The Demotech Company Classification System Reveals State Specialist Property/Casualty Insurers

By Douglas A. Powell | November 7, 2011
Company Name State of Speciality 2010 TOTAL DPW
Texas Mutual Insurance Co. TX 596,191
Old American County Mutual Fire Insurance Co. TX 575,100
SAIF Corporation OR 327,373
St. Johns Insurance Co. Inc. FL 257,106
Brickstreet Mutual Insurance Co. WV 239,951
Farm Bureau Mutual Insurance Co. of Arkansas Inc. AR 218,667
American Coastal Insurance Co. FL 203,696
Nuclear Electric Insurance Limited DE 193,280
Florida Peninsula Insurance Co. FL 179,272
Hospitals Insurance Co. Inc. NY 174,889
Royal Palm Insurance Co. FL 165,538
Pioneer State Mutual Insurance Co. MI 164,492
Indiana Farmers Mutual Insurance Co. IN 159,974
United Property & Casualty Insurance Co. FL 157,870
Louisiana Workers’ Compensation Corp. LA 152,321
Adirondack Insurance Exchange NY 150,216
Security First Insurance Co. FL 146,207
Louisiana Farm Bureau Mutual Insurance Co. LA 141,938
Rural Mutual Insurance Co. WI 141,190
Mutual Insurance Co. of Arizona AZ 141,092
American Transit Insurance Co. NY 124,220
Homeowners Choice Property and Casualty Insurance Co. Inc. FL 116,063
American Steamship Owners Mutual Protection & Indemnity Association Inc. NY 115,337
Country-Wide Insurance Co. NY 112,251
Missouri Employers Mutual Insurance Co. MO 109,670
Kentucky Employers’ Mutual Insurance Authority KY 106,206
American Integrity Insurance Co. of Florida FL 105,056
Copic Insurance Co. CO 102,682
Alliance United Insurance Co. CA 97,277
First Protective Insurance Co. FL 96,205
Olympus Insurance Co. FL 89,748
Bear River Mutual Insurance Co. UT 88,212
Southern Oak Insurance Co. FL 80,655
New York Schools Insurance Reciprocal NY 79,331
Fremont Insurance Co. MI 75,319
Luba Casualty Insurance Co. LA 74,010
Gulfstream Property and Casualty Insurance Co. FL 72,777
Underwriters At Lloyd’s, London KY 67,002
Wisconsin Mutual Insurance Co. WI 64,434
Underwriters At Lloyd’s, London IL 63,977
MDAdvantage Insurance Co. of New Jersey NJ 62,879
Colorado Farm Bureau Mutual Insurance Co. CO 53,435
Louisiana Medical Mutual Insurance Co. LA 53,231
Erie and Niagara Insurance Association NY 52,362
Academic Health Professionals Insurance Association-a Reciprocal Insurer NY 52,223
Interboro Insurance Co. NY 50,168
Sterling Insurance Co. NY 47,466
Agrinational Insurance Co. VT 47,348
Homeowners of America Insurance Co. TX 45,726
Lawyers’ Mutual Insurance Co. CA 43,945
Fiduciary Insurance Co. of America Inc. NY 43,549
Ark Royal Insurance Co. FL 43,142
IFA Insurance Co. NJ 43,020
Dryden Mutual Insurance Co. NY 42,458
New York Municipal Insurance Reciprocal NY 41,121
School Boards Insurance Co. of Pennsylvania Inc. PA 41,059
Wellington Insurance Co. TX 40,558
Farmers Union Mutual Insurance ND 40,499
Citizens United Reciprocal Exchange NJ 40,154
Alabama Municipal Insurance Corp. AL 38,459
Tri-State Consumer Insurance Co. NY 37,912
Peoples Trust Insurance Co. FL 37,892
Florida Doctors Insurance Co. FL 37,591
Missouri Professionals Mutual MO 37,369
Security Mutual Insurance Co. NY 37,299
West Virginia Mutual Insurance Co. WV 35,550
