Largest Writers of Flood Insurance in Texas

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Sep 05, 2017, 15:38 ET

COLUMBUS, Ohio, Sept. 5, 2017 /PRNewswire/ -- As Texans respond to the havoc and destruction caused directly or indirectly by Hurricane Harvey, the benefits available from flood insurance will be an important component of reparations. Demotech has determined that based upon public information filed with the National Association of Insurance Commissioners, i.e., direct written premium reported at year-end 2016, 000 omitted, the thirty largest writers of flood insurance in the State of Texas were:

Wright National Flood Ins Co.	80,166
Texas Farmers Insurance Co.	41,969
American Bankers Ins Co. of FL	40,720
Allstate Insurance Co.	35,727
USAA General Indemnity Co.	20,650
Hartford Ins Co. of the MW	13,742
ASI Lloyds	12,847
Nationwide Mutual Insurance Co	6,112
Liberty Mutual Fire Ins Co.	5,314
Selective Ins Co. of the SE	5,154
Integon National Insurance Co.	4,564
Nationwide Mutual Fire Ins Co	4,459
National Lloyds Insurance Co.	4,104
Philadelphia Indemnity Ins Co.	3,790
American National P&C Co.	2,710
Homesite Lloyd's of Texas	2,461
Foremost Ins Co. Grand Rapids	1,935
Universal North America Ins Co	1,303
Hartford Underwriters Ins Co.	1,202
Metropolitan P&C Insurance Co.	936
Bankers Insurance Co.	933
Privilege Underwriters Reciprocal	681
United P&C Insurance Co.	601
QBE Insurance Corp.	485
New Hampshire Insurance Co.	429
Westfield Insurance Co.	419
Service Insurance Co (FL)	371
Centauri Specialty Ins Co.	319
Occidental F&C Co. of NC	182
Century-National Insurance Co.	148

About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in determining the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by providing accurate and proven Financial Stability Ratings^® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of the financial stability of an insurance company and provides an objective baseline into the future solvency of a company. It is Demotech's philosophy is to view an insurer as a functional entity, based on sound business practices and expertise rather than financial size. Demotech's philosophy was the catalyst underlying the Demotech Company Classification System utilized to identify carriers by the business strategy underlying the implementation of their operations rather than categorizing carriers based upon size. Visit www.demotech.com for more information.

SOURCE Demotech, Inc.