Sudden Impact: Inland marine writers are facing diminished reinsurance capacity and higher rates following the terrorist attacks. (Property/Casualty).The effect of the worst catastrophe Catastrophe, from the Greek Καταστροφή (katastrephein), literally means "to turn" (strephein) "downwards" (kata-). to hit the insurance industry--the Sept. 11 terrorist attacks--was so massive its tentacles touched even the 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 industry. Weighing weigh 1 v. weighed, weigh·ing, weighs v.tr. 1. To determine the weight of by or as if by using a scale or balance. 2. in with about $8 billion in direct premiums written in 2000, the line is a small part of the $314.7 billion property/casualty market. The drop in capacity offered by reinsurers to inland marine direct writers after the disaster is causing a sudden jolt to an already hardening hardening, in metallurgy, treatment of metals to increase their resistance to penetration. A metal is harder when it has small grains, which result when the metal is cooled rapidly. market. "The reinsurers were leading the rate-hardening parade parade of finery; most notable ones in New York and Atlantic City on Easter Sunday. [Pop. Culture: Misc.] See : Easter PARADE - PARallel Applicative Database Engine. as early as July July: see month. and August. That was a precursor precursor /pre·cur·sor/ (pre´kur-ser) something that precedes. In biological processes, a substance from which another, usually more active or mature, substance is formed. In clinical medicine, a sign or symptom that heralds another. to the fact that if the insurance companies weren't were·n't Contraction of were not. weren't were not hardening the rates themselves, the reinsurers were going to help them by increasing reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. costs," said 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. While rates are going up, so is the demand for coverage. Industry observers are seeing more interest in coverage for fine arts, motor truck cargo and contractors/builders risk. An Eclectic e·clec·tic adj. 1. Selecting or employing individual elements from a variety of sources, systems, or styles: an eclectic taste in music; an eclectic approach to managing the economy. 2. Line The best description for inland marine is eclectic. Insiders Insiders These are directors and senior officers of a corporation-in effect, those who have access to inside information about a company. An insider also is someone who owns more than 10% of the voting shares of a company. say the line covers everything that falls through the cracks, but the precise definition says it insures items that are mobile in nature as well as instruments of communication and transportation. That includes everything from fine arts, builders risk/contractors equipment and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. to motor truck cargo and bridge and tunnel This article is about the descriptive geographic term. For the Off-Broadway show, see Bridge and Tunnel (show). Bridge and tunnel (often abbreviated B&T) is a disparaging neologism for people who travel to Manhattan from surrounding communities. insurance. A.M. Best Co. data show that direct premiums written for inland marine grew 4% last year, almost keeping pace with property/casualty's 5% growth. 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 a fairly top-heavy Top-heavy At a price level where supply is exceeding demand. See: Resistance level. lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of insurers, with about 50% of the business written by the top 10 writers. During the last year nine of the top 10 writers played musical chairs with their rankings. Most notably, Allianz Allianz SE[1], (ISIN: DE0008404005; IPA pronunciation: [alli-anz], and formerly AG) is a large financial service provider headquartered in Munich, Germany. moved from the No. 8 spot in 1999 to No. 6 in 2000 when Fireman's Fund acquired McGee McGee may refer to: People
Web Site www.assurant.com Assurant Businesses Assurant Employee Benefits Assurant Health Assurant Solutions Group dropped from No. 2 in 1999 to No. 5 in 2000; and American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. remained the leader with 9.3% of the line's market share. Fifteen of the top 20 writers gained market share, and the total line's loss ratio improved to 45.7 from 56.7 a year earlier. Changes Afoot The events of Sept. 11 affected 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. , rate structure and reinsurance arrangements of inland marine. Insurers not only are taking a harder look at risks and asking more questions, but now they are faced with the ultimate risk to cover--terrorism. As contract renewals come up, it's a "mixed bag" response from reinsurers about whether they will include 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. in their new policies, said Sophia Phillips Phil·lips A trademark used for a screw with a head having two intersecting perpendicular slots and for a screwdriver with a tip shaped to fit into these slots. , vice president, marine, for Kemper Kemper may refer to:
Contraction of they will. they'll will call to say they won't won't Contraction of will not. won't will not won't will , she said. In contractors/builders risk, underwriting will demand that there are strict controls in place at job sites, said Don Griffen Griffen can mean any of the following:
Contraction of you will. you'll you will or you shall you'll will see a re-emphasis on insurance companies selecting the correct risk, not the right price. There will be more questions asked than in a soft market," Thornton said. The threat of terrorist strikes is casting a new light on coverage for such areas of inland marine as motor truck cargo insurance. Inland marine writers are looking more closely at a truck driver's background, especially since news reports said one of the witnesses being sought in the terrorist attacks was licensed to haul hazardous materials. In a recent address to the 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 Trucking Association, 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 Y. Mineta urged all carriers, shippers and truck drivers to be especially alert to terrorist attacks and has proposed legislation to give the Department of Transportation greater authority to stop and inspect trucks carrying hazardous materials. Thornton said the trucking industry also has asked Congress for the authority to perform more uniform, nationwide background checks on drivers. A Special Touch To solve the problem of inexperienced in·ex·pe·ri·ence n. 1. Lack of experience. 