Top 10 P/C Companies by 2003 Premium
Volume for
Selected Lines
The Top 10 P/C insurance companies for selected personal and commercial
lines are provided for both Ohio and the US, based on their 2003
direct premiums written. The information also provides insurer
market share based on 2003 premium volume. Also provided is the
total premium
volume for each product line. Direct premiums written and market
shares have been rounded.
Data source is noted by chart.
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
Source: National Association of Insurance Commissioners (NAIC)
Source: National Association of Insurance Commissioners (NAIC)
 |
In 2004 there were 1,367 domestic life/health
insurance companies, 2,749 domestic property/casualty insurers,
585 domestic
health insurers and 126 fraternal domestics in the US.
(National Association of Insurance Commissioners)
|
Source: National Association of Insurance Commissioners (NAIC)
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
Source: NAIC Annual Statement Database, via National Underwriter
Insurance Data Services/Highline Data, reprinted from III Fact Book
2005
|
According to A.M. Best data for 2003, only two
states Pennsylvania and Illinois, have more homeowners insurance
providers than Ohio. In 2003, there were 296 companies licensed
to write homeowners insurance in the Buckeye state. Ohio’s
total homeowners premium volume ranks eighth in the nation.
|
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
Source: A.M. Best Company
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
|
Cities with the highest percentage of households
with a life insurance policy:
• Pittsburgh 47%
• Tampa 47%
• Greensboro 46%
(State Farm Fiscally
Fit report 2004 from USA Today,
1/5/05)
|
Source: NAIC Annual Statement Database, via National Underwriter
Insurance Data Services/Highline Data, reprinted from III Fact
Book 2005
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
Source: NAIC Annual Statement Database, via National Underwriter
Insurance Data Services/Highline Data, reprinted from III Fact Book
2005
|
Metro areas with the highest percentage of population
working from home:
• Santa Fe NM 6.9%
•
Medford-Ashland OR 5.6%
• San Luis Obispo-Atacadero-Paso Robles CA 5.6%
• St. Cloud MN 5.5%
•
Grand Junction CO 5.3%
(US Census Bureau from USA Today, 4/12/04) |
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
Source: A.M. Best Company
Source: National Association of Insurance Commissioners (NAIC)
|
According to A.M. Best data for 2003 no other
state has more private passenger auto insurance providers than
Ohio. In 2003, there were 416 companies licensed to write personal
lines auto insurance in the Buckeye state, with Ohio’s
total auto premium volume ranking ninth in the nation. |
Source: National Association of Insurance Commissioners (NAIC)
Source: National Association of Insurance Commissioners (NAIC)
Source: National Association of Insurance Commissioners (NAIC)
|
Ohio ranks seventh in the US based on total
direct premiums written for all P/C lines in 2003. California
accounted for the largest amount of direct premiums written
followed by TX, NY, FL, IL and PA. Ohio’s direct premiums
written for all P/C lines for 2003 was $16.4 billion, about
3.8% of US P/C total direct premiums written. |
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
Source: A.M. Best Company
Source: Ohio Department of Insurance Office of P/C Services based
on the NAIC database as of 5/6/04
Source: A.M. Best Company
|
Median jury awards for medical malpractice
doubled between 1995–2000, increasing from $500,000
to $1 million. Median out-of-court settlements were also up
significantly, rising 40% from $350,000 to $500,000 during
that period.
(Washington Post, 11/14/04)
|
|
