Seeking security: inland marine insurers, especially in the transit area, will be the first to know if security has really improved. (Inland Marine: Property/Casualty).In the year following the Sept. 11 terrorist attacks, few people have been better positioned to assess whether American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of attitudes and practices regarding security have really changed than the underwriters of commercial inland marine insurance Inland marine insurance indemnifies loss to moving or movable property and is an outgrowth of ocean marine insurance. Historically, ocean marine insurance held the transporter responsible for property loss before, during, and after the completion of the voyage. . After all, their livelihood involves analyzing and pricing risk exposures of the nation's transportation system. Public action to improve security, especially in transportation, could theoretically flow directly to the bottom line of 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 marine insurers, serving as an external loss control program for the industry. Indeed, if public pronouncements alone could reduce losses, today might seem to be a golden age for inland marine underwriters. Since the November November: see month. 2001 convention of the American Truckers Association, when representatives of the FBI and the U.S. Department of Transportation vowed tough action against threats to the nation's transportation system, there have been a number of initiatives designed to close physical and procedural gaps that criminals and terrorists could exploit. That was all expected in the post-Sept. 11 belief that everything has changed. What was not expected is that, "for every few steps forward, there might also be a few steps back" on matters of transportation security, in the words of Ron Noun 1. Ron - a Chadic language spoken in northern Nigeria Bokkos, Daffo West Chadic - a group of Chadic languages spoken in northern Nigeria; Hausa in the most important member Thornton Thornton, city (1990 pop. 55,031), Adams co., NE Colo., a residential and industrial suburb of Denver; inc. 1956. Industries include oil and gas development and the production of computer graphics systems, wood products, coffee and tea, building components, infant , president of the Inland Marine Underwriters Association. For all the steps taken to improve transportation security, it is not at all certain that the environment for transportation security or the operating conditions of inland marine insurers have changed appreciably ap·pre·cia·ble adj. Possible to estimate, measure, or perceive: appreciable changes in temperature. See Synonyms at perceptible. in the past year. The Role of Inland Marine In essence, inland marine policies generally cover property with risk exposures that change regularly. Perhaps the best way to define inland marine insurance is to contrast it with commercial property insurance. Standard commercial property policies are written for buildings and business personal property that remain in the same place under the same conditions for long periods of time. A brick building in an area with good fire protection and low windstorm wind·storm n. A storm with high winds or violent gusts but little or no rain. windstorm A storm with high winds or violent gusts but little or no rain. exposure remains in that condition for years at a time. Inland marine risks, for the most part, can change their risk profile from day to day, even over the course of a single day. Cargo in a trailer In communications, a code or set of codes that make up the last part of a transmitted message. See trailer label. passes through many different locations and hazards
Hazards is an independent, union-friendly magazine based in Sheffield, England, which has won major international awards. in a single day. A backhoe operating on dry, flat ground one day could be operating on a slippery slope 'slippery slope' Medical ethics An ethical continuum or 'slope,' the impact of which has been incompletely explored, and which itself raises moral questions that are even more on the ethical 'edge' than the original issue the next. A building under construction is in a different stage of completion at the conclusion of a day's work (Naut.) the account or reckoning of a ship's course for twenty-four hours, from noon to noon. See also: Day than when work started in the morning. Information collected and stored through electronic data processing See EDP. (application) Electronic Data Processing - (EDP) data processing by electronic machines, i.e. computers. is constantly in flux flux In metallurgy, any substance introduced in the smelting of ores to promote fluidity and to remove objectionable impurities in the form of slag. Limestone is commonly used for this purpose in smelting iron ores. . Instrumentalities of transportation and communication are an exception to this in that bridges, tunnels The following are lists of tunnels:
insured n. by commercial property policies. 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 easier to control access to buildings, even public buildings, than it is to control access to bridges, tunnels, roadways and construction sites. It is telling that the greatest causes of loss in inland marine insurance are man-made man-made or man·made adj. Made by humans rather than occurring in nature; synthetic: man-made fibers; a manmade lake. See Usage Note at man. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest Inland Marine Cause of Loss Report published by the American Association American Association refers to one of the following professional baseball leagues:
AAIS Advanced Airborne Interceptor Simulator AAIS ACE ACCIS Implementation Strategy (NATO) AAIS America Association of Italian Studies AAIS Administration Automated Information System . That figure doesn't does·n't Contraction of does not. include vandalism The intentional and malicious destruction of or damage to the property of another. The intentional destruction of property is popularly referred to as vandalism. It includes behavior such as breaking windows, slashing tires, spray painting a wall with graffiti, and losses that are counted under extended coverage perils. Since public dangers pose an acute danger to inland marine risks, public safety and security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security are important to protect them. Concerns and Initiatives For years, inland marine underwriters labored under the handicap handicap In sports and games, a method of offsetting the varying abilities or characteristics of competitors in order to equalize their chances of winning. Handicapping takes many, often complicated, forms. that their risks were of secondary concern to law enforcement and the public because they only involved property. The inland marine industry watched lucrative secondary markets in stolen cargo and equipment develop as law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). , despite a few notable initiatives, understandably gave a higher priority to criminal activity that directly victimized members of the public. Then, suddenly, the Sept. 11 terrorist attacks seemed to suggest a close connection between transportation security and public safety. Acknowledging that truck bombs are the principal weapon of terrorists, an FBI speaker at the American Truckers Association meeting vowed a "cultural change" at the agency regarding cargo theft. Transportation Secretary Norman Norman, city (1990 pop. 80,071), seat of Cleveland co., central Okla.; inc. 1891. It is the center of a livestock region. Oil wells, food processing, and printing and publishing contribute to the economy, and there is diverse manufacturing (machinery, communication Mineta told the group that government and the private sector must work together to ensure that trucks "do not become engines of destruction" in the hands of terrorists. Since the attacks, a host of new initiatives have been undertaken to improve transportation security as it relates to cargo as well as passengers. The USA PATRIOT Act USA PATRIOT Act [Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorists], 2001, U.S. , passed in the wake of the attacks, included a requirement that anyone seeking a commercial driver's license Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something 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. be certified See certification. by the Department of Transportation as a nonthreat before qualifying for one. This followed reports that Middle Eastern men had sought licenses to transport hazardous materials, which in turn prompted investigations that found some "hazmat" drivers to have records of drug use and other problems that could compromise their performance and present a public danger. "While the primary focus is on rooting out potential terrorist threats, these efforts will assist truckers and insurers in better evaluating the operations of the truckers," wrote the Central Analysis Bureau, a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based organization that reports on the motor-carrier and trucking-insurance industries. In November 2001, the U.S. Customs Bureau formed the Customs-Trade Partnership Against Terrorism terrorism, the threat or use of violence, often against the civilian population, to achieve political or social ends, to intimidate opponents, or to publicize grievances. program. Under the program, designed to combat the risk of terrorists shipping weapons of mass destruction Weapons that are capable of a high order of destruction and/or of being used in such a manner as to destroy large numbers of people. Weapons of mass destruction can be high explosives or nuclear, biological, chemical, and radiological weapons, but exclude the means of transporting or into U.S. ports or across U.S. borders, participating importers can get expedited treatment of their loads if they implement specified spec·i·fy tr.v. spec·i·fied, spec·i·fy·ing, spec·i·fies 1. To state explicitly or in detail: specified the amount needed. 