2. Lack of the knowledge gained from experience. in underwriting and to ensure long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. retention, Kemper built its inland marine department around the expertise of niche niche: see ecology. niche Smallest unit of a habitat that is occupied by an organism. A habitat niche is the physical space occupied by the organism; an ecological niche is the role the organism plays in the community of organisms found in the agencies, relying on their expertise to attract the most profitable program business, such as jewelers block, professional camera equipment and cold storage coverage. About 20% to 30% of Kemper's inland marine business is in programs. Kemper is also the 13th-largest inland marine writer with 5.1% of its 2000 premiums sold in this line. "Our strategy is not to let one line dominate. If one segment has an adverse trend, we can be flexible in the marketplace," said Phillips. Time limits also are becoming important parts of contracts in light of Sept. 11, Phillips said. In the past, companies were never too concerned about time limits in a quote. Now, because the situation has become so fluid, "you have to say the quote is good 'until' a certain time, as rates aren't aren't Contraction of are not. See Usage Note at ain't. aren't are not aren't be sticking past 30 days," she said. Reinsurance Changes Thornton said the overarching o·ver·arch·ing adj. 1. Forming an arch overhead or above: overarching branches. 2. Extending over or throughout: "I am not sure whether the missing ingredient . . . issue in all inland marine coverage is what the terrorism clause is going to look like in both insurance and reinsurance contracts. "There will be a change in coverage, because the reinsurance market said, 'We're not doing this anymore; we'll we'll Contraction of we will. we'll we will or we shall we'll will ~shall do it this time, [but] now we want an exclusion exclusion /ex·clu·sion/ (eks-kloo´zhun) 1. a shutting out or elimination. 2. surgical isolation of a part, as of a segment of intestine, without removal from the body. ,'" he said. This directly affects classic inland marine coverage on bridges, tunnels The following are lists of tunnels:
killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide Leber Leber is a surname, and may refer to:
Northeast or north east is the ordinal direction halfway between north and east. It is the opposite of southwest. See boxing the compass. , where Royal & SunAlliance insures several risks. Inland marine insurers also are facing reduced capacity from reinsurers. Phillips said this means insurers have to work harder and earlier than ever before to get the coverage. In cases where it took one or two reinsurers to cover a deal, it now takes four or five. Rates also are rising in areas such as contractors/builders risk that cover equipment, especially the coverage of new construction in builders risk. "Prior to Sept. 11, you could get up to $100 million in capacity in this line. Now the maximum is around $25 million," Phillips said. The Art Angle With the collapse of the two World Trade Center towers came the loss of about $100 million worth of art held in both private and public collections. It was tagged tag 1 n. 1. A strip of leather, paper, metal, or plastic attached to something or hung from a wearer's neck to identify, classify, or label: sale tags on all coats and dresses. 2. the single-largest art loss ever, 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. Axa Art Insurance Corp., which estimates its losses from artwork 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. there at $20 million. Among items lost were a collection of Rodin sculptures housed in the Cantor Fitzgerald Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading, as well as investment banking, asset management, market data and brokerage services. offices, the Alexander Calder Noun 1. Alexander Calder - United States sculptor who first created mobiles and stabiles (1898-1976) Calder sculpture sculpture, art of producing in three dimensions representations of natural or imagined forms. It includes sculpture in the round, which can be viewed from any direction, as well as incised relief, in which the lines are cut into a flat surface. "Bent BENT Beginning Evening Nautical Twilight BENT Backup Exec Windows NT (Veritas software) BENT Equipment Indicated Is Inoperative BENT Equipment Out of Operation Propeller propeller, device consisting of a hub with one or more blades that propels a craft to which it is attached by rotating its blades in a fluid such as air or water. " and a Joan Joan of Arc, St. (1412–1431) heroically followed call to save France. [Christian Hagiog.: Attwater, 187] See : Patriotism Miro tapestry tapestry, hand-woven fabric of plain weave made without shuttle or drawboy, the design of weft threads being threaded into the warp with fingers or a bobbin. that hung in the mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. of Two WorldTrade Center. The big issues arising in fine arts coverage from the catastrophe's aftermath AFTERMATH. A right to have the last crop of grass or pasturage. 1 Chit. Pr. 181. are making sure items are insured to value and rising rates. An article in the Economist This article is about the profession. For the news publication, see The Economist. An economist is an expert in the social science of economics.[1] recently reported that fine arts rates are going up 15% to 25% as a result of the catastrophe. Previously, the handful of signature players in the field--Lloyd's, Atlantic Mutual, Chubb Chubb is the name of several individuals and companies:
See also: Spite a soft market, due to the line's historically low loss ratio of 20 and 30, said Grace Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs , a vice president in the inland marine division of Atlantic Mutual Cos. "Before Sept. 11, without much thought, you'd you'd 1. Contraction of you had. 2. Contraction of you would. you'd you had or you would you'd have ~would give out $75 million to $100 million of capacity for a nominal Trifling, token, or slight; not real or substantial; in name only. Nominal capital, for example, refers to extremely small or negligible funds, the use of which in a particular business is incidental. NOMINAL. Relating to a name. amount of money. Whereas they could do $100 million easily on a good risk, all they can do now is $50 million, due to lack of reinsurance," Thomas said. Corporate vs. Private The growing threat of terrorism holds more impact in the corporate-owned art collections that are displayed in office buildings than privately held ones. Most corporate collectors
