Allianz of America, Inc 9.4
N.D. Centurion Ins Group 18.4
Ohio Centurion Ins Group 7.4
Okla. St. Paul Travelers Group 9.3
Ore. Ace INA Group 7.9
Pa. Amer Intl Group, Inc 9.6
R.I. St. Paul Travelers Group 9.7
S.C. FM Global Group 6.7
S.D. Centurion Ins Group 14.8
Tenn. TN Farmers Ins Cos 11.0
Texas Amer Intl Group, Inc 6.7
Utah FM Global Group 12.2
Vt. FM Global Group 8.4
Va. FM Global Group 9.2
Wash. State Farm Group 6.4
W.Va. FM Global Group 6.7
Wis. Centurion Ins Group 9.6
Wyo. St. Paul Travelers Group 10.1
U.S. Total FM Global Group 6.0
(1) ALR: Adjusted loss ratio is direct losses incurred divided by
the difference between direct premiums earned and dividends paid
to policyholders.
(2) DDCCE: Direct defense and cost-containment expense ratio is the
former allocated loss adjustment expense (ALAE) ratio.
(3) Insurers that distribute primarily through independent agents.
(4) Insurers that distribute primarily through a direct-selling system
or an exclusive agency system.
Source: A.M. Best Statement Products: State/Line. For more
information about custom data, call (908) 439-2200, ext. 5383.
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