2. To include in a specification. 3. security procedures. "While the program is only available at the moment to importers, it will soon be opened to land, sea, and air carriers, brokers, warehousemen, and manufacturers," the CAB wrote. "Underwriters should be aware that this can be used as another tool in the 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. process." In addition, the federal government created a Transportation Security Administration and vowed that the Federal Motor Carrier Safety Administration The FMCSA was established as a separate administration within the U.S. Department of Transportation (DOT) on January 1, 2000, pursuant to the Motor Carrier Safety Improvement Act of 1999. would conduct a comprehensive series of investigations of motor carriers at risk of being used or targeted by terrorists. In another initiative of the war on terror This article is about U.S. actions, and those of other states, after September 11, 2001. For other conflicts, see Terrorism. The War on Terror (also known as the War on Terrorism , the White House in September September: see month. 2002 released its "National Strategy to Secure Cyberspace In the United States government, the National Strategy to Secure Cyberspace, is a component of the larger National Strategy for Homeland Security. The National Strategy to Secure Cyberspace was drafted by the Department of Homeland Security in reaction to the September 11, 2001 ," a comprehensive plan to thwart terrorist attempts to disrupt use of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Several insurers and insurance trade organizations worked with President Bush's Critical Infrastructure Protection Department of Defense (DOD) program to identify and protect assets critical to the Defense Transportation System. Loss of a critical asset would result in failure to support the mission of a combatant commander. Board to develop the plan, which calls for the board to work with the industry to "expand the availability and utilization utilization, n 1. the extent to which a given group uses a particular service in a specified period. Although usually expressed as the number of services used per year per 100 or per 1000 persons eligible for the service, utilization rates may be of insurance for managing cyber (1) From "cybernetics," it is a prefix attached to everyday words to add a computer, electronic or online connotation. The term is similar to "virtual," but the latter is used more frequently. See virtual. risk," traditionally an area of inland marine coverage. Will Action Match Rhetoric rhetoric: see oratory. rhetoric Art of speaking or writing effectively. It may entail the study of principles and rules of composition formulated by critics of ancient times, and it can also involve the study of writing or speaking as a means of ? For all the public initiatives to enhance security in commerce over the past year, some question whether the reality will match the rhetoric. "The reality is that everybody's really trying, but there's really been no change," said Jean Gardner Gardner, city (1990 pop. 20,125), Worcester co., N central Mass.; settled 1764, inc. as a city 1921. Its furniture and lumber industries date from c.1805. Diversified metal and electronics manufactures add to the city's economic base. A state prison is there. , a transportation attorney for the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. firm Schindel, Farman & Lipsius and the principal staff member of the CAB. "As to protecting cargo on the road, has anything changed? No, nothing's changing." "The attention now is on the movement of ships, containers and the cargo they carry," said Peter Scrobe, a cargo loss specialist who serves as chairman of the legislative committee of the National Cargo Security Council. "There is more to be done to address theft and hijacking hijacking Crime of seizing possession or control of a vehicle from another by force or threat of force. Although by the late 20th century hijacking most frequently involved the seizure of an airplane and its forcible diversion to destinations chosen by the air pirates, when problems, which are primarily related to truck transit transit, in astronomy, passage of a body across a meridian or passage of a small body across the visible disk of a larger one. (The passage of a large body across a smaller one is called an eclipse or occultation. . "Many of the multijurisdictional [cargo crime] task forces are losing their funding and being disbanded, which is counterproductive coun·ter·pro·duc·tive adj. Tending to hinder rather than serve one's purpose: "Violation of the court order would be counterproductive" Philip H. Lee. in combating both cargo crime and terrorism," Scrobe said. Scrobe and others expressed dismay that the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County CargoCATS crime unit, supported by shippers, insurers and several law enforcement agencies, was threatened with closure for lack of funding. The CargoCATS situation reflects the general outlook toward cargo crime nationwide, said Thornton at the IMUA IMUA Inland Marine Underwriters Association IMUA Interservice Material Utilization Agency . "You hear a lot of rhetoric [about enhanced security], but everybody's looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. someone else to fund it," he said. Observers understand that they cannot expect instant results. "We are a litigious litigious adj. referring to a person who constantly brings or prolongs legal actions, particularly when the legal maneuvers are unnecessary or unfounded. Such persons often enjoy legal battles, controversy, the courtroom, the spotlight, use the courts to punish and political society and it takes time--albeit too much, occasionally--to have anything done, even good things," said Scrobe. What's worrisome to people in the transportation insurance industry, both commercial auto writers and cargo insurers, is that efforts to enhance security are proceeding slowly at a time when motor carriers are being pummeled by skyrocketing insurance premiums and falling revenues. According to an ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment survey, rates for commercial auto coverage rose 32% on average in the months following the Sept. 11 attacks, with umbrella umbrella, a small canopy used as a protection against the sun in China, Egypt, and elsewhere in remote antiquity. It was often an emblem of rank. During the Middle Ages the umbrella became almost extinct in Europe; its usefulness was not rediscovered until the late coverage increasing as much as 120%. Consolidated Freightways Consolidated Freight was the 3rd biggest trucking company in the US. In the 1930s they started their own truck manufacturing operation, Freightliner, now part of DaimlerChrysler. , one of the nation's oldest and largest trucking firms, folded operations and filed for bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most after a surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act. surety n. writer withdrew coverage for the carrier's self-insured self-insured Self fund Health insurance adjective Referring to the practice of carrying an individual health insurance policy for oneself; self insurance is usually more expensive than group insurance vehicular casualty and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. programs. "Everybody I talk to is devastated dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. by the insurance increases," said Gardner. "Many are taking large deductibles. One big loss will put them out of business." Depressed Depressed A description of a market, security, or product that is experiencing weak demand and lowering prices. Notes: A depressed market, security, or product implies that prices and volume are low. There are many reasons for a depressed market, security, or product. conditions in the trucking industry leave the new technological methods of addressing security, such as biometric bi·o·met·rics n. (used with a sing. verb) The statistical study of biological phenomena. bi seals on containers, beyond the reach of small motor carriers, Gardner said. According to the ATA, 73% of the nation's motor carriers operate six or fewer trucks. "[Cargo insurance] rates are going up while [shipping] revenues are down," Thornton said. "Cargo insurers were hemorrhaging money during the soft market," he said. "Now, a lot of [insurance] companies are pulling out because they cannot make a buck Buck after murder of his master, leads wolf pack. [Am. Lit.: The Call of the Wild] See : Dogs Buck clever and temerarious dog perseveres in the Klondike. [Am. Lit.: Call of the Wild] See : Resourcefulness . Even with rates going up, they're they're Contraction of they are. they're be still pulling out." In an era when everything has (supposedly) changed, economic pressures have a greater impact on the underwriting of property in transit than do public safety measures safety measures, n.pl actions (e.g., use of glasses, face masks) taken to protect patients and office personnel from such known hazards as particles and aerosols from high-speed rotary instruments, mercury vapor, radiation exposure, anesthetic and the effect of which has yet to be determined.
Ocean Marine, Top Writers--2001
Rank is based on 2001 direct premiums written.