Misc This is a list of noted collectors.
1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. insure Insure can mean:
"The Cantor Fitzgerald art collection was probably worth in excess of the insurance they purchased. They figured we'd we'd 1. Contraction of we had. 2. Contraction of we should. 3. Contraction of we would. we'd have ~would have a fire on one floor or have to loan a piece to a museum but the entire collection would never be a risk in their mind. That's the way most corporate collectors used to think," Thomas said. Insureds also are discovering it's important to insure to value because policies are written on agreed amounts. "So if you tell me your Miro is worth $1 million, I write a policy that says I will pay $1 million, even though it's worth $5 million," Thomas said. In the wake of growing terrorist incidents The following is a timeline of acts and failed attempts that can be considered non-state terrorism. Massacres more generally are listed chronologically at List of massacres; assassinations are listed by location at List of assassinated people. , underwriters of fine arts also will be scrutinizing where their insureds' artworks This article is about the software drawing application. For art objects, see work of art. ArtWorks is an advanced vector drawing package for RISC OS created by Computer Concepts (now Xara) in 1991. It has been developed by MW Software since 1996. are housed and looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. anything that could be hazardous. "High-profile locations will be looked at with a raised eyebrow eyebrow /eye·brow/ (-brou) 1. supercilium; the transverse elevation at the junction of the forehead and the upper eyelid. 2. supercilia; the hairs growing on this elevation. ," Thomas said.
Inland Marine, Top Writers--2000
Direct Premiums
Written % Premium
Group/Company ($ Thousands) Change
American International Group $733,956 -24.1
Travelers/Citigroup Co 536,588 9.8
Zurich/Farmers Group 472,224 29.5
State Farm Group 418,268 0.0
Assurant Group 406,739 -9.4
Allianz of America 338,385 54.9
Chubb Group of Insurance Cos 323,392 5.8
Hartford Insurance Group 254,722 13.2
St Paul Cos 224,073 10.2
FM Global Group 223,211 13.7
Ace NA Group 216,281 46.4
CNA Insurance Cos 212,758 3.6
Kemper Insurance Cos 185,107 8.6
Allstate Insurance Group 182,909 5.4
Great American P&C Group 182,662 6.5
CGU Group 170,203 9.7
Royal & SunAlliance 139,904 -30.9
Nationwide Group 136,464 12.5
Liberty Mutual Insurance Cos 117,575 -3.6
Safeco Insurance Cos 100,814 8.8
RLI Group 100,201 34.2
Markel Corp Group 94,013 0.6
USAA Group 92,480 8.3
Sentry Insurance Group 65,154 16.6
Auto-Owners Group 65,090 16.2
Total U.S. Companies $7,919,037 4.0
Market Share (%)
Group/Company 2000 1999 1998
American International Group 9.3 12.7 9.6
Travelers/Citigroup Co 6.8 6.4 6.3
Zurich/Farmers Group 6.0 4.8 5.4
State Farm Group 5.3 5.5 5.8
Assurant Group 5.1 5.9 7.0
Allianz of America 4.3 2.9 2.8
Chubb Group of Insurance Cos 4.1 4.0 4.5
Hartford Insurance Group 3.2 3.0 3.2
St Paul Cos 2.8 2.7 2.8
FM Global Group 2.8 2.6 2.7
Ace NA Group 2.7 1.9 1.9
CNA Insurance Cos 2.7 2.7 3.2
Kemper Insurance Cos 2.3 2.2 1.3
Allstate Insurance Group 2.3 2.3 2.4
Great American P&C Group 2.3 2.3 2.0
CGU Group 2.1 2.0 1.8
Royal & SunAlliance 1.8 2.7 2.8
Nationwide Group 1.7 1.6 1.6
Liberty Mutual Insurance Cos 1.5 1.6 1.9
Safeco Insurance Cos 1.3 1.2 1.3
RLI Group 1.3 1.0 1.2
Markel Corp Group 1.2 1.2 1.2
USAA Group 1.2 1.1 1.2
Sentry Insurance Group 0.8 0.7 0.9
Auto-Owners Group 0.8 0.7 0.7
Total U.S. Companies 100.0 100.0 100.0
Adjusted Loss Ratio (*)
Group/Company 2000 1999 1998
American International Group 44.4 84.4 47.9
Travelers/Citigroup Co 35.4 41.9 46.3
Zurich/Farmers Group 47.6 78.0 78.5
State Farm Group 47.5 44.9 46.4
Assurant Group 13.9 21.0 22.9
Allianz of America 61.9 58.7 63.5
Chubb Group of Insurance Cos 49.0 62.7 36.9
Hartford Insurance Group 41.4 57.4 44.6
St Paul Cos 48.5 51.2 66.1
FM Global Group 31.4 148.4 37.1
Ace NA Group 48.3 83.2 80.7
CNA Insurance Cos 53.9 60.1 60.9
Kemper Insurance Cos 37.5 48.5 61.9
Allstate Insurance Group 44.7 48.5 45.3
Great American P&C Group 53.8 42.5 46.4
CGU Group 75.5 76.1 87.5
Royal & SunAlliance 49.5 65.2 61.5
Nationwide Group 115.6 55.3 39.2
Liberty Mutual Insurance Cos 52.5 64.9 73.6
Safeco Insurance Cos 45.2 44.2 48.1
RLI Group 14.7 9.3 5.4
Markel Corp Group 24.6 29.5 49.3
USAA Group 34.8 36.8 41.3
Sentry Insurance Group 83.8 81.2 78.8
Auto-Owners Group 52.5 54.0 50.2
Total U.S. Companies 45.7 56.7 50.1
% of
Company
Group/Company Premiums
American International Group 5.6
Travelers/Citigroup Co 5.0
Zurich/Farmers Group 2.6
State Farm Group 1.3
Assurant Group 19.8
Allianz of America 7.1
Chubb Group of Insurance Cos 5.9
Hartford Insurance Group 3.7
St Paul Cos 4.1
FM Global Group 22.8
Ace NA Group 7.8
CNA Insurance Cos 2.1
Kemper Insurance Cos 5.1
Allstate Insurance Group 0.9
Great American P&C Group 5.5
CGU Group 3.7
Royal & SunAlliance 3.3
Nationwide Group 1.4
Liberty Mutual Insurance Cos 1.3
Safeco Insurance Cos 2.2
RLI Group 23.7
Markel Corp Group 13.6
USAA Group 1.6
Sentry Insurance Group 4.9
Auto-Owners Group 2.8
Total U.S. Companies 2.5
(*)Adjusted loss is direct losses incurred divided by the difference
between direct premiums earned and dividends paid to policyholders.
Source: A.M. Best Statement and Competitive Analysis Report Products
Ocean Marine, Top Writers -- 2000
Direct Premiums
Written % Premium
Group/Company ($ Thousands) Change
CNA Insurance Cos $251,037 4.8
American International Group 190,450 8.9
Ace INA Group 98,415 12.4
CGU Group 98,393 11.5
Allianz of America 97,474 27.0
St Paul Cos 90,545 -11.3
Royal & SunAlliance 80,366 -27.2
XL America Group 69,619 84.6
Chubb Group of Insurance Cos 68,390 -4.9
Great American P&C Group 50,130 10.7
Travelers/Citigroup Co 49,969 -7.0
Liberty Mutual Insurance Cos 47,766 2.1
Atlantic Mutual Cos 41,257 13.9
Swiss Reinsurance Group 36,204 -5.5
New York Marine Group 34,319 -1.2
American Steamship Owners 30,814 2.7
Mutual
Zurich/Farmers Group 28,504 -60.9
Hartford Insurance Group 26,738 5.8
Markel Corp Group 26,144 49.0
Tokio M&F USB Group 22,323 27.0
Kemper Insurance Cos 22,181 24.7
Navigators Group 21,670 -11.4
USAA Group 20,409 4.5
State Farm Group 18,596 -5.1
GE Capital Insurance Group 15,336 0.0
Total U.S. Companies $1,720,879 -1.1
Market Share (%)
Group/Company 2000 1999 1998
