Largest Writers of Flood Insurance in Texas
Columbus, Ohio, September 5, 2017: As Texans respond to the havoc and destruction caused directly or indirectly by Hurricane Harvey, the benefits available from flood insurance will be an important component of reparations. Demotech has determined that based upon public information filed with the National Association of Insurance Commissioners, i.e., direct written premium reported at year-end 2016, 000 omitted, the thirty largest writers of flood insurance in the State of Texas were:
|
Wright National Flood Ins Co. |
80,166 |
|
Texas Farmers Insurance Co. |
41,969 |
|
American Bankers Ins Co. of FL |
40,720 |
|
Allstate Insurance Co. |
35,727 |
|
USAA General Indemnity Co. |
20,650 |
|
Hartford Ins Co. of the MW |
13,742 |
|
ASI Lloyds |
12,847 |
|
Nationwide Mutual Insurance Co |
6,112 |
|
Liberty Mutual Fire Ins Co. |
5,314 |
|
Selective Ins Co. of the SE |
5,154 |
|
Integon National Insurance Co. |
4,564 |
|
Nationwide Mutual Fire Ins Co |
4,459 |
|
National Lloyds Insurance Co. |
4,104 |
|
Philadelphia Indemnity Ins Co. |
3,790 |
|
American National P&C Co. |
2,710 |
|
Homesite Lloyd’s of Texas |
2,461 |
|
Foremost Ins Co. Grand Rapids |
1,935 |
|
Universal North America Ins Co |
1,303 |
|
Hartford Underwriters Ins Co. |
1,202 |
|
Metropolitan P&C Insurance Co. |
936 |
|
Bankers Insurance Co. |
933 |
|
Privilege Underwriters Reciprocal |
681 |
|
United P&C Insurance Co. |
601 |
|
QBE Insurance Corp. |
485 |
|
New Hampshire Insurance Co. |
429 |
|
Westfield Insurance Co. |
419 |
|
Service Insurance Co (FL) |
371 |
|
Centauri Specialty Ins Co. |
319 |
|
Occidental F&C Co. of NC |
182 |
|
Century-National Insurance Co. |
148 |
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About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in determining the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by providing accurate and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of the financial stability of an insurance company and provides an objective baseline into the future solvency of a company. It is Demotech’s philosophy is to view an insurer as a functional entity, based on sound business practices and expertise rather than financial size. Demotech’s philosophy was the catalyst underlying the Demotech Company Classification System utilized to identify carriers by the business strategy underlying the implementation of their operations rather than categorizing carriers based upon size. Visit www.demotech.com for more information.