($ Thousands)
Direct
Premiums % Change in
Rank Group AMB # Written Premiums
1 CNA Ins Cos 18313 $267,554 6.6
2 American Intern Group 18540 220,526 15.8
3 Ace INA Group 18498 124,833 26.8
4 Allianze of Amer 18429 120,800 23.9
5 White Mtns Ins Group 18490 110,178 11.5
6 XL America Group 18491 108,195 53.5
7 St Paul Cos 00080 95,680 5.7
8 Royal & SunAlliance 18371 82,211 2.3
9 Zurich/Farmers Group 18549 75,012 163.2
10 Chubb Group of Ins Cos 00012 70,028 2.4
11 Atlantic Mutual Cos 00178 58,724 42.3
12 Travelers/Citigroup 18358 54,321 8.7
13 Amer Steamship Owner 00161 53,004 72.0
14 Great Amer P&C Group 04835 53,001 5.7
15 Liberty Mutual Ins Cos 00060 52,191 9.3
16 New York Marine Group 00419 46,408 35.2
17 Tokio M&F USB Group 02927 32,629 46.2
18 Markel Corp Group 18468 32,146 23.0
19 Navigators Ins Group 18081 31,230 44.1
20 Hartford Ins Group 00048 26,525 -0.8
21 State Farm Group 00088 20,435 9.9
22 USAA Group 04080 19,444 -4.7
23 GE Global Ins Group 18572 17,826 16.2
24 Kemper Ins Cos 04427 16,844 -24.1
25 Seaworthy Ins Co 11390 14,599 21.4
Top 25 P/C Cos. $1,804,342 19.2
Total U.S. P/C Cos. $1,987,957 15.5
Market Share(%)
Rank Group 2001 2000 1999
1 CNA Ins Cos 13.5 14.6 13.8
2 American Intern Group 11.1 11.1 10.1
3 Ace INA Group 6.3 5.7 5.0
4 Allianze of Amer 6.1 5.7 4.4
5 White Mtns Ins Group 5.5 5.7 5.1
6 XL America Group 5.4 4.1 2.2
7 St Paul Cos 4.8 5.3 5.9
8 Royal & SunAlliance 4.1 4.7 6.3
9 Zurich/Farmers Group 3.8 1.7 4.2
10 Chubb Group of Ins Cos 3.5 4.0 4.1
11 Atlantic Mutual Cos 3.0 2.4 2.1
12 Travelers/Citigroup 2.7 2.9 3.1
13 Amer Steamship Owner 2.7 1.8 1.7
14 Great Amer P&C Group 2.7 2.9 2.6
15 Liberty Mutual Ins Cos 2.6 2.8 2.7
16 New York Marine Group 2.3 2.0 2.0
17 Tokio M&F USB Group 1.6 1.3 1.0
18 Markel Corp Group 1.6 1.5 1.0
19 Navigators Ins Group 1.6 1.3 1.4
20 Hartford Ins Group 1.3 1.6 1.5
21 State Farm Group 1.0 1.1 1.1
22 USAA Group 1.0 1.2 1.1
23 GE Global Ins Group 0.9 0.9 0.0
24 Kemper Ins Cos 0.8 1.3 1.0
25 Seaworthy Ins Co 0.7 0.7 0.6
Top 25 P/C Cos. 90.8 88.0 84.0
Total U.S. P/C Cos. 100.0 100.0 100.0
Adjusted Loss Ratios (1)
Rank Group 2001 2000 1999
1 CNA Ins Cos 85.7 64.8 51.5
2 American Intern Group 74.7 86.2 79.4
3 Ace INA Group 59.8 39.6 75.6
4 Allianze of Amer 54.4 63.4 112.7
5 White Mtns Ins Group 48.6 72.2 53.5
6 XL America Group 103.9 93.7 87.3
7 St Paul Cos 36.5 48.6 102.3
8 Royal & SunAlliance 57.4 66.2 66.8
9 Zurich/Farmers Group 70.2 76.5 82.8
10 Chubb Group of Ins Cos 28.4 37.5 39.6
11 Atlantic Mutual Cos 53.2 76.7 44.2
12 Travelers/Citigroup 68.1 65.4 66.2
13 Amer Steamship Owner 46.5 94.8 91.7
14 Great Amer P&C Group 57.6 40.6 38.3
15 Liberty Mutual Ins Cos 80.7 80.1 123.4
16 New York Marine Group 71.8 50.3 60.6
17 Tokio M&F USB Group 57.2 68.8 67.9
18 Markel Corp Group 53.1 51.2 81.7
19 Navigators Ins Group 71.4 33.2 73.0
20 Hartford Ins Group 20.0 33.2 31.5
21 State Farm Group 47.2 15.6 42.5
22 USAA Group 37.8 40.0 50.9
23 GE Global Ins Group 62.2 67.1 0.0
24 Kemper Ins Cos 51.8 60.8 42.0
25 Seaworthy Ins Co 70.5 73.8 73.3
Top 25 P/C Cos. 64.0 64.3 70.0
Total U.S. P/C Cos. 63.6 66.4 67.8
% of 2001
Company
Rank Group Premiums
1 CNA Ins Cos 2.2
2 American Intern Group 1.4
3 Ace INA Group 3.4
4 Allianze of Amer 2.3
5 White Mtns Ins Group 2.9
6 XL America Group 7.6
7 St Paul Cos 1.5
8 Royal & SunAlliance 1.8
9 Zurich/Farmers Group 0.4
10 Chubb Group of Ins Cos 1.1
11 Atlantic Mutual Cos 6.1
12 Travelers/Citigroup 0.5
13 Amer Steamship Owner 100.0
14 Great Amer P&C Group 1.5
15 Liberty Mutual Ins Cos 0.5
16 New York Marine Group 63.1
17 Tokio M&F USB Group 11.7
18 Markel Corp Group 3.2
19 Navigators Ins Group 35.5
20 Hartford Ins Group 0.3
21 State Farm Group 0.1
22 USAA Group 0.3
23 GE Global Ins Group 0.9
24 Kemper Ins Cos 0.4
25 Seaworthy Ins Co 100.0
Top 25 P/C Cos. 1.1
Total U.S. P/C Cos. 0.6
(1.) ALR: Adjusted loss ratio is direct losses incurred divided by the
difference between direct premiums earned and dividends paid to
policyholders.
Source: A.M. Best Statement File Supplement: State/Line--P/C, as of June
28, 2002. For custom data, please call (908) 439-2200, ext. 5383.
Inland Marine, Top Writers--2001
Rank is based on 2001 direct premiums written.
($ Thousands)
Direct
Premiums % Change in
Rank Group AMB # Written Premiums
1 American Intern Group 18540 $867,647 17.2
2 Zurich/Farmers Group 18549 593,477 26.9
3 Kemper Ins Cos 04427 549,896 197.1
4 State Farm Group 00088 461,577 10.4
5 Travelers/Citigroup 18358 457,441 -14.8
6 Allianz of Amer 18429 411,914 21.7
7 Hartford Ins Group 00048 409,585 60.8
8 Assurant Group 18499 394,784 -2.9
9 Chubb Group of Ins Cos 00012 339,464 5.0
10 FM Global Group 18502 313,130 40.3
11 St Paul Cos 00080 284,601 27.0
12 Ace INA Group 18498 202,317 -6.5
13 Allstate Ins Group 00008 200,176 9.4
14 Great Amer P&C Group 04835 192,969 5.6
15 CNA Ins Cos 18313 177,942 -16.4
16 Royal & SunAlliance 18371 170,721 22.0
17 Nationwide Group 05987 142,944 4.7
18 White Mtns Ins Group 18490 136,534 -19.8
19 Markel Corp Group 18468 124,689 32.6
20 RLI Group 03883 114,716 14.5
21 Liberty Mutual Ins Cos 00060 105,339 -10.4
22 USAA Group 04080 97,876 5.8
23 Safeco Ins Cos 00078 90,709 -10.0
24 HDI U S Group 18492 76,634 70.1
25 Auto-Owners Ins Group 04354 74,416 14.3
Top 25 P/C Cos. $6,991,499 17.0
Total U.S. P/C Cos. $9,108,850 15.0
Market Share (%)
Rank Group 2001 2000 1999
1 American Intern Group 9.5 9.3 12.8
2 Zurich/Farmers Group 6.5 5.9 4.8
3 Kemper Ins Cos 6.0 2.3 2.3
4 State Farm Group 5.1 5.3 5.5
5 Travelers/Citigroup 5.0 6.8 6.5
6 Allianz of Amer 4.5 4.3 2.9
7 Hartford Ins Group 4.5 3.2 3.0
8 Assurant Group 4.3 5.1 5.9
9 Chubb Group of Ins Cos 3.7 4.1 4.0
10 FM Global Group 3.4 2.8 2.6
11 St Paul Cos 3.1 2.8 2.7
12 Ace INA Group 2.2 2.7 2.0
13 Allstate Ins Group 2.2 2.3 2.3
14 Great Amer P&C Group 2.1 2.3 2.3
15 CNA Ins Cos 2.0 2.7 2.7
16 Royal & SunAlliance 1.9 1.8 2.7
17 Nationwide Group 1.6 1.7 1.6
18 White Mtns Ins Group 1.5 2.2 2.0
19 Markel Corp Group 1.4 1.2 1.2
20 RLI Group 1.3 1.3 1.0
21 Liberty Mutual Ins Cos 1.2 1.5 1.6
22 USAA Group 1.1 1.2 1.1
23 Safeco Ins Cos 1.0 1.3 1.2
24 HDI U S Group 0.8 0.6 0.4
25 Auto-Owners Ins Group 0.8 0.8 0.7
Top 25 P/C Cos. 76.8 75.4 75.8
Total U.S. P/C Cos. 100.0 100.0 100.0
Adjusted Loss Ratios (1)
Rank Group 2001 2000 1999
1 American Intern Group 62.3 44.2 84.2
2 Zurich/Farmers Group 83.0 47.6 78.0
3 Kemper Ins Cos 63.0 37.5 48.5
4 State Farm Group 49.7 47.5 44.9
5 Travelers/Citigroup 40.1 35.4 41.9
6 Allianz of Amer 56.4 61.9 58.7
7 Hartford Ins Group 61.3 41.4 57.4
8 Assurant Group 18.2 13.9 21.0
9 Chubb Group of Ins Cos 196.4 49.0 62.7
10 FM Global Group 241.3 31.4 148.4
11 St Paul Cos 43.6 48.5 51.2
12 Ace INA Group 36.2 48.3 83.2
13 Allstate Ins Group 44.1 44.7 48.5
14 Great Amer P&C Group 44.3 53.8 42.5
15 CNA Ins Cos 62.1 53.9 60.1
16 Royal & SunAlliance 62.6 49.5 65.2
17 Nationwide Group -4.3 115.6 55.3
18 White Mtns Ins Group 163.9 75.3 75.7
19 Markel Corp Group 30.9 24.6 29.5
20 RLI Group 17.4 14.7 9.3
21 Liberty Mutual Ins Cos 47.9 52.5 64.9
22 USAA Group 36.8 34.8 36.8
23 Safeco Ins Cos 43.1 45.2 44.2
24 HDI U S Group 37.8 7.3 44.4
25 Auto-Owners Ins Group 50.8 52.5 54.0
Top 25 P/C Cos. 67.6 44.9 59.0
Total U.S. P/C Cos. 63.0 45.7 56.7
% of 2001
Company
Rank Group Premiums
1 American Intern Group 5.6
2 Zurich/Farmers Group 2.8
3 Kemper Ins Cos 11.6
4 State Farm Group 1.2
5 Travelers/Citigroup 3.8
6 Allianz of Amer 7.9
7 Hartford Ins Group 5.3
8 Assurant Group 19.7
9 Chubb Group of Ins Cos 5.5
10 FM Global Group 24.4
11 St Paul Cos 4.4
12 Ace INA Group 5.4
13 Allstate Ins Group 1.0
14 Great Amer P&C Group 5.5
15 CNA Ins Cos 1.4
16 Royal & SunAlliance 3.7
17 Nationwide Group 1.3
18 White Mtns Ins Group 3.5
19 Markel Corp Group 12.6
20 RLI Group 22.9
21 Liberty Mutual Ins Cos 1.1
22 USAA Group 1.6
23 Safeco Ins Cos 2.0
24 HDI U S Group 3.6
25 Auto-Owners Ins Group 2.8
Top 25 P/C Cos. 3.4
Total U.S. P/C Cos. 2.6
(1.) ALR: Adjusted loss ratio is direct losses incurred divided by the
difference between direct premiums earned and dividends paid to
policyholders.