CNA Insurance Cos 14.6 13.8 13.4
American International Group 11.1 10.1 9.5
Ace INA Group 5.7 5.0 4.8
CGU Group 5.7 5.1 4.8
Allianz of America 5.7 4.4 4.0
St Paul Cos 5.3 5.9 6.5
Royal & SunAlliance 4.7 6.3 7.3
XL America Group 4.0 2.2 1.4
Chubb Group of Insurance Cos 4.0 4.1 4.4
Great American P&C Group 2.9 2.6 2.2
Travelers/Citigroup Co 2.9 3.1 3.2
Liberty Mutual Insurance Cos 2.8 2.7 2.5
Atlantic Mutual Cos 2.4 2.1 1.9
Swiss Reinsurance Group 2.1 2.2 2.6
New York Marine Group 2.0 2.0 2.4
American Steamship Owners 1.8 1.7 1.6
Mutual
Zurich/Farmers Group 1.7 4.2 2.8
Hartford Insurance Group 1.6 1.5 1.4
Markel Corp Group 1.5 1.0 0.4
Tokio M&F USB Group 1.3 1.0 1.0
Kemper Insurance Cos 1.3 1.0 1.0
Navigators Group 1.3 1.4 1.1
USAA Group 1.2 1.1 1.1
State Farm Group 1.1 1.1 1.0
GE Capital Insurance Group 0.9 0.0 0.0
Total U.S. Companies 100.0 100.0 100.0
Adjusted Loss Ratio (*)
Group/Company 2000 1999
CNA Insurance Cos 64.8 51.5
American International Group 86.2 79.4
Ace INA Group 39.6 75.6
CGU Group 72.9 56.4
Allianz of America 63.4 112.7
St Paul Cos 48.6 102.3
Royal & SunAlliance 66.2 66.8
XL America Group 94.2 86.6
Chubb Group of Insurance Cos 37.5 39.6
Great American P&C Group 40.6 38.3
Travelers/Citigroup Co 65.4 66.2
Liberty Mutual Insurance Cos 80.1 123.4
Atlantic Mutual Cos 76.7 44.2
Swiss Reinsurance Group 140.4 101.3
New York Marine Group 50.3 60.6
American Steamship Owners 94.8 91.7
Mutual
Zurich/Farmers Group 76.5 82.8
Hartford Insurance Group 33.2 31.5
Markel Corp Group 51.2 81.7
Tokio M&F USB Group 68.8 67.9
Kemper Insurance Cos 60.8 42.0
Navigators Group 33.2 73.0
USAA Group 40.0 50.9
State Farm Group 45.6 42.5
GE Capital Insurance Group 66.1 0.0
Total U.S. Companies 65.9 67.8
% of
Adjusted Company
Loss Ratio
(*)
Group/Company 1998 Premiums
CNA Insurance Cos 74.1 2.5
American International Group 65.2 1.5
Ace INA Group 51.5 3.6
CGU Group 62.6 2.1
Allianz of America 97.0 2.0
St Paul Cos 84.7 1.7
Royal & SunAlliance 65.7 1.9
XL America Group 63.6 8.2
Chubb Group of Insurance Cos 68.9 1.2
Great American P&C Group 63.6 1.5
Travelers/Citigroup Co 73.7 0.5
Liberty Mutual Insurance Cos 51.2 0.5
Atlantic Mutual Cos 74.3 4.6
Swiss Reinsurance Group 87.8 7.3
New York Marine Group 56.3 69.4
American Steamship Owners 79.1 100.0
Mutual
Zurich/Farmers Group 71.7 0.2
Hartford Insurance Group 49.6 0.4
Markel Corp Group 40.0 3.8
Tokio M&F USB Group 53.8 9.6
Kemper Insurance Cos 69.2 0.6
Navigators Group 87.6 44.0
USAA Group 59.0 0.4
State Farm Group 52.0 0.1
GE Capital Insurance Group 0.0 0.7
Total U.S. Companies 70.9 0.5
(*)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 and Competitive Analysis Report Products
Fire & Allied, Top Writers-- 2000
Direct Premiums
Written % Premium
Group/Company ($ Thousands) Change
Zurich/Farmers Group $780,996 2.0
Allianz of America 705,605 8.3
Ace INA Group 696,917 12.5
FM Global Group 593,013 17.3
American International Group 536,121 10.8
Travelers/Citigroup Co 524,463 16.8
State Farm Group 442,584 -1.1
Centurion Insurance Group 426,237 7.0
St Paul Cos 351,336 -5.5
Allstate Insurance Group 319,589 3.5
Nationwide Group 309,370 9.0
Hartford Insurance Group 305,334 21.8
Assurant Group 271,998 -1.4
Acceptance Insurance Cos 254,921 1.8
Safeco Insurance Cos 247,314 0.9
Royal & SunAlliance 237,910 4.9
CNA Insurance Cos 233,855 -9.3
Great American P&C Group 232,053 12.0
GE Capital Insurance Group 197,805 999.9
Farmers Alliance Cos 185,261 16.2
Bankers Insurance Group Inc 182,141 5.3
USAA Group 174,294 10.3
Symons International Group 173,998 13.4
Liberty Mutual Insurance Cos 170,603 -0.2
Unitrin Inc 142,194 11.6
Total U.S. Companies $12,774,822 9.0
Market Share (%)
Group/Company 2000 1999 1998
Zurich/Farmers Group 6.1 6.5 5.9
Allianz of America 5.5 5.6 5.0
Ace INA Group 5.5 5.3 5.3
FM Global Group 4.6 4.3 4.6
American International Group 4.2 4.1 5.3
Travelers/Citigroup Co 4.1 3.8 4.2
State Farm Group 3.5 3.8 4.5
Centurion Insurance Group 3.3 3.4 2.5
St Paul Cos 2.8 3.2 2.8
Allstate Insurance Group 2.5 2.6 2.7
Nationwide Group 2.4 2.4 2.2
Hartford Insurance Group 2.4 2.1 2.1
Assurant Group 2.1 2.4 2.2
Acceptance Insurance Cos 2.0 2.1 2.0
Safeco Insurance Cos 1.9 2.1 2.0
Royal & SunAlliance 1.9 1.9 2.0
CNA Insurance Cos 1.8 2.2 1.6
Great American P&C Group 1.8 1.8 1.6
GE Capital Insurance Group 1.5 0.0 0.1
Farmers Alliance Cos 1.5 1.4 1.2
Bankers Insurance Group Inc 1.4 1.5 1.5
USAA Group 1.4 1.3 1.3
Symons International Group 1.4 1.3 1.1
Liberty Mutual Insurance Cos 1.3 1.5 1.4
Unitrin Inc 1.1 1.1 1.1
Total U.S. Companies 100.0 100.0 100.0
Adjusted Loss Ratio (*)
Group/Company 2000 1999
Zurich/Farmers Group 103.9 84.2
Allianz of America 72.0 83.8
Ace INA Group 82.2 81.5
FM Global Group 59.9 142.5
American International Group 50.9 97.4
Travelers/Citigroup Co 45.7 74.6
State Farm Group 20.7 28.7
Centurion Insurance Group 92.9 99.8
St Paul Cos 39.9 59.7
Allstate Insurance Group 33.9 47.1
Nationwide Group 47.6 55.6
Hartford Insurance Group 55.7 46.8
Assurant Group 30.3 31.4
Acceptance Insurance Cos 169.4 203.7
Safeco Insurance Cos 51.8 48.6
Royal & SunAlliance 67.1 59.1
CNA Insurance Cos 71.0 -42.6
Great American P&C Group 72.9 79.6
GE Capital Insurance Group 24.5 -35.2
Farmers Alliance Cos 81.6 76.3
Bankers Insurance Group Inc 30.8 36.2
USAA Group 36.0 46.1
Symons International Group 105.3 93.9
Liberty Mutual Insurance Cos 61.3 51.4
Unitrin Inc 48.4 47.3
Total U.S. Companies 63.3 71.9
% of
Adjusted Company
Loss Ratio
(*)
Group/Company 1998 Premiums
Zurich/Farmers Group 71.8 4.2
Allianz of America 86.3 14.8
Ace INA Group 54.7 25.2
FM Global Group 80.9 60.5
American International Group 98.4 4.1
Travelers/Citigroup Co 74.3 4.8
State Farm Group 32.4 1.3
Centurion Insurance Group 126.1 97.2
St Paul Cos 60.6 6.4
Allstate Insurance Group 65.7 1.6
Nationwide Group 50.3 3.1
Hartford Insurance Group 53.6 4.5
Assurant Group 49.1 13.2
Acceptance Insurance Cos 123.9 51.5
Safeco Insurance Cos 43.6 5.3
Royal & SunAlliance 52.0 5.7
CNA Insurance Cos 125.2 2.3
Great American P&C Group 59.8 6.9
GE Capital Insurance Group 29.6 8.5
Farmers Alliance Cos 82.8 64.5
Bankers Insurance Group Inc 53.1 61.5
USAA Group 56.7 3.1
Symons International Group 120.2 52.1
Liberty Mutual Insurance Cos 51.8 1.8
Unitrin Inc 45.4 15.1
Total U.S. Companies 69.7 4.1
(*)Adjusted loss ratio is direct losses incurred divided by the
difference by the difference between direct premiums earned and
dividends paid to policyholders.
Source: A.M. Best Statement and Competitive Analysis Report Products
Inland Marine, Top Writers by State--2000
Rank is based on direct premiums written.
