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.
Valero Port Arthur Refinery Has Fire at Diesel Hydrotreater 
The Luxury Life of British Expats in Dubai Faces a Reality Check 
AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms 
Former Farmers Agent Sued by Insurer Over Sharing Confidential Data 