Source: A.M. Best Statement File Supplement: State/ Line--P/C, as of
June 28, 2002. For custom data, please call (908) 439-220, ext. 5383.
Fire & Allied, Top Writers--2001
Rank is baded on 2001 direct premiums written.
($ Thousands)
Direct
Premiums % Change in
Rank Group AMB # Written Premiums
1 Zurich/Farmers Group 18549 $999,079 27.9
2 Ace INA Group 18498 861,580 23.6
3 American Intern Group 18540 849,829 46.6
4 Allianz of Amer 18429 824,167 16.8
5 FM Global Group 18502 768,907 29.7
6 Travelers/Citigroup 18358 637,182 21.5
7 St Paul Cos 00080 483,800 37.7
8 State Farm Group 00088 478,651 8.1
9 Royal & SunAlliance 18371 435,072 82.9
10 CNA Ins Cos 18313 431,851 84.7
11 Centurion Ins Group 18188 423,721 -0.6
12 Hartford Ins Group 00048 391,880 28.3
13 Assurant Group 18499 347,736 27.8
14 Allstate Ins Group 00008 337,358 5.6
15 Great Amer P&C Group 04835 308,248 32.8
16 Nationwide Group 05987 298,001 -3.7
17 Safeco Ins Cos 00078 237,962 -3.8
18 Acceptance Ins Cos 18003 219,985 -13.0
19 Farmers Alliance Cos 00114 209,252 12.9
20 GE Global Ins Group 18572 204,061 3.2
21 Bankers Ins Group Inc 18379 190,285 4.5
22 XL America Group 18491 184,165 109.1
23 USAA Group 04080 181,410 4.1
24 Liberty Mutual Ins Cos 00060 169,337 -0.7
25 Fairfax Fin (US) Group 03116 159,399 263.8
Top 25 P/C Cos. $10,632,918 24.3
Total U.S. P/C Cos. $15,379,525 20.4
Market Share (%)
Rank Group 2001 2000 1999
1 Zurich/Farmers Group 6.5 6.1 6.5
2 Ace INA Group 5.6 5.5 5.3
3 American Intern Group 5.5 4.5 4.5
4 Allianz of Amer 5.4 5.5 5.6
5 FM Global Group 5.0 4.6 4.3
6 Travelers/Citigroup 4.1 4.1 3.8
7 St Paul Cos 3.1 2.8 3.2
8 State Farm Group 3.1 3.5 3.8
9 Royal & SunAlliance 2.8 1.9 1.9
10 CNA Ins Cos 2.8 1.8 2.2
11 Centurion Ins Group 2.8 3.3 3.4
12 Hartford Ins Group 2.5 2.4 2.1
13 Assurant Group 2.3 2.1 2.4
14 Allstate Ins Group 2.2 2.5 2.6
15 Great Amer P&C Group 2.0 1.8 1.8
16 Nationwide Group 1.9 2.4 2.4
17 Safeco Ins Cos 1.5 1.9 2.1
18 Acceptance Ins Cos 1.4 2.0 2.1
19 Farmers Alliance Cos 1.4 1.5 1.4
20 GE Global Ins Group 1.3 1.5 0.0
21 Bankers Ins Group Inc 1.2 1.4 1.5
22 XL America Group 1.2 0.7 0.5
23 USAA Group 1.2 1.4 1.3
24 Liberty Mutual Ins Cos 1.1 1.3 1.5
25 Fairfax Fin (US) Group 1.0 0.3 0.4
Top 25 P/C Cos. 69.1 66.9 66.7
Total U.S. P/C Cos. 100.0 100.0 100.0
Adjusted Loss Ratios (1)
Rank Group 2001 2000 1999
1 Zurich/Farmers Group 220.5 103.9 84.2
2 Ace INA Group 150.6 82.2 81.5
3 American Intern Group 132.4 50.4 94.4
4 Allianz of Amer 389.1 72.0 83.8
5 FM Global Group 204.2 59.9 142.5
6 Travelers/Citigroup 218.5 45.7 74.6
7 St Paul Cos 86.4 39.9 59.7
8 State Farm Group 78.0 20.7 28.7
9 Royal & SunAlliance 171.2 67.1 59.1
10 CNA Ins Cos 105.9 71.0 -42.6
11 Centurion Ins Group 137.1 92.9 99.8
12 Hartford Ins Group 86.9 55.7 46.8
13 Assurant Group 49.7 30.3 31.4
14 Allstate Ins Group 108.5 33.9 47.1
15 Great Amer P&C Group 63.6 72.9 79.6
16 Nationwide Group 48.3 47.6 55.6
17 Safeco Ins Cos 50.4 51.8 48.6
18 Acceptance Ins Cos 197.7 170.5 204.9
19 Farmers Alliance Cos 92.9 81.8 76.3
20 GE Global Ins Group 793.8 24.5 -35.2
21 Bankers Ins Group Inc 50.5 30.8 36.2
22 XL America Group 334.5 28.7 115.5
23 USAA Group 57.3 36.0 46.1
24 Liberty Mutual Ins Cos 135.1 61.3 51.4
25 Fairfax Fin (US) Group 231.4 27.3 83.3
Top 25 P/C Cos. 174.0 63.9 74.5
Total U.S. P/C Cos. 142.2 63.3 71.9
% of 2001
Company
Rank Group Premiums
1 Zurich/Farmers Group 4.7
2 Ace INA Group 23.2
3 American Intern Group 5.5
4 Allianz of Amer 15.8
5 FM Global Group 60.0
6 Travelers/Citigroup 5.3
7 St Paul Cos 7.6
8 State Farm Group 1.3
9 Royal & SunAlliance 9.3
10 CNA Ins Cos 3.5
11 Centurion Ins Group 98.3
12 Hartford Ins Group 5.1
13 Assurant Group 17.3
14 Allstate Ins Group 1.6
15 Great Amer P&C Group 8.7
16 Nationwide Group 2.7
17 Safeco Ins Cos 5.2
18 Acceptance Ins Cos 87.1
19 Farmers Alliance Cos 65.0
20 GE Global Ins Group 10.8
21 Bankers Ins Group Inc 59.9
22 XL America Group 12.9
23 USAA Group 2.9
24 Liberty Mutual Ins Cos 1.8
25 Fairfax Fin (US) Group 6.9
Top 25 P/C Cos. 5.5
Total U.S. P/C Cos. 4.3
(1.) ALR: Adjusted loss ratio is direct losses incurred divided by the
difference between direct premiums earned and dividends paid to
policyholders.