($ Thousands)
Direct % of %
No. of Premiums U.S. Premium
State Rank Cos. Written Total Change
Ala. 18 393 $142,127 1.8 7.8
Alaska 45 216 22,087 0.3 23.8
Ariz. 27 397 106,013 1.3 9.4
Ark. 30 384 84,884 1.1 10.2
Calif. 1 432 1,104,560 13.9 -0.2
Colo. 26 382 112,946 1.4 9.1
Conn. 22 343 133,936 1.7 -2.6
Del. 43 306 23,440 0.3 23.2
D.C. 44 247 22,510 0.3 0.9
Fla. 4 449 455,513 5.8 2.3
Ga. 10 449 243,259 3.1 -1.5
Hawaii 48 201 18,968 0.2 -2.2
Idaho 39 334 32,358 0.4 -0.2
III. 5 505 353,236 4.5 0.3
Ind. 17 457 147,273 1.9 5.1
Iowa 32 396 77,240 1.0 5.7
Kan. 31 384 80,813 1.0 14.2
Ky. 19 394 140,542 1.8 11.6
La. 21 362 138,431 1.7 3.8
Maine 41 271 24,865 0.3 5.2
Md. 23 389 128,806 1.6 9.0
Mass. 13 351 160,990 2.0 5.0
Mich. 11 390 242,181 3.1 3.6
Minn. 20 403 140,159 1.8 3.2
Miss. 28 385 98,048 1.2 0.4
Mo. 15 426 155,959 2.0 -3.7
Mont. 46 308 21,432 0.3 6.2
Neb. 34 352 54,483 0.7 -0.5
Nev. 36 330 45,949 0.6 1.7
N.H. 40 283 30,067 0.4 -0.4
N.J. 8 353 262,541 3.3 -1.7
N.M. 38 322 35,195 0.4 3.6
N.Y. 3 433 538,835 6.8 -0.9
N.C. 12 403 215,515 2.7 2.3
N.D. 49 307 17,145 0.2 -0.2
Ohio 6 470 333,296 4.2 -10.0
Okla. 29 373 86,620 1.1 6.8
Ore. 33 366 74,489 0.9 -3.5
Pa. 7 464 263,985 3.3 3.6
R.I. 42 296 24,717 0.3 12.5
S.C. 25 379 123,090 1.6 -0.3
S.D. 47 323 19,344 0.2 5.1
Tenn. 14 445 158,117 2.0 10.9
Texas 2 496 566,639 7.2 8.0
Utah 35 349 51,997 0.7 16.3
Vt. 51 256 15,760 0.2 15.8
Va. 16 424 155,596 2.0 5.4
Wash. 9 380 253,398 3.2 103.5
W.Va. 37 312 36,979 0.5 -5.2
Wis. 24 426 126,733 1.6 9.4
Wyo. 50 278 15,970 0.2 16.0
U.S. Total 1,278 $7,919,037 100.0 4.0
% Market Share
Agency Direct
State ALR (1) DDCCE (2) Writer (3) Writer (4)
Ala. 73.8 0.8 70.7 29.3
Alaska 41.7 3.4 62.7 37.3
Ariz. 76.3 2.1 67.6 32.4
Ark. 64.3 0.8 50.5 49.5
Calif. 32.0 2.0 73.5 26.5
Colo. 50.3 3.9 67.2 32.8
Conn. 47.1 11.5 69.0 31.0
Del. -6.4 -6.7 74.0 26.0
D.C. 20.8 -0.7 77.8 22.2
Fla. 42.9 1.1 63.6 36.4
Ga. 49.6 1.0 70.0 30.0
Hawaii 21.8 0.8 79.9 20.1
Idaho 69.6 0.8 60.5 39.5
III. 36.5 1.6 74.1 25.9
Ind. 39.2 1.1 77.0 23.0
Iowa 55.0 1.2 75.2 24.8
Kan. 58.4 -2.7 72.8 27.2
Ky. 63.2 0.8 83.2 16.8
La. 44.2 1.0 64.1 35.9
Maine 50.0 0.8 68.2 31.8
Md. 46.3 1.2 71.2 28.8
Mass. 55.1 17.5 82.5 17.5
Mich. 46.1 0.3 72.9 27.1
Minn. 54.3 0.6 67.0 33.0
Miss. 32.1 0.7 67.8 32.2
Mo. 60.3 1.2 69.5 30.5
Mont. 42.9 1.2 74.8 25.2
Neb. 62.6 1.0 77.9 22.1
Nev. 47.5 1.0 58.6 41.4
N.H. 46.7 0.6 63.4 36.6
N.J. 33.4 1.8 75.5 24.5
N.M. 41.2 0.5 66.7 33.3
N.Y. 34.7 1.2 81.1 18.9
N.C. 46.3 0.1 64.2 35.8
N.D. 89.7 1.5 75.2 24.8
Ohio 49.0 1.1 75.7 24.3
Okla. 50.6 1.2 68.9 31.1
Ore. 37.5 1.2 68.7 31.3
Pa. 44.1 2.9 71.3 28.7
R.I. 53.2 0.8 73.1 26.9
S.C. 35.7 0.8 72.7 27.3
S.D. 56.0 0.6 75.7 24.3
Tenn. 41.3 1.1 70.8 29.2
Texas 64.8 3.3 68.3 31.7
Utah 70.3 1.0 65.9 34.1
Vt. 37.2 2.5 66.9 33.1
Va. 57.6 1.2 67.8 32.2
Wash. 34.5 1.4 81.5 18.5
W.Va. 34.8 1.0 68.9 31.1
Wis. 69.7 2.0 69.8 30.2
Wyo. 32.7 1.0 76.6 23.4
U.S. Total 45.7 1.9 71.9 28.1
% Market
State Leading Writer Share
Ala. CNA Insurance Cos 10.4
Alaska Zurich/Farmers Group 10.0
Ariz. Zurich/Farmers Group 9.9
Ark. Southern F B Group 22.3
Calif. American International Group 8.0
Colo. Zurich/Farmers Group 11.4
Conn. Assurant Group 17.6
Del. Travelers/Citigroup Co 21.5
D.C. Chubb Group of Ins Cos 11.5
Fla. State Farm Group 9.0
Ga. Assurant Group 10.8
Hawaii Allianz of America 21.6
Idaho Zurich/Farmers Group 8.0
III. Travelers/Citigroup Co 9.7
Ind. American International Group 13.5
Iowa Hartford Insurance Group 11.3
Kan. Zurich/Farmers Group 6.2
Ky. Lloyd's of London Group 32.4
La. American International Group 12.3
Maine Liberty Mutual Insurance Cos 9.0
Md. Travelers/Citigroup Co 9.6
Mass. Chubb Group of Ins Cos 10.8
Mich. Allmerica P&C Cos 10.9
Minn. State Farm Group 9.6
Miss. Assurant Group 22.9
Mo. American International Group 9.8
Mont. St Paul Cos 10.1
Neb. Hartford Insurance Group 9.5
Nev. Zurich/Farmers Group 14.2
N.H. Liberty Mutual Insurance Cos 11.6
N.J. Chubb Group of Ins Cos 9.3
N.M. Zurich/Farmers Group 10.1
N.Y. American International Group 16.1
N.C. Travelers/Citigroup Co 10.0
N.D. Old Republic General Group 7.7
Ohio American International Group 15.6
Okla. Zurich/Farmers Group 10.0
Ore. Zurich/Farmers Group 8.9
Pa. Travelers/Citigroup Co 11.2
R.I. Travelers/Citigroup Co 10.0
S.C. Assurant Group 20.4
S.D. Hartford Insurance Group 6.2
Tenn. Assurant Group 9.9
Texas Zurich/Farmers Group 10.9
Utah Chubb Group of Ins Cos 12.9
Vt. Liberty Mutual Insurance Cos 10.2
Va. Assurant Group 11.9
Wash. American International Group 44.1
W.Va. Assurant Group 12.1
Wis. CNA Insurance Cos 10.6
Wyo. American International Group 13.5
U.S. Total American International Group 9.3
% Market
State Second Leader Share
Ala. American International Group 9.8
Alaska Allstate Insurance Group 8.9
Ariz. Travelers/Citigroup Co 9.7
Ark. American International Group 9.5
Calif. Allianz of America 7.5
Colo. St Paul Cos 8.8
Conn. Swiss Reinsurance Group 11.7
Del. American International Group 11.0
D.C. Travelers/Citigroup Co 10.2
Fla. Zurich/Farmers Group 6.6
Ga. Zurich/Farmers Group 7.6
Hawaii Travelers/Citigroup Co 10.4
Idaho Farm Bureau of Idaho Group 7.9
III. American International Group 8.7
Ind. Travelers/Citigroup Co 7.2
Iowa State Farm Group 6.7
Kan. State Farm Group 5.7
Ky. American International Group 7.8
La. State Farm Group 9.7
Maine CGU Group 8.9
Md. Ace INA Group 8.1
Mass. Ace INA Group 9.2
Mich. Auto-Owners Group 8.0
Minn. Zurich/Farmers Group 7.4
Miss. Zurich/Farmers Group 6.7
Mo. State Farm Group 8.3
Mont. Safeco Insurance Cos 8.3
Neb. State Farm Group 6.1
Nev. FM Global Group 7.0
N.H. Nichido Fire & Marine USB 6.7
N.J. Zurich/Farmers Group 8.9
N.M. American International Group 8.6
N.Y. Chubb Group of Ins Cos 13.0
N.C. Assurant Group 7.3
N.D. EMC Insurance Cos 6.8
Ohio Travelers/Citigroup Co 9.8
Okla. Assurant Group 6.4
Ore. State Farm Group 7.3
Pa. American International Group 8.1
R.I. American International Group 9.6
S.C. Travelers/Citigroup Co 14.6
S.D. Old Republic General Group 5.9
Tenn. Travelers/Citigroup Co 7.9
Texas American International Group 8.1
Utah Zurich/Farmers Group 9.5
Vt. XL American Group 8.7
Va. Travelers/Citigroup Co 8.8
Wash. Safeco Insurance Cos 5.8
W.Va. Nationwide Group 11.1
Wis. Zurich/Farmers Group 10.1
Wyo. St Paul Cos 12.2
U.S. Total Travelers/Citigroup Co 6.8
(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 and competitive Analysis Report Products.
