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.
Topics AM Best Property Casualty Market
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines 
Son of Ponzi-Accused Georgia Building & Loan Founder Now an Insurance Agent 
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges 
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim 