Source: A.M. Best Statement File Supplement: State/ Line--P/C, as of
June 28, 2002. For custom data, please call (908) 439-220, ext. 5383.
Ocean Marine, Top Writers by State--2001
Rank based on 2001 direct premiums written.
($ Thousands)
No. of Direct % U.S Premium
State Rank Cos. Premiums Total Change ALR (1)
Ala. 21 137 $19,202 1.0 24.2 46.6
Alaska 27 79 15,184 0.8 22.0 71.1
Ariz. 35 110 8,354 0.4 17.7 24.5
Ark. 37 119 6,829 0.3 19.1 35.1
Calif. 2 156 195,355 9.8 14.2 59.4
Colo. 33 115 9,046 0.5 157.5 342.2
Conn. 11 114 47,131 2.4 37.7 74.9
Del. 40 97 3,549 0.2 27.0 22.5
D.C. 36 83 8,280 0.4 415.5 54.0
Fla. 3 158 174,342 8.8 4.9 62.3
Ga. 17 142 28,738 1.4 41.2 36.4
Hawaii 32 81 10,108 0.5 27.7 45.5
Idaho 47 93 1,644 0.1 -2.1 57.1
Ill. 9 160 55,300 2.8 2.1 57.5
Ind. 25 126 17,683 0.9 60.3 39.8
Iowa 38 104 5,796 0.3 17.4 64.7
Kan. 44 95 2,537 0.1 22.6 19.6
Ky. 29 114 13,274 0.7 4.8 123.5
La. 5 145 105,741 5.3 17.3 82.5
Maine 22 99 18,284 0.9 1.2 47.6
Md. 10 135 47,728 2.4 23.4 56.3
Mass. 8 141 77,369 3.9 21.3 65.3
Mich. 12 128 40,688 2.0 14.7 50.5
Minn. 26 111 17,145 0.9 13.4 52.6
Miss. 28 122 14,585 0.7 17.6 90.5
Mo. 16 127 29,690 1.5 28.6 42.1
Mont. 49 81 621 0.0 14.4 64.9
Neb. 45 83 2,252 0.1 -51.4 141.4
Nev. 39 89 5,435 0.3 21.2 86.7
N.H. 30 97 13,118 0.7 -6.3 39.4
N.J. 6 127 84,509 4.3 29.3 38.7
N.M. 48 80 829 0.0 54.2 40.6
N.Y. 1 184 406,838 20.5 12.8 69.8
N.C. 19 124 25,775 1.3 18.8 33.4
N.D. 41 70 3,374 0.2 999.9 22.3
Ohio 18 137 28,628 1.4 -0.2 38.9
Okla. 34 106 8,636 0.4 34.7 47.2
Ore. 24 126 18,096 0.9 2.3 50.5
Pa. 13 143 39,232 2.0 2.8 50.1
R.I. 23 102 18,201 0.9 14.6 145.7
S.C. 20 117 19,921 1.0 19.5 59.2
S.D. 51 70 222 0.0 -37.5 38.4
Tenn. 15 126 29,859 1.5 0.1 56.8
Texas 4 179 173,724 8.7 26.9 56.0
Utah 42 102 2,969 0.1 47.3 35.1
Vt. 43 88 2,735 0.1 43.7 42.9
Va. 14 136 35,257 1.8 19.4 75.1
Wash. 7 148 79,075 4.0 5.3 80.4
W.Va. 46 82 1,910 0.1 8.6 160.4
Wis. 31 119 12,916 0.6 -18.7 43.1
Wyo. 50 69 245 0.0 66.8 -0.7
U.S. Total 350 $1,987,957 100.0 15.5 63.6
Market Share
Agency Direct
State DDCCE (2) Writer (3) Writer (4) Leading Writer
Ala. 1.9 83.9 16.1 CNA Ins Co
Alaska 3.4 85.5 14.5 Royal & SunAlliance
Ariz. 3.3 88.2 11.8 CNA Ins Cos
Ark. 1.2 71.8 28.2 GE Global Ins Group
Calif. 2.9 92.8 7.2 American Intern Group
Colo. 4.1 95.5 4.5 XL America Group
Conn. 5.0 88.5 11.5 XL America Group
Del. 1.0 84.9 15.1 CNA Ins Cos
D.C. 3.1 96.1 3.9 XL America Group
Fla. 4.2 89.7 10.3 CNA Ins Cos
Ga. 3.7 88.8 11.2 CNA Ins Cos
Hawaii 3.4 84.1 15.9 CNA Ins Cos
Idaho 4.6 68.7 31.3 Liberty Mutual Ins Cos
Ill. -10.7 88.9 11.1 CNA Ins Cos
Ind. 7.7 77.7 22.3 Ace INA Group
Iowa 5.0 68.1 31.9 CNA Ins Cos
Kan. 1.8 90.5 9.5 Ace INA Group
Ky. 14.3 83.5 16.5 CNA Ins Cos
La. 9.2 82.8 17.2 CNA Ins Cos
Maine 3.2 90.2 9.8 W R Berkley Group
Md. 3.1 89.0 11.0 Seaworthy Ins Co
Mass. 3.5 81.7 18.3 American Intern Group
Mich. 3.4 92.0 8.0 St Paul Cos
Minn. 2.3 85.4 14.6 CNA Ins Co
Miss. 6.1 73.1 26.9 American Intern Group
Mo. -2.2 90.0 10.0 CNA Ins Cos
Mont. 7.6 84.7 15.3 USAA Group
Neb. 16.1 78.9 21.1 CNA Ins Cos
Nev. 8.8 90.6 9.4 American Intern Group
N.H. 3.8 93.4 6.6 CNA Ins Cos
N.J. 5.0 86.5 13.5 CNA Ins Cos
N.M. 1.2 86.4 13.6 CNA Ins Cos
N.Y. 3.7 94.6 5.4 American Intern Group
N.C. 1.2 86.6 13.4 CNA Ins Cos
N.D. 2.4 98.9 1.1 American Intern Group
Ohio -0.5 94.5 5.5 Ace INA Group
Okla. 6.0 90.8 9.2 American Intern Group
Ore. 5.9 93.3 6.7 American Intern Group
Pa. 4.3 79.7 20.3 CNA Ins Cos
R.I. 8.0 81.9 18.1 Allianz of America
S.C. 6.6 84.2 15.8 CNA Ins Cos
S.D. 2.4 74.7 25.3 Markel Corp Group
Tenn. 2.6 95.8 4.2 American Intern Group
Texas -2.8 75.9 24.1 American Intern Group
Utah 3.0 70.9 29.1 Liberty Mutual Ins Cos
Vt. -0.2 71.5 28.5 Zurich/Farmers Group
Va. 4.9 89.2 10.8 CNA Ins Cos
Wash. 4.3 89.4 10.6 St Paul Cos
W.Va. 14.7 94.9 5.1 CNA Ins Cos
Wis. 4.1 87.1 12.9 CNA Ins Cos
Wyo. 1.6 84.7 15.3 White Mtns Ins Group
U.S. Total 3.3 88.2 11.8 CNA Ins Cos
% Market % Market
State Share Second Leading Share
Ala. 18.1 Allianz of America 9.2
Alaska 15.8 Navigators Ins Group 13.2
Ariz. 11.5 American Intern Group 9.4
Ark. 11.5 CNA Ins Cos 10.8
Calif. 13.2 Allianz of America 11.9
Colo. 47.5 CNA Ins Cos 7.1
Conn. 21.0 CNA Ins Cos 16.8
Del. 26.6 Ace INA Group 12.6
D.C. 77.0 CNA Ins Cos 5.0
Fla. 17.9 Ace INA Group 17.9
Ga. 17.5 Chubb Group 10.3
Hawaii 22.9 Nationwide Group 11.0
Idaho 15.2 USAA Group 11.1
Ill. 13.6 American Intern Group 11.1
Ind. 35.6 Zurich/Farmers Group 18.9
Iowa 24.1 Zurich/Farmers Group 18.6
Kan. 20.6 CNA Ins Cos 19.2
Ky. 18.2 American Intern Group 15.0
La. 21.4 XL American Group 15.0
Maine 22.3 White Mtns Ins Group 14.6
Md. 30.4 CNA Ins Cos 14.6
Mass. 17.1 White Mtns Ins Group 13.4
Mich. 21.9 CNA Ins Cos 19.1
Minn. 16.9 St Paul Cos 11.1
Miss. 18.3 Zurich/Farmers Group 12.3
Mo. 18.0 American Intern Group 17.3
Mont. 12.0 White Mtns Ins Group 11.8
Neb. 28.4 St Paul Cos 11.7
Nev. 25.3 CNA Ins Cos 13.4
N.H. 33.9 W R Berkley Group 10.8
N.J. 12.9 XL American Group 10.4
N.M. 19.7 Ace INA Group 10.7
N.Y. 15.9 Amer Steamship Owner 13.0
N.C. 16.1 Ace INA Group 11.7
N.D. 93.1 CNA Ins Cos 0.8
Ohio 16.9 CNA Ins Cos 16.8
Okla. 28.5 New York Marine Group 13.0
Ore. 15.1 Navigators Ins Group 10.7
Pa. 20.3 Allianz of America 9.0
R.I. 16.2 Travelers/Citigroup 8.6
S.C. 15.3 Ace INA Group 14.6
S.D. 17.0 CNA Ins Cos 16.6
Tenn. 44.9 CNA Ins Cos 19.7
Texas 18.6 XL America Group 12.8
Utah 16.2 Markel Corp Group 11.8
Vt. 23.4 Ace INA Group 16.8
Va. 20.0 XL America Group 10.8
Wash. 10.7 CNA Ins Cos 10.1
W.Va. 47.8 White Mtns Ins Group 17.4
Wis. 16.8 Chubb Group 11.7
Wyo. 32.5 Hartford Ins Group 10.2
U.S. Total 13.5 American Intern Group 11.1
(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 File Supplement: State/Line -- P/C, as of
June 28, 2002.