Ocean Marine, Top Writers by State--2000
Rank is based on direct premiums written. ($ Thousands)
Direct % of
No. of Premiums U.S. % Premium
State Rank Cos Written Total Change
Ala. 25 134 $15,466 0.9 -12.6
Alaska 29 81 12,446 0.7 18.2
Ariz. 33 109 7,096 0.4 -3.8
Ark. 35 119 5,734 0.3 21.4
Calif. 2 169 171,081 9.9 5.4
Colo. 39 119 3,513 0.2 -27.9
Conn. 13 118 34,215 2.0 8.9
Del. 40 105 2,795 0.2 2.4
D.C. 46 80 1,606 0.1 22.0
Fla. 3 160 166,244 9.7 5.5
Ga. 19 145 20,359 1.2 -13.7
Hawaii 32 78 7,915 0.5 3.6
Idaho 45 95 1,680 0.1 74.8
III. 9 152 54,187 3.1 3.9
Intl. 31 124 11,033 0.6 -22.6
Iowa 36 98 4,936 0.3 -1.0
Kan. 41 102 2,070 0.1 -29.4
Ky. 28 123 12,662 0.7 29.0
La. 5 160 90,124 5.2 -13.3
Maine 20 97 18,070 1.1 2.8
Md. 10 135 38,691 2.2 10.2
Mass. 8 139 63,779 3.7 5.5
Mich. 12 130 35,464 2.1 2.2
Minn. 26 118 15,120 0.9 -1.8
Miss. 30 123 12,401 0.7 -8.4
Mo. 17 133 23,092 1.3 -29.5
Mont. 47 78 543 0.0 -7.0
Neb. 37 81 4,632 0.3 30.4
Nev. 38 88 4,483 0.3 42.9
N.H. 27 95 13,995 0.8 70.6
N.J. 7 139 65,377 3.8 -28.5
N.M. 48 83 537 0.0 -48.1
N.Y. 1 191 360,618 21.0 1.4
N.C. 18 134 21,703 1.3 -2.6
N.D. 50 75 295 0.0 45.2
Ohio 16 140 28,675 1.7 -1.7
Okla. 34 113 6,410 0.4 -6.8
Ore. 21 126 17,688 1.0 0.1
Pa. 11 152 38,171 2.2 -6.0
R.I. 23 107 15,886 0.9 11.1
S.C. 22 125 16,669 1.0 2.3
S.D. 49 75 355 0.0 -3.4
Tenn. 14 129 29,822 1.7 -14.1
Texas 4 188 136,910 8.0 0.3
Utah 42 94 2,016 0.1 -22.8
Vt. 43 83 1,904 0.1 8.3
Va. 15 136 29,526 1.7 2.5
Wash. 6 159 75,094 4.4 -6.7
W.Va. 44 82 1,759 0.1 -3.4
Wis. 24 128 15,886 0.9 36.8
Wyo. 51 70 147 0.0 -35.4
U.S. Total 353 $1,720,879 100.0 -1.1
% MarketShare
Agency Direct
State ALR (1) DDCCE (2) Writer (3) Writer (4)
Ala. 53.6 4.0 80.3 19.7
Alaska 98.4 6.3 88.9 11.1
Ariz. 24.0 1.9 87.5 12.5
Ark. 41.6 3.9 77.2 22.8
Calif. 77.6 3.8 94.2 5.8
Colo. 61.2 8.9 115.3 -15.3
Conn. 62.9 4.8 86.8 13.2
Del. 48.0 0.9 93.5 6.5
D.C. 111.2 1.6 79.4 20.6
Fla. 61.1 6.0 89.9 10.1
Ga. 85.1 1.6 99.2 0.8
Hawaii 41.7 2.6 81.6 18.4
Idaho 6.2 4.1 88.8 11.2
III. 38.2 5.8 86.9 13.1
Intl. 52.0 7.5 70.2 29.8
Iowa 57.2 3.7 61.7 38.3
Kan. 33.0 5.1 104.6 -4.6
Ky. 26.3 4.4 91.6 8.4
La. 71.4 12.1 75.4 24.6
Maine 51.4 5.3 90.2 9.8
Md. 70.1 3.2 93.2 6.8
Mass. 51.4 3.8 92.7 7.3
Mich. 76.6 2.8 92.1 7.9
Minn. 61.3 4.9 89.6 10.4
Miss. 62.3 4.6 80.5 19.5
Mo. 97.1 1.0 90.7 9.3
Mont. 51.5 1.0 88.8 11.2
Neb. 59.8 -0.4 34.8 65.2
Nev. 44.4 3.3 96.7 3.3
N.H. 23.2 3.7 94.4 5.6
N.J. 76.7 5.2 87.1 12.9
N.M. 50.8 6.0 120.8 -20.8
N.Y. 70.5 4.6 91.9 8.1
N.C. 41.4 2.3 89.5 10.5
N.D. -99.9 12.1 88.6 11.4
Ohio 56.3 1.2 90.5 9.5
Okla. 30.2 -9.4 96.3 3.7
Ore. 124.4 3.2 83.2 16.8
Pa. 51.0 1.6 89.2 10.8
R.I. 69.9 2.9 66.1 33.9
S.C. 46.6 4.0 88.7 11.3
S.D. 23.1 -2.8 88.8 11.2
Tenn. 36.4 1.6 96.7 3.3
Texas 76.7 5.4 71.6 28.4
Utah 47.4 2.8 93.2 6.8
Vt. 74.8 5.6 91.0 9.0
Va. 73.6 2.9 93.3 6.7
Wash. 72.0 5.2 81.6 18.4
W.Va. 62.1 9.1 95.8 4.2
Wis. 41.4 2.6 90.6 9.4
Wyo. 58.0 -0.7 98.8 1.2
U.S. Total 65.9 4.7 87.7 12.3
% Market
State Leading Writer Share
Ala. CNA Insurance Cos 19.8
Alaska Royal & SunAlliance 19.7
Ariz. CNA Insurance Cos 19.9
Ark. GE Capital Ins Group 18.6
Calif. Allianz of America 12.6
Colo. Royal & SunAlliance 29.6
Conn. CNA Insurance Cos 20.3
Del. CNA Insurance Cos 27.3
D.C. CNA Insurance Cos 25.5
Fla. CNA Insurance Cos 16.8
Ga. CNA Insurance Cos 20.9
Hawaii CNA Insurance Cos 23.6
Idaho Ace INA Group 33.7
III. CNA Insurance Cos 12.1
Intl. Zurich/Farmers Group 23.1
Iowa Zurich/Farmers Group 25.2
Kan. CNA Insurance Cos 22.1
Ky. CGU Group 18.2
La. CNA Insurance Cos 22.3
Maine W R Berkley Group 21.5
Md. Seaworthy Insurance Co 31.0
Mass. American International Group 20.0
Mich. CNA Insurance Cos 19.4
Minn. CNA Insurance Cos 15.9
Miss. American International Group 19.0
Mo. CNA Insurance Cos 21.5
Mont. USAA Group 14.7
Neb. Swiss Reinsurance Group 62.8
Nev. CNA Insurance Cos 44.5
N.H. CNA Insurance Cos 45.3
N.J. CNA Insurance Cos 15.4
N.M. CNA Insurance Cos 27.1
N.Y. American International Group 16.6
N.C. CNA Insurance Cos 12.0
N.D. CGU Group 17.1
Ohio Ace INA Group 20.9
Okla. XL America Group 22.7
Ore. American International Group 14.1
Pa. CNA Insurance Cos 18.7
R.I. Liberty Mutual Ins Cos 23.6