Germantown Mutual Insurance Co. WI 35,099
Farmers Mutual Fire Insurance Co. of Salem County NJ 34,301
Hamilton Insurance Co. TN 33,425
Madison Mutual Insurance Co. IL 33,392
Kingstone Insurance Co. NY 33,249
Crusader Insurance Co. CA 32,698
Unique Insurance Co. IL 32,388
Kansas Medical Mutual Insurance Co. KS 32,011
Hawaii Employers’ Mutual Insurance Co. Inc. HI 31,673
Global Liberty Insurance Co. of New York NY 31,334
Ram Mutual Insurance Co. MN 30,383
Edison Insurance Co. FL 30,275
Farmers Insurance Co. of Flemington NJ 28,409
German Mutual Insurance Co. OH 27,820
Discovery Insurance Co. NC 27,791
First Home Insurance Co. FL 26,595
Prepared Insurance Co. FL 25,881
Care West Insurance Co. CA 25,045
Windhaven Insurance Co. FL 23,770
Texas Lawyers’ Insurance Exchange TX 23,423
Ascendant Commercial Insurance Inc. FL 23,274
Lighthouse Property Insurance Corp. LA 22,767
Sterling Casualty Insurance Co. CA 22,674
National Automotive Insurance Co. LA 22,276
NC Grange Mutual Insurance Co. NC 22,155
Agent Alliance Insurance Co. NC 21,950
Housing and Redevelopment Insurance Exchange PA 21,590
Eveready Insurance Co. NY 21,567
Center Mutual Insurance Co. ND 21,341
Springfield Insurance Co. CA 21,256
Bremen Farmers Mutual Insurance Co. KS 21,205
NHRMA Mutual Insurance Co. IL 20,820
League of Wisconsin Municipalities Mutual Insurance WI 20,784
Conventus Inter-Insurance Exchange NJ 20,445
CIFG Assurance North America Inc. NY 20,249
Idaho Counties Risk Management Program ID 19,657
Retailers Casualty Insurance Co. LA 19,268
Professional Casualty Association PA 18,312
Granada Insurance Co. FL 18,070
Marysville Mutual Insurance Co. KS 17,787
Seven Seas Insurance Co. Inc. FL 17,395
Otsego Mutual Fire Insurance Co. NY 17,258
Illinois State Bar Association Mutual Insurance Co. IL 16,925
Farmers Union Mutual Insurance Co. MT 16,805
Samsung Fire & Marine Insurance Co. Ltd. (US Branch) NY 16,773
Mt. Morris Mutual Insurance Co. WI 16,731
Harbor Insurance Co. OK 16,547
Park Insurance Co. NY 16,231
Upland Mutual Insurance Inc. KS 16,155
Maya Assurance Co. NY 16,087
Michigan Professional Insurance Exchange MI 15,986
Interstate Bankers Casualty Co. IL 15,857
Peachtree Casualty Insurance Co. FL 15,565
Farm Credit System Association Captive Insurance Co. CO 14,498
Sawgrass Mutual Insurance Co. FL 14,374
US Lloyds Insurance Co. TX 14,335
American Risk Insurance Co. Inc. TX 14,189
New Jersey Physicians United Reciprocal Exchange NJ 14,110
Baldwin Mutual Insurance Co. Inc. AL 14,090
Midstate Mutual Insurance Co. NY 13,716
Northern Mutual Insurance Co. MI 13,238
The Responsive Auto Insurance Co. FL 13,092
Allegany Co-Op Insurance Co. NY 12,811
Southern Mutual Insurance Co. GA 12,790
Nevada Mutual Insurance Co. Inc. NV 12,724
Mennonite Mutual Insurance Co. OH 12,638
Independent Nevada Doctors Insurance Exchange NV 12,608
OHA Insurance Solutions Inc. OH 12,582
The Farmers Fire Insurance Co. PA 12,468
Wayne Cooperative Insurance Co. NY 12,356
Avatar Property & Casualty Insurance Co. FL 12,056
West Virginia Insurance Co. WV 12,033
Usplate Glass Insurance Co. FL 11,799
Florida Lawyers Mutual Insurance Co. FL 11,744
