Top 15 Earthquake Insurance Companies

August 21, 2019

Earthquake coverage is available mostly from private insurance companies. In California homeowners can also get coverage from the California Earthquake Authority (CEA), a privately funded, publicly managed organization. Only about 10 percent of California residents currently have earthquake coverage, down from about 30 percent in 1996, two years after the Northridge, California, earthquake.

According to the Insurance Information Institute, just 8% of homeowners responding to a May 2016 poll said they have earthquake insurance. Homeowners in the West were most likely to have earthquake insurance with 14 percent saying they had the coverage followed by the Midwest at 7 percent; and the South and Northeast at 6 percent.

Here is a list of the top insurance companies writing earthquake coverage provided by Insurance Journal’s research partner Demotech Inc.

Rank Company/Group 2018 Earthquake
DPW Market ($000s)
Share
1 California Earthquake Authority $774,296 23.8%
2 State Farm Group $268,092 8.2%
3 Zurich Insurance Group $225,717 6.9%
4 Chubb Ltd. Group $157,018 4.8%
5 American International Group $133,495 4.1%
6 Travelers Group $127,366 3.9%
7 GeoVera Holdings Inc. Group $104,634 3.2%
8 Palomar Specialty Insurance Co. $92,980 2.9%
9 Liberty Mutual Group $82,584 2.5%
10 AXA Insurance Group $75,591 2.3%
11 Sompo Group $70,565 2.2%
12 Berkshire Hathaway Group $69,614 2.1%
13 USAA Group $60,577 1.9%
14 Markel Corp. Group $59,724 1.8%
15 Swiss Re Group $59,612 1.8%
Top 15 Companies/Groups $2,361,867 72.7%
TOTAL ALL Companies $3,250,302 100.0%

Topics California Catastrophe Carriers Natural Disasters

Was this article valuable?

Here are more articles you may enjoy.

Latest Comments

  • June 10, 2021 at 6:48 pm
    David says:
    Where can consumers find which companies actually pay out better than others?
  • August 22, 2019 at 7:39 am
    CL PM says:
    And how would you do it differently if it was your capital on the line?
  • August 21, 2019 at 5:42 pm
    Retired Agent says:
    I am in the New Madrid earthquake zone. My personal coverage is with a national independent agency company. Coverage A 600k. I carry a $2,500 ded with an EQ ded of 15% includi... read more

Add a CommentSee All Comments (6)Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features