S.C. CNA Insurance Cos 16.9
S.D. Winterthur Swiss Group 27.4
Tenn. American International Group 51.9
Texas American International Group 18.2
Utah Ace INA Group 13.6
Vt. CGU Group 24.4
Va. CNA Insurance Cos 22.7
Wash. St Paul Cos 10.4
W.Va. CNA Insurance Cos 43.9
Wis. Kemper Insurance Cos 24.6
Wyo. CGU Group 27.8
U.S. Total CNA Insurance Cos 14.6
% Market
State Second Later Share
Ala. St Paul Cos 9.4
Alaska Ace INA Group 16.3
Ariz. American International Group 11.9
Ark. CGU Group 12.2
Calif. American International Group 12.4
Colo. CNA Insurance Cos 16.6
Conn. American International Group 13.2
Del. CGU Group 12.8
D.C. Swiss Reinsurance Group 11.1
Fla. Ace INA Group 14.0
Ga. St Paul Cos 9.5
Hawaii Sentry Insurance Group 12.4
Idaho New York Marine Group 25.7
III. Allianz of America 11.0
Intl. CNA Insurance Cos 17.4
Iowa CNA Insurance Cos 13.7
Kan. Ace INA Group 20.0
Ky. CNA Insurance Cos 17.1
La. XL America Group 10.6
Maine CGU Group 17.7
Md. CNA Insurance Cos 18.5
Mass. CGU Group 17.4
Mich. St Paul Cos 18.8
Minn. St Paul Cos 15.1
Miss. CNA Insurance Cos 13.0
Mo. American International Group 18.5
Mont. Hartford Ins Group 13.6
Neb. CNA Insurance Cos 13.0
Nev. Ace INA Group 11.7
N.H. Royal & SunAlliance 10.0
N.J. CGU Group 7.7
N.M. USAA Group 20.4
N.Y. CNA Insurance Cos 15.3
N.C. Ace INA Group 10.5
N.D. Allianz of America 12.2
Ohio CNA Insurance Cos 19.7
Okla. HCC Ins Holdings Group 18.4
Ore. Liberty Mutual Ins Cos 12.3
Pa. St Paul Cos 9.4
R.I. Travelers/Citigroup Co 8.5
S.C. Royal & SunAlliance 12.5
S.D. St Paul Cos 13.5
Tenn. CNA Insurance Cos 15.8
Texas State Farm Group 13.6
Utah Markel Corp Group 12.6
Vt. Ace INA Group 14.9
Va. Vanliner Insurance Co 11.2
Wash. CGU Group 10.2
W.Va. New York Marine Group 10.7
Wis. CNA Insurance Cos 12.8
Wyo. Hartford Insurance Group 23.0
U.S. Total American International 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 and Competitive Analysis Report Products.
Fire & Allied, Top Writers by State--2000
Rank is based on direct premiums written.
($ Thousands)
Direct % of %
No. of Premiums U.S. Premium
State Rank Cos. Written Total Change
Ala. 25 376 $184,089 1.4 5.6
Alaska 44 209 35,960 0.3 28.7
Ariz. 36 376 104,606 0.8 21.8
Ark. 28 371 168,744 1.3 3.0
Calif. 1 451 1,618,891 12.7 3.0
Colo. 27 367 169,234 1.3 25.9
Conn. 35 325 108,019 0.8 8.3
Del. 47 286 27,663 0.2 15.4
D.C. 49 234 19,656 0.2 10.9
Fla. 3 449 1,213,627 9.5 16.0
Ga. 13 433 313,066 2.5 9.2
Hawaii 37 186 80,603 0.6 23.9
Idaho 38 304 63,081 0.5 15.4
III. 5 507 500,583 3.9 5.1
Ind. 16 445 257,087 2.0 16.7
Iowa 8 366 332,234 2.6 15.7
Kan. 22 379 219,310 1.7 3.8
Ky. 31 391 145,159 1.1 6.3
La. 12 368 322,721 2.5 6.9
Maine 45 241 35,918 0.3 17.5
Md. 34 374 115,506 0.9 17.1
Mass. 26 350 183,686 1.4 25.8
Mich. 15 395 260,024 2.0 25.3
Minn. 6 355 356,673 2.8 7.5
Miss. 23 361 199,286 1.6 7.0
Mo. 14 432 268,756 2.1 13.9
Mont. 39 295 55,044 0.4 -7.3
Neb. 18 325 237,870 1.9 3.2
Nev. 41 308 49,870 0.4 13.8
N.H. 48 258 24,486 0.2 14.3
N.J. 10 350 325,121 2.5 5.8
N.M. 43 310 47,044 0.4 17.4
N.Y. 4 452 520,266 4.1 9.7
N.C. 7 376 354,647 2.8 10.3
N.D. 20 261 225,290 1.8 -7.3
Ohio 11 461 323,813 2.5 13.4
Okla. 29 367 155,827 1.2 5.3
Ore. 33 359 140,164 1.1 21.9
Pa. 9 480 327,667 2.6 12.4
R.I. 46 275 32,492 0.3 2.4
S.C. 19 366 231,446 1.8 12.6
S.D. 32 286 143,673 1.1 12.9
Tenn. 21 436 224,745 1.8 2.5
Texas 2 489 1,325,923 10.4 4.3
Utah 42 326 49,164 0.4 11.2
Vt. 50 252 17,396 0.1 12.1
Va. 24 394 185,057 1.4 9.2
Wash. 17 363 253,473 2.0 9.1
W.Va. 40 296 53,122 0.4 9.8
Wis. 30 398 152,430 1.2 12.6
Wyo. 51 255 14,612 0.1 -7.7
U.S. Total 1,366 $12,774,822 100.00 9.0
Market Share
Agency Direct
State ALR (1) DDCCE (2) Writer (3) Writer (4)
Ala. 114.1 2.1 59.9 40.1
Alaska 39.3 0.8 42.3 57.7
Ariz. 101.4 2.4 58.4 41.6
Ark. 97.7 0.3 55.9 44.1
Calif. 49.4 5.2 63.5 36.5
Colo. 93.8 1.3 72.8 27.2
Conn. 57.1 1.9 55.4 44.6
Del. 151.3 13.6 62.4 37.6
D.C. 47.3 1.3 65.3 34.7
Fla. 31.9 1.2 57.5 42.5
Ga. 77.5 5.9 66.5 33.5
Hawaii 18.3 0.7 68.9 31.1
Idaho 82.8 1.9 66.8 33.2
III. 56.5 1.0 66.0 34.0
Ind. 38.4 0.8 59.1 40.9
Iowa 59.7 0.4 77.3 22.7
Kan. 97.4 0.8 62.3 37.7
Ky. 77.1 0.9 56.9 43.1
La. 59.9 0.6 57.8 42.2
Maine 6.0 -0.6 56.1 43.9