Direct Auto Insurance Co. IL 11,731
Lebanon Mutual Insurance Co. PA 11,622
The USA Insurance Co. MS 11,525
Fairmont Farmers Mutual Insurance Co. MN 11,077
Medical Alliance Insurance Co. IL 11,011
Farmers Mutual Fire Insurance Co. of Marble, Pennsylvania PA 10,843
German American Farm Mutual TX 10,787
Cities & Villages Mutual Insurance Co. WI 10,305
Star & Shield Insurance Exchange FL 10,232
Finger Lakes Fire and Casualty Co. NY 9,597
Spring Valley Mutual Insurance Co. MN 9,258
The Members Insurance Co. NC 9,235
Oklahoma Attorneys Mutual Insurance Co. OK 9,153
The Paramount Insurance Co. MD 8,905
Insurance Placement Facility of Pennsylvania PA 8,859
Healthcare Underwriters Group of Florida FL 8,836
Positive Physicians Insurance Exchange PA 8,801
Pennsylvania Physicians Reciprocal Insurers PA 8,779
Nations Insurance Co. CA 8,769
Bell United Insurance Co. NV 8,555
North Country Insurance Co. NY 8,429
Capitol Insurance Co. PA 8,416
Farmers Union Mutual Insurance Co. AR 8,360
Manufacturing Technology Mutual Insurance Co. MI 8,332
Chautauqua Patrons Insurance Co. NY 8,157
Physicians Insurance Co. FL 8,113
McMillan Warner Mutual Insurance Co. WI 8,103
Casualty Corp. of America Inc. OK 8,010
Associated Mutual Insurance Cooperative NY 7,625
Kansas Mutual Insurance Co. KS 7,624
Halifax Mutual Insurance Co. NC 7,520
Battle Creek Mutual Insurance Co. NE 7,454
American Fellowship Mutual Insurance Co. MI 7,364
Physicians’ Insurance Program Exchange PA 7,328
Texas Hospital Insurance Exchange TX 7,327
Physicians Professional Indemnity Association MO 7,323
Dealers Choice Mutual Insurance Inc. NC 7,259
Georgia Mutual Insurance, a Stock Co. GA 7,176
CEM Insurance Co. TX 7,159
Nazareth Mutual Insurance Co. PA 7,136
Farmers Mutual Fire Insurance Co. OK 7,115
Kensington Insurance Co. NY 7,048
ARECA Insurance Exchange AK 7,031
Southern Eagle Insurance Co. FL 7,025
Farmers Mutual of Tennessee TN 6,909
Waco Fire & Casualty GA 6,859
Reamstown Mutual Insurance Co. PA 6,735
Lawyers Mutual Insurance Co. of Kentucky KY 6,650
Mid-Hudson Co-Operative Insurance Co. NY 6,398
Elephant Insurance Co. VA 6,350
Leatherstocking Cooperative Insurance Co. NY 6,344
Union Mutual Insurance Co. OK 6,316
Synergy Insurance Co. NC 6,312
Districts Mutual Insurance WI 6,171
American Millennium Insurance Co. NJ 6,047
Healthcare Underwriters Group Mutual of Ohio OH 6,039
Healthcare Underwriters Group of Kentucky KY 6,022
Callicoon Co-Operative Insurance Co. NY 6,015
First Benefits Insurance Mutual Inc. NC 5,938
Ohio Bar Liability Insurance Co. OH 5,841
Broome Co-Operative Insurance Co. NY 5,670
Oswego County Mutual Insurance Co. NY 5,484
Fulmont Mutual Insurance Co. NY 5,477
Georgia Dealers Insurance Co. GA 5,426
Alaska Timber Insurance Exchange AK 5,365
Farmers Mutual Insurance Co. WV 5,363
Central Co-Operative Insurance Co. NY 5,324
Comptrust AGC Mutual Captive Insurance Co. GA 5,318
First Mutual Insurance Co. NC 5,250
Hospitality Mutual Insurance Co. MA 5,172
Delta Lloyds Insurance Co. of Houston, Texas TX 5,156
Interstate Auto Insurance Co. Inc. MD 5,107
Victory Insurance Co. Inc. MT 5,094
Laundry Owners Mutual Liability Insurance Association PA 5,037