For custom data, please call (908) 439-2200, ext. 5383.
Inland Marine, Top Writers by State-2001
Rank based on 2001 direct premiums written. ($ Thousands)
%
No. of Direct % U.S. Premium
State Rank Cos. Premiums Total Change ALR (1)
Ala. 23 401 $141,071 1.5 -0.7 62.1
Alaska 48 216 20,318 0.2 -8.0 42.5
Ariz. 27 395 121,479 1.3 14.6 46.4
Ark. 31 372 92,541 1.0 9.0 56.0
Calif. 1 433 1,372,362 15.1 24.2 32.5
Colo. 25 390 132,033 1.4 16.9 41.8
Conn. 14 343 181,460 2.0 35.5 56.1
Del. 44 303 28,067 0.3 19.7 41.2
D.C. 41 254 32,377 0.4 43.8 118.9
Fla. 4 443 556,850 6.1 22.2 55.6
Ga. 9 445 270,175 3.0 11.1 40.8
Hawaii 45 201 27,054 0.3 42.6 39.4
Idaho 39 333 33,705 0.4 4.2 44.7
Ill. 6 500 396,594 4.4 12.3 50.0
Ind. 18 457 167,446 1.8 13.7 38.4
Iowa 33 399 85,616 0.9 10.8 62.1
Kan. 28 387 107,330 1.2 32.8 51.0
Ky. 19 390 163,729 1.8 16.5 59.2
La. 16 349 172,432 1.9 24.6 37.6
Maine 42 282 31,501 0.3 26.7 43.0
Md. 22 394 141,118 1.5 9.6 51.2
Mass. 12 350 193,299 2.1 20.1 35.2
Mich. 10 397 268,016 2.9 10.7 49.9
Minn. 20 404 158,566 1.7 13.1 59.9
Miss. 30 387 95,674 1.1 -2.4 35.5
Mo. 21 426 148,560 1.6 -4.7 46.0
Mont. 47 315 23,960 0.3 11.8 50.2
Neb. 34 351 62,272 0.7 14.3 52.6
Nev. 35 344 58,065 0.6 26.4 57.7
N.H. 40 288 33,615 0.4 11.8 40.3
N.J. 8 361 302,778 3.3 15.3 49.6
N.M. 37 324 38,389 0.4 9.1 41.6
N.Y. 3 433 613,775 6.7 13.9 194.9
N.C. 11 400 244,568 2.7 13.5 47.8
N.D. 49 313 20,063 0.2 17.0 44.6
Ohio 5 465 426,985 4.7 28.1 56.5
Okla. 29 371 96,951 1.1 11.9 83.3
Ore. 32 377 88,659 1.0 19.0 43.2
Pa. 7 469 305,527 3.4 15.7 47.9
R.I. 43 298 28,543 0.3 15.5 32.9
S.C. 24 384 133,470 1.5 8.4 36.8
S.D. 46 326 24,697 0.3 27.7 46.9
Tenn. 17 454 172,155 1.9 8.9 49.0
Texas 2 488 686,367 7.5 21.1 118.8
Utah 36 359 52,358 0.6 0.7 38.4
Vt. 51 270 15,747 0.2 -0.1 40.1
Va. 15 419 178,092 2.0 14.5 46.7
Wash. 13 385 182,477 2.0 -28.0 95.8
W.Va. 38 306 34,751 0.4 -6.0 32.0
Wis. 26 422 125,465 1.4 -1.0 51.2
Wyo. 50 298 19,748 0.2 23.7 44.5
U.S. Total 1,260 $9,108,850 100.0 15.0 63.0
Market Share
Agency Direct
State DDCCE (2) Writer (3) Writer (4) Leading Writer
Ala. 0.9 68.1 31.9 Assurant Group
Alaska 0.1 53.2 46.8 Zurich/Farmers Group
Ariz. 1.3 68.5 31.5 American Intern Group
Ark. 1.4 50.9 49.1 Southern F B Group
Calif. 1.8 74.9 25.1 American Intern Group
Colo. 1.1 68.9 31.1 Zurich/Farmers Group
Conn. 15.3 73.0 27.0 Assurant Group
Del. 0.9 79.0 21.0 Travelers/Citigroup
D.C. 1.0 62.3 37.7 Zurich/Farmers Group
Fla. 1.2 65.2 34.8 Kemper Ins Cos
Ga. 1.1 70.3 29.7 Zurich/Farmers Group
Hawaii 1.2 79.2 20.8 Allianz of America
Idaho 2.4 60.1 39.9 Zurich/Farmers Group
Ill. 1.2 72.6 27.4 American Intern Group
Ind. 1.0 75.1 24.9 American Intern Group
Iowa -4.4 74.0 26.0 Hartford Ins Group
Kan. 0.9 76.0 24.0 Hartford Ins Group
Ky. 0.7 83.0 17.0 Underwriters at Lloyds KY
La. 1.7 63.6 36.4 American Intern Group
Maine 0.7 73.9 26.1 American Intern Group
Md. 1.2 71.6 28.4 American Intern Group
Mass. 0.8 82.3 17.7 American Intern Group
Mich. 0.9 74.0 26.0 Allmerica P & C Cos
Minn. 1.5 67.7 32.3 State Farm Group
Miss. 0.2 59.9 40.1 Assurant Group
Mo. 1.0 64.0 36.0 American Intern Group
Mont. 1.1 71.5 28.5 St Paul Cos
Neb. 0.6 78.8 21.2 Hartford Ins Group
Nev. 1.9 62.8 37.2 Kemper Ins Cos
N.H. 0.3 64.6 35.4 Liberty Mutual Ins Cos
N.J. 2.0 74.3 25.7 Zurich/Farmers Group
N.M. 1.0 70.2 29.8 American Intern Group
N.Y. 1.9 82.0 18.0 American Intern Group
N.C. 1.0 65.2 34.8 Kemper Ins Cos
N.D. 1.0 72.7 27.3 Old Republic Gen Group
Ohio 0.6 79.5 20.5 Hartford Ins Group
Okla. 2.1 70.4 29.6 Zurich/Farmers Group
Ore. 1.3 68.7 31.3 Zurich/Farmers Group
Pa. 2.0 71.9 28.1 American Intern Group
R.I. 1.1 77.0 23.0 American Intern Group
S.C. 0.6 71.2 28.8 Assurant Group
S.D. 0.6 76.9 23.1 Travelers/Citigroup
Tenn. 0.8 71.8 28.2 Kemper Ins Cos
Texas 0.5 69.5 30.5 Zurich/Farmers Group
Utah 0.5 62.6 37.4 St Paul Cos
Vt. 0.0 71.7 28.3 Liberty Mutual Ins Cos
Va. 1.2 70.6 29.4 Kemper Ins Cos
Wash. 1.8 71.6 28.4 American Intern Group
W.Va. 0.7 77.2 22.8 St Paul Cos
Wis. 0.9 70.6 29.4 American Intern Group
Wyo. 0.7 70.0 30.0 Zurich/Farmers Group
U.S. Total 1.4 72.2 27.8 American Intern Group
% Market % Market
State Share Second Leading Share
Ala. 9.8 American Intern Group 8.8
Alaska 12.7 FM Global Group 10.0
Ariz. 11.1 Zurich/Farmers Group 9.0
Ark. 21.9 American Intern Group 8.6
Calif. 9.7 FM Global Group 7.6
Colo. 10.8 St Paul Cos 10.4
Conn. 26.5 Swiss Reins Group 8.9
Del. 23.9 American Intern Group 10.0
D.C. 14.1 Chubb Group 10.2
Fla. 10.2 State Farm Group 8.4
Ga. 8.8 Assurant Group 8.5
Hawaii 26.6 Kemper Ins Cos 13.9
Idaho 10.8 F B of Idaho Group 7.9
Ill. 11.5 State Farm Group 8.1
Ind. 10.3 Kemper Ins Cos 9.4
Iowa 11.2 State Farm Group 6.8
Kan. 18.5 Kemper Ins Cos 7.6
Ky. 30.2 American Intern Group 8.0
La. 11.6 State Farm Group 8.5
Maine 12.6 Liberty Mutual Ins Cos 8.1
Md. 7.2 Hartford Ins Group 6.6
Mass. 11.0 Ace INA Group 9.5
