Property/Casualty State Specialists Insurers

The late Speaker of the House of Representatives “Tip” O’Neill once said, “All politics is local.” To paraphrase, all insurance is local. This is why a large number of state specialists thrive in the property and casualty insurance marketplace. As the Feb. 12, 2007 issue of Insurance Journal featured Super Regional P/C Insurers™, this issue focuses on State Specialists.

To be categorized as a State Specialist, a carrier must be an individual, active company reporting data to the National Association of Insurance Commissioners using the property and casualty annual statement format at Dec. 31, 2006. In addition, the carrier must write at least $1 million in direct written premium at Dec. 31, 2006, with 90 percent or more in one state and cannot be a surplus lines company, risk retention group or reinsurance company.

In total, 858 companies were categorized as State Specialists. This is nearly one-third of the more than 2,700 companies reporting Dec. 31, 2006, data. This group wrote approximately 15 percent of the comparable direct written premium.

Space limitations precluded an enumeration of each of the 858 State Specialists. Accordingly, the accompanying chart has been dedicated to those State Specialists not affiliated with a group. A full list is available by contacting jpetrelli@demotech.com.