The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners (NAIC). The 11 categories that comprise the system are Nationals, Near Nationals, Super Regionals, Regionals, State Specialists, Coverage Specialists, Strategic Subsidiaries, Risk Retention Groups, Surplus Lines Carriers, Reinsurers and companies with less than $1 million in direct written premium.
To be categorized as a State Specialist, a carrier must be an individual, active company reporting data to the NAIC using the property/casualty annual statement format at Dec. 31, 2013. It must report at least $1 million in direct written premium at Dec. 31, 2013 with 90 percent or more written in one state. Further, it cannot be a surplus lines company, risk retention group or reinsurance company.
In total, there were 766 companies categorized as State Specialists for 2014. This is more than 28 percent of the 2,676 companies classified based on Dec. 31, 2013 data. This group wrote more than $76 billion of direct written premium, which was 14 percent of the industry’s direct written premium in 2013.
Examining the geographic distribution of the 2014 State Specialists reveals that more than half of them specialize in one of just six states. Texas had the most State Specialists with 95. Florida and New York both had 80, followed by California and New Jersey with 54, and Pennsylvania with 44.
When looking at the line of business mix, 44.5 percent of the State Specialists’ 2013 direct written premium was private passenger auto. Nearly 25 percent was homeowners multiple peril and almost 11 percent of their premium was workers’ compensation.
Space limitations precluded an enumeration of each of the 766 State Specialists. The accompanying list includes the 300 State Specialists that were not affiliated with a group as of Dec. 31, 2013. A full list of State Specialists is available by contacting bkoestler@demotech.com.
State Specialists are often an independent agent’s most reliable and consistent market. These companies are focused on a specific geographic area, understand it and consistently strive to serve it. Demotech is pleased to provide State Specialists with the recognition they deserve.
2014 State Specialist Property/Casualty Insurers
| Company Name | Specialty | (000s Omitted) |
|---|---|---|
| State Compensation Insurance Fund | CA | $1,112,518 |
| Texas Mutual Insurance Co. | TX | $1,031,357 |
| Medical Liability Mutual Insurance Co. | NY | $546,311 |
| Pinnacol Assurance | CO | $478,230 |
| SAIF Corp. | OR | $436,160 |
| PEMCO Mutual Insurance Co. | WA | $354,000 |
| Wawanesa General Insurance Co. | CA | $332,658 |
| Homeowners Choice Property & Casualty Insurance Co. Inc. | FL | $319,102 |
| American Coastal Insurance Co. | FL | $300,205 |
| St. Johns Insurance Co. Inc. | FL | $282,092 |
| Federated National Insurance Co. | FL | $249,520 |
| Farm Bureau Mutual Insurance Co. of Arkansas Inc. | AR | $246,418 |
| Alliance United Insurance Co. | CA | $243,046 |
| Hospitals Insurance Co. Inc. | NY | $237,091 |
| Security First Insurance Co. | FL | $228,706 |
| People’s Trust Insurance Co. | FL | $211,182 |
| American Integrity Insurance Co. of Florida | FL | $207,590 |
| Nuclear Electric Insurance Limited | DE | $203,119 |
| Pioneer State Mutual Insurance Co. | MI | $196,832 |
| Louisiana Workers’ Compensation Corp. | LA | $185,313 |
| Indiana Farmers Mutual Insurance Co. | IN | $183,051 |
| Windhaven Insurance Co. | FL | $173,282 |
| Queen City Assurance Inc. | VT | $169,565 |
| Missouri Employers Mutual Insurance Co. | MO | $166,965 |
| Rural Mutual Insurance Co. | WI | $165,515 |
| Louisiana Farm Bureau Mutual Insurance Co. | LA | $146,541 |
| Kentucky Employers’ Mutual Insurance Authority | KY | $143,753 |
| American Transit Insurance Co. | NY | $141,099 |
| Country-Wide Insurance Co. | NY | $125,515 |
| Heritage Property & Casualty Insurance Co. | FL | $122,465 |
| Mutual Insurance Co. of Arizona | AZ | $118,846 |
| Ark Royal Insurance Co. | FL | $115,722 |
| Michigan Millers Mutual Insurance Co. | MI | $115,061 |
| Olympus Insurance Co. | FL | $105,502 |
| American Steamship Owners Mutual Protection and Indemnity Association Inc. | NY | $105,417 |
| Southern Oak Insurance Co. | FL | $103,043 |
| Bear River Mutual Insurance Co. | UT | $101,582 |
| COPIC Insurance Co. | CO | $88,014 |
| New York Schools Insurance Reciprocal | NY | $87,349 |
| Southern Fidelity Property & Casualty Inc. | FL | $78,743 |
| Auto Club South Insurance Co. | FL | $75,281 |
| Wisconsin Mutual Insurance Co. | WI | $68,607 |
| Lighthouse Property Insurance Corp. | LA | $64,643 |
| Underwriters at Lloyd’s, London (KY) | KY | $62,204 |
| Fiduciary Insurance Co. of America Inc. | NY | $61,736 |
| Underwriters at Lloyd’s, London (IL) | IL | $61,033 |
| Kingstone Insurance Co. | NY | $60,449 |
| Erie and Niagara Insurance Association | NY | $60,417 |
| Colorado Farm Bureau Mutual Insurance Co. | CO | $60,189 |
| Citizens United Reciprocal Exchange | NJ | $59,126 |
| GoAuto Insurance Co. | LA | $58,161 |
| Homeowners of America Insurance Co. | TX | $57,957 |
| Sterling Insurance Co. | NY | $53,542 |
| Dryden Mutual Insurance Co. | NY | $52,980 |
| CEM Insurance Co. | TX | $52,865 |
| Farmers Union Mutual Insurance | ND | $52,771 |
| MDAdvantage Insurance Co. of New Jersey | NJ | $51,773 |
| New York Municipal Insurance Reciprocal | NY | $51,587 |
| LAMMICO | LA | $50,470 |
| Hawaii Employers’ Mutual Insurance Co. Inc. | HI | $49,907 |
| RAM Mutual Insurance Co. | MN | $47,512 |
| Germantown Mutual Insurance Co. | WI | $45,571 |
| Weston Insurance Co. | FL | $43,721 |
| Prepared Insurance Co. | FL | $43,680 |
| Ascendant Commercial Insurance Inc. | FL | $41,985 |
| Farmers Mutual Fire Insurance Co. of Salem County | NJ | $40,875 |
| Wellington Insurance Co. | TX | $40,838 |
| Alabama Municipal Insurance Corp. | AL | $40,746 |
| Security Mutual Insurance Co. | NY | $40,041 |
| Sawgrass Mutual Insurance Co. | FL | $39,726 |
| Lawyers’ Mutual Insurance Co. | CA | $39,635 |
| Financial Guaranty Insurance Co. | NY | $37,969 |
| Madison Mutual Insurance Co. | IL | $34,891 |
| Discovery Insurance Co. | NC | $31,860 |
| Crusader Insurance Co. | CA | $31,214 |
| Care West Insurance Co. | CA | $29,716 |
| German Mutual Insurance Co. | OH | $29,535 |
| Peachtree Casualty Insurance Co. | FL | $29,221 |
| Farmers Insurance Co. of Flemington | NJ | $29,211 |
| Florida Doctors Insurance Co. | FL | $28,866 |
| Springfield Insurance Co. | CA | $28,516 |
| Bremen Farmers Mutual Insurance Co. | KS | $27,046 |
| West Virginia Mutual Insurance Co. | WV | $26,463 |
| Center Mutual Insurance Co. | ND | $26,231 |
| Carolina Mutual Insurance Inc. | NC | $25,789 |
| Healthcare Professionals Insurance Co. Inc. | NY | $25,733 |
| Access Home Insurance Co. | LA | $25,519 |
| American Risk Insurance Co. Inc. | TX | $25,428 |
| Housing and Redevelopment Insurance Exchange | PA | $25,310 |
| Kansas Medical Mutual Insurance Co. | KS | $24,793 |
| League of Wisconsin Municipalities Mutual Insurance | WI | $24,304 |
| Marysville Mutual Insurance Co. | KS | $23,629 |
| Granada Insurance Co. | FL | $23,018 |
| Star & Shield Insurance Exchange | FL | $22,367 |
| Texas Lawyers’ Insurance Exchange | TX | $21,707 |
| Capitol Insurance Co. | PA | $21,385 |
| Maya Assurance Co. | NY | $21,179 |
| National Automotive Insurance Co. | LA | $21,142 |
| Mt. Morris Mutual Insurance Co. | WI | $20,337 |
| Conventus Inter-Insurance Exchange | NJ | $20,276 |
| Idaho Counties Risk Management Program | ID | $19,708 |
| Sterling Casualty Insurance Co. | CA | $19,354 |
| Responsive Auto Insurance Co. | FL | $19,179 |
| N.C. Grange Mutual Insurance Co. | NC | $19,173 |
| Farmers Union Mutual Insurance Co. | MT | $19,129 |
| Upland Mutual Insurance Inc. | KS | $18,866 |
| US Lloyds Insurance Co. | TX | $18,498 |
| First Benefits Insurance Mutual Inc. | NC | $18,378 |
| Northern Mutual Insurance Co. | MI | $18,148 |
| Harbor Insurance Co. | OK | $18,077 |
| Seven Seas Insurance Co. Inc. | FL | $17,833 |
| Illinois State Bar Association Mutual Insurance Co. | IL | $17,740 |
| Otsego Mutual Fire Insurance Co. | NY | $16,614 |
| Manufacturing Technology Mutual Insurance Co. | MI | $16,502 |
| American Millennium Insurance Co. | NJ | $16,431 |
| Farm Credit System Association Captive Insurance Co. | CO | $15,868 |
| Fairmont Farmers Mutual Insurance Co. | MN | $15,683 |
| CIFG Assurance North America Inc. | NY | $15,604 |
| American Alliance Casualty Co. | IL | $15,578 |
| Normandy Harbor Insurance Co. Inc. | FL | $15,208 |
| Michigan Professional Insurance Exchange | MI | $15,179 |
| Nations Insurance Co. | CA | $14,957 |
| Professional Casualty Association | PA | $14,788 |
| Farmers Fire Insurance Co. | PA | $14,633 |
| New Jersey Physicians United Reciprocal Exchange | NJ | $14,013 |
| Eveready Insurance Co. | NY | $13,982 |
| Kensington Insurance Co. | NY | $13,940 |
| Midstate Mutual Insurance Co. | NY | $13,905 |
| Wayne Cooperative Insurance Co. | NY | $13,755 |
| Allegany Co-op Insurance Co. | NY | $13,703 |
| Direct Auto Insurance Co. | IL | $13,650 |
| Capacity Insurance Co. | FL | $13,526 |
| Avatar Property & Casualty Insurance Co. | FL | $13,350 |
| Cities and Villages Mutual Insurance Co. | WI | $12,950 |
| Interstate Bankers Casualty Co. | IL | $12,894 |
| Park Insurance Co. | NY | $12,823 |
| Florida Lawyers Mutual Insurance Co. | FL | $12,768 |
| Building Industry Insurance Association Inc. | VA | $12,181 |
| West Virginia Insurance Co. | WV | $12,055 |
| Transit General Insurance Co. | IL | $11,890 |
| USPlate Glass Insurance Co. | FL | $11,885 |
| Farmers Mutual Fire Insurance Co. of Marble, Pa. | PA | $11,629 |
| Mutual of Wausau Insurance Corp. | WI | $11,577 |
| Medical Alliance Insurance Co. | IL | $11,198 |
| MedMal Direct Insurance Co. | FL | $10,940 |
| USA Insurance Co. | MS | $10,865 |
| Delta Lloyds Insurance Co. of Houston Texas | TX | $10,722 |
| Finger Lakes Fire and Casualty Co. | NY | $10,713 |
| Farmers Mutual Fire Insurance Co. | OK | $10,671 |
| Nevada Mutual Insurance Co. Inc. | NV | $10,571 |
| Casualty Corp. of America Inc. | OK | $10,316 |
| McMillan Warner Mutual Insurance Co. | WI | $10,214 |
| Victory Insurance Co. Inc. | MT | $10,071 |
| Oklahoma Attorneys Mutual Insurance Co. | OK | $9,969 |
| Farmers Mutual of Tennessee | TN | $9,856 |
| Leatherstocking Cooperative Insurance Co. | NY | $9,628 |
| Bell United Insurance Co. | NV | $9,447 |
| Kansas Mutual Insurance Co. | KS | $9,433 |
| Chautauqua Patrons Insurance Co. | NY | $8,988 |
| Reamstown Mutual Insurance Co. | PA | $8,598 |
| Coastal Insurance Co. Inc. | AL | $8,414 |
| North Country Insurance Co. | NY | $8,389 |
| Halifax Mutual Insurance Co. | NC | $8,340 |
| OHA Insurance Solutions Inc. | OH | $8,325 |
| Insurance Placement Facility of Pennsylvania | PA | $8,284 |
| ARECA Insurance Exchange | AK | $8,157 |
| German American Farm Mutual | TX | $8,020 |
| Seaview Insurance Co. | CA | $7,969 |
| Mid-Hudson Co-Operative Insurance Co. | NY | $7,940 |
| Nazareth Mutual Insurance Co. | PA | $7,484 |
| Texas Hospital Insurance Exchange | TX | $7,459 |
| Pennsylvania Physicians’ Reciprocal Insurers | PA | $7,425 |
| Ohio Bar Liability Insurance Co. | OH | $7,405 |
| CompTrust AGC Mutual Captive Insurance Co. | GA | $7,342 |
| Lawyers Mutual Insurance Co. of Kentucky | KY | $7,301 |
| Agents Mutual Insurance Co. | AR | $7,290 |
| Associated Mutual Insurance Cooperative | NY | $7,160 |
| Paramount Insurance Co. | MD | $6,981 |
| Georgia Dealers Insurance Co. | GA | $6,978 |
| Broome Co-operative Insurance Co. | NY | $6,928 |
| Oswego County Mutual Insurance Co. | NY | $6,840 |
| Family Security Insurance Co. Inc. | LA | $6,755 |
| Healthcare Underwriters Group of Florida | FL | $6,722 |
| Alaska Timber Insurance Exchange | AK | $6,716 |
| Fulmont Mutual Insurance Co. | NY | $6,414 |
| Dealers Choice Mutual Insurance Inc. | NC | $6,390 |
| Synergy Comp Insurance Co. | PA | $6,364 |
| Specialty Risk of America | IL | $6,290 |
| Preferred Auto Insurance Co. Inc. | TN | $6,219 |
| Districts Mutual Insurance | WI | $6,128 |
| Maple Valley Mutual Insurance Co. | WI | $6,088 |
| Health Care Insurance Reciprocal | MN | $6,063 |
| Health Care Mutual Captive Insurance Co. | GA | $6,027 |
| Callicoon Co-operative Insurance Co. | NY | $6,025 |
| Hartland Mutual Insurance Co. | ND | $5,970 |
| Healthcare Underwriters Group Mutual of Ohio | OH | $5,951 |
| Central Co-operative Insurance Co. | NY | $5,902 |
| Farmers Mutual Insurance Co. | WV | $5,843 |
| CBIA Comp. Services Inc. | CT | $5,830 |
| SteadPoint Insurance Co. | TN | $5,809 |
| Retailers Mutual Insurance Co. | MI | $5,790 |
| Great Falls Insurance Co. | ME | $5,775 |
| Physicians’ Insurance Program Exchange | PA | $5,764 |
| Arrow Mutual Liability Insurance Co. | MA | $5,741 |
| Bedford Grange Mutual Insurance Co. | PA | $5,721 |
| Business Alliance Insurance Co. | CA | $5,705 |
| Laundry Owners Mutual Liability Insurance Association | PA | $5,653 |
| First Mutual Insurance Co. | NC | $5,459 |
| Juniata Mutual Insurance Co. | PA | $5,254 |
| Pacific Pioneer Insurance Co. | CA | $5,237 |
| Farmers Mutual Fire Insurance Co. of McCandless Township | PA | $5,207 |
| Freedom Advantage Insurance Co. | PA | $5,073 |
| Wisconsin Municipal Mutual Insurance Co. | WI | $4,994 |
| Wisconsin Lawyers Mutual Insurance Co. | WI | $4,931 |
| Commonwealth Casualty Co. | AZ | $4,868 |
| Genesee Patrons Cooperative Insurance Co. | NY | $4,846 |
| Pennsylvania Professional Liability Joint Underwriting Association | PA | $4,824 |
| Sunderland Marine Mutual Insurance Co. Limited – US Branch | AK | $4,786 |
| Mount Carroll Mutual Insurance Co. | IL | $4,745 |
| PrimeOne Insurance Co. | MI | $4,721 |
| Great Lakes Mutual Insurance Co. | MI | $4,675 |
| Ontario Insurance Co. | NY | $4,612 |
| U.S. Insurance Co. of America | IL | $4,522 |
| Midrox Insurance Co. | NY | $4,492 |
| United Business Insurance Co. (A Mutual Captive) | GA | $4,332 |
| Missouri Doctors Mutual Insurance Co. | MO | $4,323 |
| National Direct Insurance Co. | NV | $4,306 |
| Healthcare Underwriters Group of Kentucky | KY | $4,248 |
| Missouri Valley Mutual Insurance Co. | SD | $4,248 |
| Briar Creek Mutual Insurance Co. | PA | $4,244 |
| Mound Prairie Mutual Insurance Co. | MN | $4,204 |
| Trans City Casualty Insurance Co. | AZ | $4,182 |
| Farmers and Merchants Mutual Fire Insurance Co. | MI | $4,156 |
| Gem State Insurance Co. | ID | $4,081 |
| Constitution Insurance Co. | NY | $4,054 |
| Physicians Professional Indemnity Association | MO | $4,051 |
| Madison Mutual Insurance Co. | NY | $4,014 |
| Doctors Direct Insurance Inc. | IL | $4,008 |
| Little Black Mutual Insurance Co. | WI | $3,808 |
| Heartland Mutual Insurance Co. | MN | $3,800 |
| Ethio-American Insurance Co. Inc. | GA | $3,775 |
| California Mutual Insurance Co. | CA | $3,727 |
| Carolina Farmers Mutual Insurance Co. | NC | $3,723 |
| MidSouth Mutual Insurance Co. | TN | $3,706 |
| Farmers Union Mutual Insurance Co. | AR | $3,699 |
| Hay Creek Mutual Insurance Co. | MN | $3,616 |
| Bloomfield Mutual Insurance Co. | MN | $3,611 |
| Tank Owner Members Insurance Co. | TX | $3,555 |
| Wilmington Insurance Co. | DE | $3,435 |
| Whitecap Surety Co. | MN | $3,429 |
| Waco Fire & Casualty Insurance Co. | GA | $3,408 |
| Petroleum Marketers Management Insurance Co. | IA | $3,389 |
| Friends Cove Mutual Insurance Co. | PA | $3,370 |
| Ellington Mutual Insurance Co. | WI | $3,337 |
| Arkansas Mutual Insurance Co. | AR | $3,284 |
| Safe Insurance Co. | WV | $3,263 |
| Road Contractors Mutual Insurance Co. | TN | $3,228 |
| Vasa-Spring Garden Mutual Insurance Co. | MN | $3,094 |
| Western Mutual Fire Insurance Co. | MN | $3,011 |
| AGIC Inc. | FL | $2,997 |
| Farmers Mutual Insurance Co. | KS | $2,952 |
| United Frontier Mutual Insurance Co. | NY | $2,927 |
| Pan Handle Farmers Mutual Insurance Co. of West Virginia | WV | $2,857 |
| Piedmont Mutual Insurance Co. | NC | $2,853 |
| Transit Mutual Insurance Corp. of Wisconsin | WI | $2,836 |
| Alamance Farmers’ Mutual Insurance Co. | NC | $2,834 |
| Spartan Insurance Co. | TX | $2,754 |
| Integra Insurance Inc. | MN | $2,687 |
| United Casualty and Surety Insurance Co. | MA | $2,679 |
| Washington County Co-op Insurance Co. | NY | $2,654 |
| Century Mutual Insurance Co. | NC | $2,616 |
| National Heritage Insurance Co. | IL | $2,554 |
| Centre County Mutual Fire Insurance Co. | PA | $2,536 |
| Geneva Insurance Co. | IN | $2,489 |
| British American Insurance Co. | TX | $2,391 |
| Workers Compensation Exchange | ID | $2,243 |
| Conemaugh Valley Mutual Insurance Co. | PA | $2,199 |
| Mutual Insurance Co. of Lehigh County | PA | $2,173 |
| Falcon Insurance Co. | IL | $2,171 |
| Mower County Farmers Mutual Insurance Co. | MN | $1,798 |
| Hannahstown Mutual Insurance Co. | PA | $1,779 |
| Farmington Mutual Insurance Co. | WI | $1,641 |
| Otsego County Patrons Co-Operative Fire Relief Association | NY | $1,616 |
| Professional Insurance Exchange | UT | $1,578 |
| Benefit Security Insurance Co. | IL | $1,566 |
| Casualty Underwriters Insurance Co. | UT | $1,498 |
| Keystone Mutual Insurance Co. | MO | $1,493 |
| Bondex Insurance Co. | NJ | $1,470 |
| CareNext Risk Retention Group Inc. | NY | $1,467 |
| Wall Rose Mutual Insurance Co. | PA | $1,463 |
| Indiana Old National Insurance Co. | IN | $1,373 |
| Farmers Mutual Fire Insurance Co. of Branch County | MI | $1,347 |
| Club Insurance Co. | OH | $1,282 |
| MFS Mutual Insurance Co. | IA | $1,232 |
| Farmers & Mechanics Mutual Insurance Association of Cecil County Inc. | MD | $1,221 |
| Clearfield County Grange Mutual Fire Insurance Co. | PA | $1,219 |
| Yel Co. Insurance | FL | $1,198 |
| Grange Mutual Fire Insurance Co. | PA | $1,092 |
| Commonwealth Mutual Insurance Co. of America | MD | $1,030 |
| Sauquoit Valley Insurance Co. | NY | $1,004 |
Topics USA Carriers Texas Florida Auto Workers' Compensation Excess Surplus New York Underwriting Agribusiness Property Homeowners Property Casualty New Jersey Virginia Missouri Casualty Pennsylvania Kentucky
Was this article valuable?
Here are more articles you may enjoy.
World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market 
NOAA Risks Loss of Data Network and Web Service 
Increased Writings in Homeowners Adds to US Surplus Lines Growth 
NJ Wildfire Update: 50% Contained; High Spread Risk Today; Suspect in Custody 
From This Issue