Mich. 9.8 American Intern Group 8.7
Minn. 9.5 Zurich/Farmers Group 7.9
Miss. 12.5 Zurich/Farmers Group 10.4
Mo. 12.1 State Farm Group 9.7
Mont. 8.6 Safeco Ins Cos 7.7
Neb. 9.7 American Intern Group 6.6
Nev. 18.3 Zurich/Farmers Group 14.1
N.H. 11.3 Nichido F & M USB 5.3
N.J. 11.5 American Intern Group 10.0
N.M. 10.3 Kemper Ins Cos 9.3
N.Y. 15.3 Chubb Group 12.4
N.C. 11.1 Zurich/Farmers Group 7.5
N.D. 7.4 State Farm Group 5.9
Ohio 19.2 American Intern Group 13.9
Okla. 11.4 American Intern Group 7.3
Ore. 8.1 State Farm Group 6.8
Pa. 10.7 Travelers/Citigroup 7.4
R.I. 13.8 Travelers/Citigroup 6.1
S.C. 20.1 Travelers/Citigroup 8.4
S.D. 10.6 Zurich/Farmers Group 5.5
Tenn. 10.5 American Intern Group 9.1
Texas 11.3 American Intern Group 10.3
Utah 8.8 Zurich/Farmers Group 8.3
Vt. 11.1 American Intern Group 7.3
Va. 9.0 Assurant Group 7.0
Wash. 8.0 Hartford Ins Group 7.8
W.Va. 9.6 American Intern Group 7.5
Wis. 8.4 State Farm Group 5.8
Wyo. 13.9 American Intern Group 12.8
U.S. Total 9.5 Zurich/Farmers Group 6.5
(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 File Supplement: State/Line-P/C, as of June
28, 2002.
For custom data, please call (908) 439-2200, ext. 5383.
Fire & Allied, Top Writers by State--2001
Rank based on 2001 direct premiums written.
($ Thousands)
%
No. of Direct % U.S. Premium
State Rank Cos. Premiums Total Change
Ala. 26 379 $215,090 1.4 16.8
Alaska 46 206 36,314 0.2 1.0
Ariz. 36 375 121,684 0.8 16.3
Ark. 27 379 201,966 1.3 19.7
Calif. 1 452 1,898,198 12.3 17.2
Colo. 33 367 164,754 1.1 -2.6
Conn. 34 335 136,824 0.9 26.7
Del. 47 284 30,525 0.2 10.3
D.C. 48 241 29,315 0.2 49.1
Fla. 3 445 1,513,077 9.8 24.7
Ga. 12 441 387,923 2.5 23.9
Hawaii 37 197 82,824 0.5 2.8
Idaho 39 298 64,931 0.4 2.9
Ill. 5 506 599,565 3.9 19.8
Ind. 18 442 289,261 1.9 12.5
Iowa 13 372 359,574 2.3 8.2
Kan. 17 380 300,533 2.0 37.0
Ky. 31 394 175,916 1.1 21.2
La. 11 354 390,002 2.5 20.8
Maine 45 248 39,196 0.3 9.1
Md. 35 383 136,701 0.9 18.3
Mass. 22 345 244,384 1.6 33.0
Mich. 16 398 300,646 2.0 15.6
Minn. 9 371 410,475 2.7 15.1
Miss. 25 362 241,749 1.6 21.3
Mo. 14 432 324,681 2.1 20.8
Mont. 38 295 69,841 0.5 26.9
Neb. 19 327 275,164 1.8 15.7
Nev. 41 321 62,408 0.4 25.1
N.H. 49 259 27,958 0.2 14.2
N.J. 10 350 402,272 2.6 23.7
N.M. 43 314 53,839 0.4 14.4
N.Y. 4 452 655,682 4.3 26.0
N.C. 7 378 415,376 2.7 17.1
N.D. 23 266 244,156 1.6 8.4
Ohio 8 460 411,038 2.7 26.9
Okla. 28 375 195,402 1.3 25.4
Ore. 29 355 181,914 1.2 29.8
Pa. 6 473 418,824 2.7 27.8
R.I. 44 277 46,516 0.3 43.2
S.C. 21 365 269,055 1.7 16.2
S.D. 32 292 173,004 1.1 20.4
Tenn. 20 433 274,204 1.8 22.0
Texas 2 484 1,605,747 10.4 21.1
Utah 42 324 60,048 0.4 22.1
Vt. 50 244 19,569 0.1 12.5
Va. 24 402 243,593 1.6 31.6
Wash. 15 361 315,736 2.1 24.6
W.Va. 40 300 63,175 0.4 18.9
Wis. 30 405 180,068 1.2 18.1
Wyo. 51 263 18,832 0.1 28.9
U.S. Total 1,355 $15,379,525 100.0 20.4
Market Share
Agency Direct
State ALR (1) DDCEE (2) Writer (3) Writer (4)
Ala. 135.9 2.0 67.2 32.8
Alaska 69.5 1.6 52.6 47.4
Ariz. 104.4 2.8 68.1 31.9
Ark. 60.9 0.7 60.5 39.5
Calif. 71.1 4.3 65.4 34.6
Colo. 69.1 1.4 67.1 32.9
Conn. 88.6 0.9 57.2 42.8
Del. 36.4 3.2 65.8 34.2
D.C. 73.6 1.9 68.5 31.5
Fla. 26.6 1.1 63.4 36.6
Ga. 55.2 6.2 71.3 28.7
Hawaii 18.6 0.0 65.7 34.3
Idaho 75.7 -0.7 76.3 23.7
Ill. 47.1 1.1 64.0 36.0
Ind. 73.4 1.4 69.2 30.8
Iowa 93.2 0.5 76.3 23.7
Kan. 86.6 0.5 61.9 38.1
Ky. 55.1 0.9 58.7 41.3
La. 65.2 1.2 62.2 37.8
Maine 49.0 1.5 61.7 38.3
Md. 59.2 1.5 68.6 31.4
Mass. 61.8 3.3 71.8 28.2
Mich. 79.7 4.1 67.5 32.5
Minn. 117.1 1.7 70.8 29.2
Miss. 76.9 0.9 70.3 29.7
Mo. 79.8 1.3 64.5 35.5
Mont. 220.4 0.6 74.4 25.6
Neb. 74.5 0.6 80.2 19.8
Nev. 59.7 1.0 61.7 38.3
N.H. 76.5 1.5 64.2 35.8
N.J. 42.5 1.9 66.3 33.7
N.M. 49.1 1.8 65.2 34.8
N.Y. 999.9 33.7 76.1 23.9
N.C. 32.3 0.8 63.8 36.2
N.D. 139.7 0.5 76.0 24.0
Ohio 60.6 1.1 65.4 34.6
Okla. 86.9 1.4 64.1 35.9
Ore. 43.8 1.0 60.1 39.9
Pa. 54.9 1.8 70.0 30.0
R.I. 73.5 2.0 72.2 27.8
S.C. 31.1 0.6 61.9 38.1
S.D. 102.8 0.3 81.6 18.4
Tenn. 49.0 0.8 57.7 42.3
Texas 173.1 4.2 59.5 40.5
Utah 49.9 -1.9 54.7 45.3
Vt. 46.8 1.6 66.8 33.2
Va. 47.0 0.9 61.0 39.0
Wash. 93.1 2.4 62.9 37.1
W.Va. 76.4 2.0 71.9 28.1
Wis. 93.3 1.4 58.6 41.4
Wyo. 113.7 1.1 59.0 41.0
U.S. Total 142.2 3.4 65.8 34.2
% Market
State Leading Writer Share Second Leading
Ala. Ace INA Group 7.8 FM Global Group
Alaska State Farm Group 10.7 Ace INA Group
Ariz. Travelers/Citigroup 9.1 Zurich/Farmers Group
Ark. Southern F B Group 17.2 Allianz of America
Calif. Zurich/Farmers Group 10.5 Allianz of America
Colo. Ace INA Group 12.2 Zurich/Farmers Group
Conn. FM Global Group 12.9 Travelers/Citigroup
Del. Selective Ins Group Inc 11.0 Zurich/Farmers Group
D.C. American Intern Group 13.5 FM Global Group
Fla. Bankers Ins Group Inc 7.5 Ace INA Group
Ga. American Intern Group 7.9 Ace INA Group
Hawaii Ace INA Group 19.1 CNA Ins Cos
Idaho Ace INA Group 16.4 Acceptance Ins Cos