Texas Builders Insurance Co. TX 4,952
Workers Compensation Exchange ID 4,844
Alliance Mutual Insurance Co. NC 4,841
Manitowoc Mutual Insurance Co. WI 4,823
Hartland Mutual Insurance Co. ND 4,822
Maple Valley Mutual Insurance Co. WI 4,808
Wisconsin Lawyers Mutual Insurance Co. WI 4,740
AGIC Inc. FL 4,725
Juniata Mutual Insurance Co. PA 4,717
Americas Insurance Co. LA 4,692
Merced Mutual Insurance Co. CA 4,682
Health Care Insurance Reciprocal MN 4,667
Bedford Grange Mutual Insurance Co. PA 4,542
Genesee Patrons Cooperative Insurance Co. NY 4,473
Wisconsin Municipal Mutual Insurance Co. WI 4,379
Ontario Insurance Co. NY 4,378
Freedom Advantage Insurance Co. PA 4,304
Trans City Casualty Insurance Co. AZ 4,282
Springfield Fire & Casualty Co. IL 4,266
Preferred Auto Insurance Co. Inc. TN 4,254
Briar Creek Mutual Insurance Co. PA 4,234
Farmers Mutual Fire Insurance Co. of McCandless Township PA 4,233
Health Care Mutual Captive Insurance Co. GA 4,232
Texas Medical Insurance Co. TX 4,216
Capacity Insurance Co. FL 4,211
Missouri Valley Mutual Insurance Co. SD 3,976
Farmers and Merchants Mutual Fire Insurance Co. MI 3,954
Madison Mutual Insurance Co. NY 3,777
Great Lakes Mutual Insurance Co. MI 3,767
Building Industry Insurance Association Inc. VA 3,751
Gem State Insurance Co. ID 3,748
Midrox Insurance Co. NY 3,713
Normandy Harbor Insurance Co. Inc. FL 3,654
California Mutual Insurance Co. CA 3,654
Community Mutual Insurance Co. NY 3,629
Sheffield Insurance Co. TN 3,553
National Home Warranty Inc. NV 3,551
Sunderland Marine Mutual Insurance Co. Ltd. AK 3,516
Indemnity National Insurance Co. KY 3,497
Agents Mutual Insurance Co. AR 3,470
Tank Owner Members Insurance Co. TX 3,429
Retailers Mutual Insurance Co. MI 3,381
Transit Mutual Insurance Corporation of WI WI 3,358
Utah Business Insurance Co. Inc. UT 3,332
Petroleum Marketers Management Insurance Co. IA 3,321
Synergy Comp Insurance Co. PA 3,250
Doctors Direct Insurance Inc. IL 3,249
Ethio-American Insurance Co. Inc. GA 3,248
Safe Insurance Co. WV 3,245
Little Black Mutual Insurance Co. WI 3,199
Penncommonwealth Casualty of America Corp. PA 3,195
Arrow Mutual Liability Insurance Co. MA 3,153
US Insurance Co. of America IL 3,145
Northern Plains Insurance Co. SD 3,136
Friends Cove Mutual Insurance Co. PA 3,112
CBIA Comp Services Inc. CT 3,090
Carolina Farmers Mutual Insurance Co. NC 3,088
Piedmont Mutual Insurance Co. NC 3,076
National Direct Insurance Co. NV 3,057
Wilmington Insurance Co. DE 3,054
Hay Creek Mutual Insurance Co. MN 3,021
United Frontier Mutual Insurance Co. NY 3,017
New Mexico Property and Casualty Co. NM 3,004
National Heritage Insurance Co. IL 2,982
Geneva Insurance Co. IN 2,901
Whitecap Surety Co. MN 2,892
United Casualty and Surety Insurance Co. MA 2,878
American Alliance Casualty Co. IL 2,745
Galen Insurance Co. MO 2,658
Garden State Indemnity Co. Inc. NJ 2,610
Road Contractors Mutual Insurance Co. TN 2,565
Farmers Mutual Insurance Co. KS 2,556
Washington County Co-Op Insurance Co. NY 2,542
Town and Country Mutual Insurance Co. AR 2,499
Mound Prairie Mutual Insurance Co. MN 2,483
Integra Insurance Inc. MN 2,439