Md. 58.1 0.7 63.9 36.1
Mass. 40.8 4.4 67.3 32.7
Mich. 64.5 -1.6 61.7 38.3
Minn. 61.7 0.3 71.0 29.0
Miss. 48.8 0.2 66.0 34.0
Mo. 54.7 0.6 63.4 36.6
Mont. 137.7 0.2 76.3 23.7
Neb. 98.1 0.1 79.2 20.8
Nev. 28.4 0.9 58.1 41.9
N.H. 37.0 0.4 60.6 39.4
N.J. 42.9 2.1 65.8 34.2
N.M. 97.3 1.6 60.4 39.6
N.Y. 46.7 2.0 72.6 27.4
N.C. 70.9 1.2 57.1 42.9
N.D. 120.2 0.6 78.5 21.5
Ohio 55.0 1.2 62.6 37.4
Okla. 68.0 -2.6 61.5 38.5
Ore. 44.2 1.2 59.0 41.0
Pa. 67.8 2.0 68.0 32.0
R.I. 49.3 1.2 65.0 35.0
S.C. 45.8 0.9 55.9 44.1
S.D. 72.5 0.1 76.7 23.3
Tenn. 49.9 0.5 55.7 44.3
Texas 93.8 2.2 57.1 42.9
Utah 88.2 4.1 50.7 49.3
Vt. -10.6 -1.2 64.4 35.6
Va. 111.0 2.3 64.6 45.4
Wash. 38.5 1.5 57.5 42.5
W.Va. 63.4 1.8 61.7 38.3
Wis. 74.5 1.0 58.1 41.9
Wyo. 44.0 0.2 61.5 38.5
U.S. Total 63.3 1.8 62.9 37.1
% Market
State Leading Writer Share
Ala. Ace INA Group 8.2
Alaska Zurich/Farmers Group 20.7
Ariz. Zurich/Farmers Group 13.9
Ark. Southern F B Group 19.0
Calif. Zurich/Farmers Group 10.8
Colo. American International Group 27.6
Conn. GE Capital Insurance Group 7.8
Del. Selective Innsurance Group Inc 11.5
D.C. FM Global Group 16.8
Fla. Bankers Insurance Group Inc 8.9
Ga. Ace INA Group 10.0
Hawaii Ace INA Group 21.2
Idaho Acceptance Ins Cos 13.7
III. Country Ins & Financial Services 9.5
Ind. Centurion Insurance Group 12.1
Iowa Ace INA Group 11.6
Kan. Kansas Farm Bureau Group 12.6
Ky. Centurion Insurance Group 8.1
La. State Farm Group 11.1
Maine Zurich/Farmers Group 9.6
Md. FM Global Group 9.0
Mass. FM Global Group 10.9
Mich. Zurich/Farmers Group 13.3
Minn. Centurion Insurance Group 16.4
Miss. Southern F B Group 10.9
Mo. Ace INA Group 9.6
Mont. Ace INA Group 19.7
Neb. Farmers Alliance Cos 15.6
Nev. FM Global Group 14.6
N.H. FM Global Group 11.2
N.J. Zurich/Famers Group 11.6
N.M. Zurich/Famers Group 12.3
N.Y. American International Group 10.7
N.C. Ave INA Group 11.3
N.D. Allianz of America 17.6
Ohio FM Global Group 9.2
Okla. Centurion Insurance Group 11.9
Ore. State Farm Group 8.6
Pa. FM Global Group 9.6
R.I. Ameriacan International Group 9.3
S.C. Ace INA Group 7.9
S.D. Farmers Alliance Cos 16.4
Tenn. Tennessee Farmers Cos 14.7
Texas Zurich/Farmers Group 7.9
Utah Zurich/Farmers Group 10.0
Vt. Allianz of America 12.9
Va. Travelers/Citigroup Co 8.5
Wash. Safeco Insurance Cos 10.9
W.Va. Nationwide Group 6.3
Wis. Centurion Insurance Group 9.4
Wyo. Zurich/Farmers Group 13.6
U.S. Total Zurich/Farmers Group 6.1
% Market
State Second Leader Share
Ala. Allianz of America 6.1
Alaska State Farm Group 9.3
Ariz. Travelers/Citigroup Co 7.2
Ark. Allianz of America 9.0
Calif. Allianz of America 6.1
Colo. Zurich/Farmers Group 8.3
Conn. FM Global Group 7.6
Del. Zurich/Farmers Group 7.7
D.C. American International Group 10.8
Fla. State Farm Group 7.3
Ga. Allianz of America 6.3
Hawaii CNA Insurance Cos 11.6
Idaho Ace INA Group 12.0
III. Zurich/Farmers Group 5.3
Ind. FM Global Group 6.5
Iowa FMH Insurance Group 7.6
Kan. Ace INA Group 10.3
Ky. FM Global Group 7.3
La. Allstate Insurance Group 9.0
Maine GE Captial Insurance Group 9.2
Md. Travelers/Citigroup Co 7.4
Mass. Travelers/Citigroup Co 7.7
Mich. Auto-Owners Group 10.3
Minn. Allianz of America 8.3
Miss. American International Group 10.5
Mo. FM Global Group 5.7
Mont. Centurion Insurance Group 10.1
Neb. ACE INA Group 14.6
Nev. American International Group 11.2
N.H. Andover Cos 6.9
N.J. Selective Insurance Group Inc 9.2
N.M. American International Group 9.8
N.Y. Travelers/Citigroup Co 9.5
N.C. North Carolina F B Group 10.3
N.D. CGU Group 13.0
Ohio Centurion Insurance Group 6.6
Okla. National American Ins Co (OK) 10.0
Ore. Ace INA Group 7.4
Pa. Travelers/Citigroup Co 6.4
R.I. Travelers/Citigroup Co 8.6
S.C. Royal & SunAlliance 6.1
S.D. Centurion Insurance Group 15.4
Tenn. Travelers/Citigroup Co 5.4
Texas Allianz of America 7.4
Utah FM Global Group 9.5
Vt. Co-Operative Insurance Cos 8.9
Va. FM Global Group 7.9
Wash. FM Global Group 8.3
W.Va. Farm Family Insurance Cos 6.1
Wis. FM Global Group 8.8
Wyo. CGU Group 8.6
U.S. Total Allianz of America 5.5
(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 and Competitive Analysis Report Products.
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