Ill. Zurich/Farmers Group 8.6 Country Ins & Fin
Ind. Great Amer P&C Group 6.1 FM Global Group
Iowa Ace INA Group 11.0 FMH Ins Group
Kan. Kansas F B Group 15.6 Ace INA Group
Ky. Centurion Ins Group 7.3 FM Global Group
La. State Farm Group 10.1 American Intern Group
Maine GE Global Ins Group 9.2 Zurich/Farmers Group
Md. Travelers/Citigroup 8.7 FM Global Group
Mass. FM Global Group 10.0 Travelers/Citigroup
Mich. Auto-Owners Ins Group 10.3 Zurich/Farmers Group
Minn. Centurion Ins Group 15.3 Allianz of America
Miss. American Intern Group 12.0 Allianz of America
Mo. Ace INA Group 8.3 American Intern Group
Mont. Ace INA Group 23.9 Centurion Ins Group
Neb. Farmers Alliance Cos 15.6 Ace INA Group
Nev. FM Global Group 14.1 American Intern Group
N.H. FM Global Group 10.2 Zurich/Farmers Group
N.J. Zurich/Farmers Group 13.0 Selective Ins Group Inc
N.M. American Intern Group 10.6 Zurich/Farmers Group
N.Y. American Intern Group 11.6 Travelers/Citigroup
N.C. Ace INA Group 10.1 No Carolina FB Group
N.D. Allianz of America 14.0 White Mtns Ins Group
Ohio FM Global Group 7.7 Zurich/Farmers Group
Okla. Centurion Ins Group 10.8 NatlAmer Ins Co (OK)
Ore. FM Global Group 9.0 Ace INA Group
Pa. FM Global Group 9.9 American Intern Group
R.I. American Intern Group 16.2 FM Global Group
S.C. Ace INA Group 7.9 Royal & SunAlliance
S.D. Allianz of America 15.4 Farmers Alliance Cos
Tenn. Tenn Farmers Cos 12.9 FM Global Group
Texas Zurich/Farmers Group 9.8 Allianz of America
Utah FM Global Group 10.2 Zurich/Farmers Group
Vt. Royal & SunAlliance 11.1 FM Global Group
Va. American Intern Group 10.1 Travelers/Citigroup
Wash. Allianz of America 9.1 Safeco Ins Cos
W.Va. Ace INA Group 7.5 St Paul Cos
Wis. FM Global Group 8.8 Centurion Ins Group
Wyo. FM Global Group 11.3 Zurich/Farmers Group
U.S. Total Zurich/Farmers Group 6.5 Ace INA Group
% Market
State Share
Ala. 7.5
Alaska 10.0
Ariz. 7.8
Ark. 12.6
Calif. 6.1
Colo. 8.4
Conn. 8.2
Del. 10.2
D.C. 13.0
Fla. 7.4
Ga. 7.5
Hawaii 9.2
Idaho 11.3
Ill. 8.0
Ind. 5.2
Iowa 7.1
Kan. 12.2
Ky. 6.9
La. 8.9
Maine 8.9
Md. 8.1
Mass. 7.9
Mich. 10.0
Minn. 6.9
Miss. 9.7
Mo. 7.0
Mont. 10.3
Neb. 15.6
Nev. 11.9
N.H. 6.9
N.J. 8.3
N.M. 7.6
N.Y. 9.3
N.C. 9.1
N.D. 12.3
Ohio 7.0
Okla. 8.9
Ore. 8.1
Pa. 9.5
R.I. 6.8
S.C. 6.9
S.D. 15.1
Tenn. 8.3
Texas 6.2
Utah 10.0
Vt. 9.1
Va. 9.3
Wash. 8.7
W.Va. 7.1
Wis. 8.6
Wyo. 9.7
U.S. Total 5.6
(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 File Supplement: State/Line -- P/C, as of
June 28, 2002.
For custom data, please (908) 439-2200, ext. 5383.
RELATED ARTICLE: Inland Marine Coverage Officially, the classes or risk categories of inland marine insurance are established by the "nationwide definition" of the "insuring powers of marine and transportation underwriters," last modified mod·i·fy v. mod·i·fied, mod·i·fy·ing, mod·i·fies v.tr. 1. To change in form or character; alter. 2. by the National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is an Internal Revenue Code Section 501(c)(3) non-profit organization which seeks to organize the regulatory and supervisory efforts of the various state insurance commissioners from around the United States. in 1976. According to the nationwide definition, marine insurance consists of four broad categories: * Transportation insurance, which encompasses cargo and containers, but not vehicles or vehicle liability; * Insurance for transportation and communications infrastructure such as bridges, tunnels and transmission towers; * Personal property "floaters floaters /float·ers/ (flo´ters) “spots before the eyes”; deposits in the vitreous of the eye, usually moving about and probably representing fine aggregates of vitreous protein occurring as a benign degenerative change. ," which insure Insure can mean:
valuables valuable npl → Wertsachen pl such as cameras and jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. that are easily moved ("float") from place to place; and * Commercial property floaters, which insure valuable business property that moves about, most notably contractors' equipment. This category, however, also entails builders' risk and installation policies on permanent fixtures and structures that are tinder construction, as well as coverage for electronic data processing. Joseph S. Harrington Rock Critic; Author of Sonic Cool:The Life And Death Of Rock And Roll Joe Harrington was born in Portland, Maine to a dirt poor laborer father and a mother who all she did was bake bread. is communications manager for the American Association of Insurance Services, Wheaton Wheaton. 1 City (1990 pop. 51,464), seat of Du Page co., NE Ill., a residential suburb of Chicago; inc. 1859. It is a religious center and the headquarters of the Theosophical Society of America. Many evangelical organizations are also based there. , Ill. |
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