Vasa-Spring Garden Mutual Insurance Co. MN 2,425
Pan Handle Farmers Mutual Insurance Co. of West Virginia WV 2,416
Bloomfield Mutual Insurance Co. MN 2,416
Quality Casualty Insurance Co. Inc. AL 2,402
Heartland Mutual Insurance Co. MN 2,393
Mt Carroll Mutual Insurance Co. IL 2,385
Mutual Insurance Co. of Lehigh County PA 2,355
First Jersey Casualty Insurance Co. Inc. NJ 2,320
United Business Insurance Co. (a Mutual Captive) GA 2,301
Alamance Farmers Mutual Insurance Co. NC 2,293
Great Plains Casualty Inc. IA 2,221
Ellington Mutual Insurance Co. WI 2,207
Western Mutual Fire Insurance Co. MN 2,159
Centre County Mutual Fire Insurance Co. PA 2,143
British American Insurance Co. TX 1,994
Palmetto Surety Corp. SC 1,895
Lincoln Mutual Insurance Co. NC 1,809
Hannahstown Mutual Insurance Co. PA 1,774
Tift Area Captive Insurance Co. GA 1,714
Otsego County Patrons Co-Operative Fire Relief Association NY 1,700
Primeone Insurance Co. MI 1,698
Farmers’ Mutual Insurance Co. MI 1,694
Benefit Security Insurance Co. IL 1,649
TPA Captive Insurance Co. GA 1,627
Farmington Mutual Insurance Co. WI 1,575
Black Diamond Insurance Co. NV 1,544
Indiana Old National Insurance Co. IN 1,498
Commonwealth Mutual Insurance Co. of America MD 1,481
Distributors Insurance Co. TN 1,471
First Surety Corp. WV 1,469
Conemaugh Valley Mutual Insurance Co. PA 1,441
Professional Insurance Exchange UT 1,416
Transit General Insurance Co. IL 1,400
Slavonic Mutual Fire Insurance Association TX 1,397
Club Insurance Co. OH 1,395
Wall Rose Mutual Insurance Co. PA 1,389
Mower County Farmers Mutual Insurance Co. MN 1,379
Legal Mutual Liability Insurance Society of Maryland MD 1,368
Farmers & Mechanics Mutual Insurance Association of Cecil County Inc. MD 1,326
Peninsular Surety Co. FL 1,234
Yel County Insurance FL 1,198
Physicians Insurance Mutual MO 1,182
Professional Aviation Insurance Reciprocal NV 1,167
Medmal Direct Insurance Co. FL 1,141
Bondex Insurance Co. NJ 1,137
Canonsburg Mutual Fire Insurance Co. PA 1,121
Clearfield County Grange Mutual Fire Insurance Co. PA 1,095
Farmers Mutual Fire Insurance Co. of Branch County MI 1,084
Columbia Federal Insurance Co. DC 1,045
Grange Mutual Fire Insurance Co. PA 1,031
Atlantic Bonding Co. Inc. MD 1,025

About Douglas A. Powell

Powell is a senior financial analyst with Demotech Inc., the official research partner of Insurance Journal. Founded in 1985, Demotech is a Columbus, Ohio-based financial analysis firm that provides services to regional insurance companies, title underwriters and specialty insurance markets. Demotech has been assigning Financial Stability Ratings¨ (FSRs) to these markets since 1992. FSRs of A or better are accepted by the secondary mortgage marketplace, as well as virtually all mortgage lenders, an increasing number of umbrella insurance markets and some writers of insurance agents errors and omissions insurance. Web site: www.demotech.com.

From This Issue

Insurance Journal West November 7, 2011
November 7, 2011
Insurance Journal West Magazine

Top Commercial Lines Agencies, Habitational / Dwellings, Agents’ E&O Survey

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