The number of independent property/casualty insurance groups increased from 8 percent to 10 percent in 1999, according to a study by A.M. Best Co.
Best expects one-third of the remaining groups to lose what it calls “operating autonomy” by 2005. Approximately 1,100 p/c groups still operate in the U.S. today. About 13 percent of these groups still control about 90 percent of the market.
The top 10 groups alone write about 45 percent of the market premium, up about 40 percent from just one year ago.
How States Rank in Injury Prevention
More Top Executives Say Bribes for Business Acceptable
Study: Drug Testing Driving Calif. Workers’ Comp Costs
Maryland’s State-Run WC Insurer IWIF to Become Private Nonprofit Co.
Saints’ Vilma Sues NFL Commissioner Goodell for Defamation
Safety Report Cites Lack of Progress in Reducing Motorcyclist Deaths
A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid
Safety Inspections Don’t Hurt Businesses; Do Lower Workers’ Comp Costs: Study
