AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

State Farm Is Leading Homeowners Underwriter.(Brief Article)

Mortgage Servicing News

| November 01, 2005 | COPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New York -- State Farm Mutual Group has the largest market share among underwriters of homeowners insurance coverage, according to the Insurance Information Institute.

The institute, relying on data from the NAIC annual statement database and Highline Media, said State Farm reported $12.1 billion in direct premiums underwritten for homeowners coverage in 2004, representing a 22.7% market share.

The next biggest underwriter, Allstate Insurance Co., underwrote premiums totaling just over $6 billion for an 11.2% share. Farmers Insurance Group ($3.7 billion, or 7%), Nationwide Group, ($2.5 billion, or 4.7%) and St. Paul Travelers ($2.3 billion, or 4.3%) rounded out the top five.

The Insurance Information Institute said that claims account for 73% of the insurance industry's ...

Related articles from newspapers, magazines, journals, and more
MUTUAL OF NEW YORK, STATE FARM AND ZURICH INSURANCE GROUP'S RATINGS RELEASED BY...
Press release article from: PR Newswire June 13, 1994 700+ words
...Company of New York (MONY), State Farm Group (property/casualty) and members of the Zurich Insurance Group -- U.S. The following...Property/Casualty: Selective Insurance Group, Branchville, N.J...deleverage its balance sheet. State Farm Group, Bloomington, Ill...
Statement from Northern Capital Insurance Group: Northern Capital Insurance...
Press release article from: Business Wire February 20, 2009 700+ words
...insure 50,000 State Farm customers as...Northern Capital Insurance Group was the first...market following State Farm's announcement...Northern Capital Insurance Group currently provides...homeowners. State Farm's own timetable...
S&P Afrms State Farm Group Members Rtgs; Otlk Stable.
Press release article from: Business Wire June 18, 2003 700+ words
...counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. (SFMA) and five other interactively rated members of the State Farm Insurance Group (State Farm). Standard & Poor's also affirmed its...
S&P Announces: State Farm Mutual Automobile Insurance Co. and Units Ratings...
Press release article from: Business Wire August 31, 2004 700+ words
...the six interactively rated companies of the State Farm Insurance Group (State Farm; see ratings list). Standard & Poor...and financial strength ratings on affiliate State Farm Lloyds (SF Lloyd's). The outlook is stable...
Moody's cut State Farm ratings. (Financial Briefs).(Brief Article)
Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management Ha, Michael August 4, 2003 700+ words
...for three members of the State Farm insurance group: State Farm Mutual Automobile Insurance...of operating losses at the insurance group." Moody's added that...action, Moody's noted State Farm group's "weak operating...
Texas to Allow State Farm Insurance to Offer Low-Cost Policies.
Newspaper article from: Knight Ridder/Tribune Business News March 10, 2002 700+ words
...Tribune Business News Mar. 10--State Farm Insurance Group has been given the green light...hearing last year, officials with State Farm said mold claims had increased fivefold during the past year. State Farm is the first company to be granted...
State Farm Seeks Consent in Texas to Sell Narrower Insurance Policy.
Newspaper article from: Knight Ridder/Tribune Business News February 5, 2002 700+ words
...Feb. 5--AUSTIN, Texas--State Farm Insurance Group pleaded its case to state regulators...said Denise Ruggiero of State Farm. "The (policies) we are...control than ever before." The State Farm policy, which is offered in...
California DOI's State Farm Decision Validates RMS Earthquake Model.
Press release article from: Business Wire March 26, 1996 700+ words
...preliminary ruling granting State Farm Insurance Group the full extent of its requested...performed loss cost analyses for State Farm using its proprietary earthquake...addressed an application by Farmers Insurance Group in 1995 to change its personal...
For more facts and information, see all results

Source: HighBeam Research, State Farm Is Leading Homeowners Underwriter.(Brief Article)

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA