The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by 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 (DWP).
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 year-end 2015. The company must report at least $1 million in DWP at Dec. 31, 2015, 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, 746 companies were categorized as State Specialists for 2016. This is 28.6 percent of the 2,612 companies that were classified based on Dec. 31, 2015 data. This group wrote nearly $83.6 billion of DWP, which was 14.3 percent of the industry’s DWP in 2015.
Examining the geographic distribution of the 2016 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 was next with 79; New York had 73. New Jersey had 53, California 51, and Pennsylvania 40. These six states accounted for more than $57.6 billion of direct premium written, or nearly 69 percent of the countrywide total.
When looking at the line of business mix, State Specialists’ 2015 DWP was 46.8 percent private passenger auto, nearly 23.9 percent homeowners multiple peril, and 10.8 percent workers’ compensation.
The accompanying list includes the 279 State Specialists that were not affiliated with a group as of year-end 2015.
2016 State Specialist Property/Casualty Insurers
| State Compensation Insurance Fund | CA | $1,639,880 | ||
|---|---|---|---|---|
| State Compensation Insurance Fund | CA | $1,639,880 | ||
| Texas Mutual Insurance Co. | TX | $1,087,428 | ||
| Pinnacol Assurance | CO | $633,021 | ||
| Heritage Property & Casualty Insurance Co. | FL | $492,948 | ||
| SAIF Corp. | OR | $469,459 | ||
| Medical Liability Mutual Insurance Co. | NY | $422,046 | ||
| PEMCO Mutual Insurance Co. | WA | $402,132 | ||
| Wawanesa General Insurance Co. | CA | $366,769 | ||
| American Coastal Insurance Co. | FL | $307,988 | ||
| Security First Insurance Co. | FL | $302,949 | ||
| People’s Trust Insurance Co. | FL | $282,263 | ||
| Windhaven Insurance Co. | FL | $275,976 | ||
| St. Johns Insurance Co. Inc. | FL | $274,552 | ||
| American Integrity Insurance Co. of Florida | FL | $246,309 | ||
| Farm Bureau Mutual Insurance Co. of Arkansas Inc. | AR | $242,383 | ||
| American Transit Insurance Co. | NY | $227,472 | ||
| Chesapeake Employers’ Insurance Co. | MD | $225,398 | ||
| Hospitals Insurance Co. Inc. | NY | $219,687 | ||
| Pioneer State Mutual Insurance Co. | MI | $207,394 | ||
| Indiana Farmers Mutual Insurance Co. | IN | $202,371 | ||
| Missouri Employers Mutual Insurance Co. | MO | $201,488 | ||
| Louisiana Workers’ Compensation Corp. | LA | $187,155 | ||
| Nuclear Electric Insurance Limited | DE | $187,136 | ||
| Rural Mutual Insurance Co. | WI | $185,206 | ||
| Queen City Assurance Inc. | VT | $170,029 | ||
| Louisiana Farm Bureau Mutual Insurance Co. | LA | $147,137 | ||
| Olympus Insurance Co. | FL | $145,655 | ||
| Kentucky Employers’ Mutual Insurance Authority | KY | $141,384 | ||
| Country-Wide Insurance Co. | NY | $136,461 | ||
| Bear River Mutual Insurance Co. | UT | $122,543 | ||
| Ark Royal Insurance Co. | FL | $120,425 | ||
| Ranchers & Farmers Mutual Insurance Co. | TX | $118,874 | ||
| Mutual Insurance Co. of Arizona | AZ | $114,155 | ||
| Weston Insurance Co. | FL | $108,130 | ||
| Safepoint Insurance Co. | FL | $104,314 | ||
| Southern Oak Insurance Co. | FL | $98,057 | ||
| Homeowners of America Insurance Co. | TX | $97,492 | ||
| New York Schools Insurance Reciprocal | NY | $93,280 | ||
| Southern Fidelity Property & Casualty Inc. | FL | $93,159 | ||
| American Steamship Owners Mutual Protection and | ||||
| Indemnity Association Inc. | NY | $92,972 | ||
| Kingstone Insurance Co. | NY | $91,004 | ||
| Alinsco Insurance Co. | TX | $90,972 | ||
| COPIC Insurance Co. | CO | $87,717 | ||
| GoAuto Insurance Co. | LA | $77,755 | ||
| Wisconsin Mutual Insurance Co. | WI | $73,955 | ||
| CEM Insurance Co. | TX | $73,277 | ||
| Lighthouse Property Insurance Corp. | LA | $72,641 | ||
| Hawaii Employers’ Mutual Insurance Co. Inc. | HI | $72,405 | ||
| Western General Insurance Co. | CA | $71,201 | ||
| Colorado Farm Bureau Mutual Insurance Co. | CO | $68,170 | ||
| Underwriters at Lloyd’s, London (IL) | IL | $67,534 | ||
| Erie and Niagara Insurance Association | NY | $66,960 | ||
| Prepared Insurance Co. | FL | $66,824 | ||
| Auto Club South Insurance Co. | FL | $64,014 | ||
| New York Municipal Insurance Reciprocal | NY | $63,824 | ||
| Sterling Insurance Co. | NY | $62,686 | ||
| Ascendant Commercial Insurance Inc. | FL | $62,101 | ||
| Elements Property Insurance Co. | FL | $61,131 | ||
| Farmers Union Mutual Insurance Co. | ND | $61,066 | ||
| Dryden Mutual Insurance Co. | NY | $59,739 | ||
| Citizens United Reciprocal Exchange | NJ | $59,553 LAMMICO | LA | $50,792 |
| Germantown Mutual Insurance Co. | WI | $50,243 | ||
| RAM Mutual Insurance Co. | MN | $49,768 Mount Beacon Insurance Co. | FL | $48,663 |
| Farmers Mutual Fire Insurance Co. of Salem County | NJ | $47,387 | ||
| MDAdvantage Insurance Co. of New Jersey | NJ | $47,332 Access Home Insurance Co. | LA | $44,849 |
| Underwriters at Lloyd’s, London (KY) | KY | $42,216 | ||
| Security Mutual Insurance Co. | NY | $41,925 | ||
| Wellington Insurance Co. | TX | $40,798 | ||
| Sawgrass Mutual Insurance Co. | FL | $40,565 | ||
| Alabama Municipal Insurance Corp. | AL | $40,036 | ||
| Lawyers’ Mutual Insurance Co. | CA | $39,996 | ||
| Southern Vanguard Insurance Co. | TX | $39,178 | ||
| Madison Mutual Insurance Co. | IL | $37,398 | ||
| Crusader Insurance Co. | CA | $36,375 | ||
| Care West Insurance Co. | CA | $36,311 | ||
| Discovery Insurance Co. | NC | $35,621 | ||
| Granada Insurance Co. | FL | $34,116 | ||
| American Risk Insurance Co. Inc. | TX | $32,182 | ||
| Bremen Farmers Mutual Insurance Co. | KS | $31,132 | ||
| Farmers Insurance Co. of Flemington | NJ | $30,549 | ||
| Avatar Property & Casualty Insurance Co. | FL | $30,085 | ||
| Carolina Mutual Insurance Inc. | NC | $29,832 | ||
| Center Mutual Insurance Co. | ND | $29,356 | ||
| Idaho Counties Risk Management Program | ID | $28,791 | ||
| Housing and Redevelopment Insurance Exchange | PA | $28,677 | ||
| Florida Specialty Insurance Co. | FL | $27,888 | ||
| Marysville Mutual Insurance Co. | KS | $27,613 | ||
| Responsive Auto Insurance Co. | FL | $26,405 | ||
| League of Wisconsin Municipalities Mutual Insurance | WI | $26,383 | ||
| Direct Auto Insurance Co. | IL | $25,894 | ||
| Nations Insurance Co. | CA | $25,385 | ||
| American Alliance Casualty Co. | IL | $24,788 | ||
| Normandy Insurance Co. Inc. | FL | $24,637 | ||
| Maya Assurance Co. | NY | $24,197 | ||
| West Virginia Mutual Insurance Co. | WV | $23,469 | ||
| Farmers Union Mutual Insurance Co. | MT | $23,353 | ||
| Capitol Insurance Co. | PA | $22,895 | ||
| Texas Lawyers’ Insurance Exchange | TX | $22,495 | ||
| US Lloyds Insurance Co. | TX | $22,416 | ||
| Mt. Morris Mutual Insurance Co. | WI | $21,836 | ||
| Commonwealth Casualty Co. | AZ | $20,835 | ||
| Upland Mutual Insurance Inc. | KS | $20,336 | ||
| Healthcare Professionals Insurance Co. Inc. | NY | $20,191 | ||
| N.C. Grange Mutual Insurance Co. | NC | $20,108 | ||
| First Benefits Insurance Mutual Inc. | NC | $20,033 | ||
| Star & Shield Insurance Exchange | FL | $19,884 | ||
| Conventus Inter-Insurance Exchange | NJ | $19,719 | ||
| Illinois State Bar Association Mutual Insurance Co. | IL | $19,581 | ||
| Manufacturing Technology Mutual Insurance Co. | MI | $19,345 | ||
| Fairmont Farmers Mutual Insurance Co. | MN | $18,878 | ||
| Seven Seas Insurance Co. Inc. | FL | $18,823 | ||
| Northern Mutual Insurance Co. | MI | $18,426 | ||
| Farm Credit System Association Captive Insurance Co. | CO | $17,797 | ||
| Otsego Mutual Fire Insurance Co. | NY | $17,609 | ||
| Farmers Fire Insurance Co. | PA | $17,129 | ||
| Sterling Casualty Insurance Co. | CA | $16,575 | ||
| Harbor Insurance Co. | OK | $15,699 | ||
| Florida Lawyers Mutual Insurance Co. | FL | $15,622 | ||
| Wayne Cooperative Insurance Co. | NY | $15,468 | ||
| Professional Casualty Association | PA | $15,122 | ||
| Leatherstocking Cooperative Insurance Co. | NY | $14,959 | ||
| Kensington Insurance Co. | NY | $14,689 | ||
| Capacity Insurance Co. | FL | $14,659 | ||
| Casualty Corp. of America Inc. | OK | $14,578 | ||
| Building Industry Insurance Association Inc. | VA | $14,166 | ||
| WEA Property & Casualty Insurance Co. | WI | $13,940 | ||
| Michigan Professional Insurance Exchange | MI | $13,923 | ||
| Transit General Insurance Co. | IL | $13,677 | ||
| Cities and Villages Mutual Insurance Co. | WI | $13,623 | ||
| NHRMA Mutual Insurance Co. | IL | $13,602 | ||
| New Jersey Physicians United Reciprocal Exchange | NJ | $13,562 | ||
| Midstate Mutual Insurance Co. | NY | $13,038 | ||
| Medical Alliance Insurance Co. | IL | $12,632 | ||
| Park Insurance Co. | NY | $12,484 | ||
| West Virginia Insurance Co. | WV | $12,303 | ||
| Farmers Mutual Fire Insurance Co. of Marble, Pennsylvania | PA | $12,259 | ||
| Farmers Mutual of Tennessee | TN | $12,137 | ||
| CIFG Assurance North America Inc. | NY | $11,789 | ||
| Mutual of Wausau Insurance Corp. | WI | $11,770 | ||
| Finger Lakes Fire and Casualty Co. | NY | $11,621 | ||
| USPlate Glass Insurance Co. | FL | $11,497 | ||
| Victory Insurance Co. Inc. | MT | $11,384 | ||
| Oklahoma Attorneys Mutual Insurance Co. | OK | $11,143 | ||
| Farmers Mutual Fire Insurance Co. | OK | $11,061 | ||
| USA Insurance Co. | MS | $10,890 | ||
| American Property Insurance Co. | NJ | $10,049 | ||
| Great Falls Insurance Co. | ME | $10,028 | ||
| Union Mutual Insurance Co. | OK | $10,022 | ||
| Kansas Mutual Insurance Co. | KS | $9,987 | ||
| Chautauqua Patrons Insurance Co. | NY | $9,953 | ||
| Associated Mutual Insurance Cooperative | NY | $9,930 | ||
| McMillan-Warner Mutual Insurance Co. | WI | $9,766 | ||
| Seaview Insurance Co. | CA | $9,717 | ||
| Reamstown Mutual Insurance Co. | PA | $9,484 | ||
| Synergy Comp Insurance Co. | PA | $9,062 | ||
| Greenpath Insurance Co. | CA | $8,971 | ||
| Preferred Auto Insurance Co. Inc. | TN | $8,662 | ||
| Halifax Mutual Insurance Co. | NC | $8,565 | ||
| Nazareth Mutual Insurance Co. | PA | $8,500 | ||
| North Country Insurance Co. | NY | $8,468 | ||
| Retailers Insurance Co. | MI | $8,468 | ||
| Texas Hospital Insurance Exchange | TX | $8,394 | ||
| Bell United Insurance Co. | NV | $7,702 | ||
| Ohio Bar Liability Insurance Co. | OH | $7,644 | ||
| Broome Co-operative Insurance Co. | NY | $7,599 | ||
| Agents Mutual Insurance Co. | AR | $7,579 | ||
| Oswego County Mutual Insurance Co. | NY | $7,567 | ||
| Health Care Insurance Reciprocal | MN | $7,567 | ||
| Georgia Dealers Insurance Co. | GA | $7,483 | ||
| Lawyers Mutual Insurance Co. of Kentucky | KY | $7,368 | ||
| German American Farm Mutual | TX | $7,340 | ||
| Coastal Insurance Co. | AL | $7,221 | ||
| Central Co-operative Insurance Co. | NY | $7,049 | ||
| Constitution Insurance Co. | NY | $6,998 | ||
| ARECA Insurance Exchange | AK | $6,854 | ||
| Districts Mutual Insurance | WI | $6,798 | ||
| Dealers Choice Mutual Insurance Inc. | NC | $6,707 | ||
| Alaska Timber Insurance Exchange | AK | $6,697 | ||
| Business Alliance Insurance Co. | CA | $6,552 | ||
| Hartland Mutual Insurance Co. | ND | $6,547 | ||
| MidSouth Mutual Insurance Co. | TN | $6,507 | ||
| Maple Valley Mutual Insurance Co. | WI | $6,490 | ||
| Coastal American Insurance Co. | MS | $6,351 | ||
| First Mutual Insurance Co. | NC | $6,305 | ||
| Bedford Grange Mutual Insurance Co. | PA | $6,303 | ||
| Callicoon Co-operative Insurance Co. | NY | $6,277 | ||
| Farmers Mutual Insurance Co. | WV | $6,149 | ||
| Farmers Mutual Fire Insurance Co. of McCandless Township | PA | $6,131 | ||
| Arrow Mutual Liability Insurance Co. | MA | $6,047 | ||
| SteadPoint Insurance Co. | TN | $6,030 | ||
| Pacific Pioneer Insurance Co. | CA | $5,852 | ||
| United Business Insurance Co. (A Mutual Captive) | GA | $5,849 | ||
| CBIA Comp. Services Inc. | CT | $5,793 | ||
| Paramount Insurance Co. | MD | $5,718 | ||
| Fulmont Mutual Insurance Co. | NY | $5,594 | ||
| Juniata Mutual Insurance Co. | PA | $5,464 | ||
| Wisconsin Lawyers Mutual Insurance Co. | WI | $5,316 | ||
| Genesee Patrons Cooperative Insurance Co. | NY | $5,170 | ||
| Wisconsin Municipal Mutual Insurance Co. | WI | $5,035 | ||
| Mound Prairie Mutual Insurance Co. | MN | $4,888 | ||
| Midrox Insurance Co. | NY | $4,867 | ||
| Delta Lloyds Insurance Co. of Houston Texas | TX | $4,828 | ||
| Ontario Insurance Co. | NY | $4,787 | ||
| Laundry Owners Mutual Liability Insurance Association | PA | $4,768 | ||
| Physicians’ Insurance Program Exchange | PA | $4,736 | ||
| Heartland Mutual Insurance Co. | MN | $4,728 | ||
| Gem State Insurance Co. | ID | $4,692 | ||
| United Frontier Mutual Insurance Co. | NY | $4,676 | ||
| Madison Mutual Insurance Co. | NY | $4,672 | ||
| Briar Creek Mutual Insurance Co. | PA | $4,657 | ||
| Trans City Casualty Insurance Co. | AZ | $4,650 | ||
| Freedom Advantage Insurance Co. | PA | $4,597 | ||
| California Mutual Insurance Co. | CA | $4,535 | ||
| Farmers and Merchants Mutual Fire Insurance Co. | MI | $4,426 | ||
| Sunderland Marine Insurance Co. Limited | AK | $4,418 | ||
| Casualty Underwriters Insurance Co. | UT | $4,321 | ||
| USA Underwriters | MI | $4,321 | ||
| PrimeOne Insurance Co. | MI | $4,290 | ||
| Mount Carroll Mutual Insurance Co. | IL | $4,227 | ||
| Missouri Valley Mutual Insurance Co. | SD | $4,111 | ||
| Little Black Mutual Insurance Co. | WI | $4,106 | ||
| National Direct Insurance Co. | NV | $4,060 | ||
| Great Lakes Mutual Insurance Co. | MI | $4,043 | ||
| Bloomfield Mutual Insurance Co. | MN | $4,013 | ||
| Hay Creek Mutual Insurance Co. | MN | $3,978 | ||
| Farmers Union Mutual Insurance Co. | AR | $3,949 | ||
| Carolina Farmers Mutual Insurance Co. | NC | $3,936 | ||
| Missouri Doctors Mutual Insurance Co. | MO | $3,881 | ||
| Ellington Mutual Insurance Co. | WI | $3,831 | ||
| Petroleum Marketers Management Insurance Co. | IA | $3,820 | ||
| Wilmington Insurance Co. | DE | $3,728 | ||
| Health Care Mutual Captive Insurance Co. | GA | $3,710 | ||
| U.S. Insurance Co. of America | IL | $3,681 | ||
| Vasa-Spring Garden Mutual Insurance Co. | MN | $3,676 | ||
| Pennsylvania Professional Liability Joint Underwriting Association | PA | $3,624 | ||
| Farmers Mutual Insurance Co. | KS | $3,595 | ||
| Doctors Direct Insurance Inc. | IL | $3,474 | ||
| Whitecap Surety Co. | MN | $3,470 | ||
| Alamance Farmers’ Mutual Insurance Co. | NC | $3,436 | ||
| Friends Cove Mutual Insurance Co. | PA | $3,433 | ||
| Spartan Insurance Co. | TX | $3,386 | ||
| Tank Owner Members Insurance Co. | TX | $3,260 | ||
| Pan Handle Farmers Mutual Insurance Co. of West Virginia | WV | $3,206 | ||
| Safe Insurance Co. | WV | $3,156 | ||
| Western Mutual Fire Insurance Co. | MN | $3,109 | ||
| Centre County Mutual Fire Insurance Co. | PA | $3,100 | ||
| National Heritage Insurance Co. | IL | $3,056 | ||
| British American Insurance Co. | TX | $3,001 | ||
| Century Mutual Insurance Co. | NC | $2,984 | ||
| United Casualty and Surety Insurance Co. | MA | $2,913 | ||
| Washington County Co-op Insurance Co. | NY | $2,798 | ||
| Integra Insurance Inc. | MN | $2,761 | ||
| Transit Mutual Insurance Corp. of Wisconsin | WI | $2,749 | ||
| Piedmont Mutual Insurance Co. | NC | $2,685 | ||
| Homestead Mutual Insurance Co. | WI | $2,681 | ||
| Farmers Alliance Mutual Insurance Co. | MI | $2,381 | ||
| Workers Compensation Exchange | ID | $2,366 | ||
| Mower County Farmers Mutual Insurance Co. | MN | $2,361 | ||
| Hannahstown Mutual Insurance Co. | PA | $2,266 | ||
| Mutual Insurance Co. of Lehigh County | PA | $2,163 | ||
| Keystone Mutual Insurance Co. | MO | $2,055 | ||
| Municipal Property Insurance Co. | WI | $2,027 | ||
| Otsego County Patrons Co-Operative Fire Relief Association | NY | $1,771 | ||
| Indiana Old National Insurance Co. | IN | $1,768 | ||
| Woodlands Insurance Co. | TX | $1,719 | ||
| Farmington Mutual Insurance Co. | WI | $1,609 | ||
| Benefit Security Insurance Co. | IL | $1,566 | ||
| Professional Insurance Exchange Mutual Inc. | UT | $1,541 | ||
| MFS Mutual Insurance Co. | IA | $1,499 | ||
| Eagle Point Mutual Insurance Co. | WI | $1,484 | ||
| Wall Rose Mutual Insurance Co. | PA | $1,475 | ||
| Clearfield County Grange Mutual Fire Insurance Co. | PA | $1,422 | ||
| Grange Mutual Fire Insurance Co. | PA | $1,314 | ||
| Yel Co. Insurance | FL | $1,198 | ||
| Farmers & Mechanics Mutual Insurance Association of | ||||
| Cecil County Inc. | MD | $1,175 | ||
| 1st Atlantic Surety Co. | NC | $1,148 |
Topics Carriers Texas Florida Auto Workers' Compensation Excess Surplus New York Agribusiness Property Property Casualty New Jersey Virginia Missouri Casualty Pennsylvania
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