Auto insurance - 1991

Article Abstract:

Automobile direct premiums written in 1991 increased to $102.7 billion, a 5% gain over 1990. Nevertheless, this figure means that the line's growth rate has declined for the fifth straight year. Compared to total premiums written in the property-casualty business, the auto line has increased, jumping from 40.7% of total premiums in 1986 to 44.7% in 1991. The line's loss ratio has also improved, declining from 73.2 to 68.5. Direct writers accounted for most premium growth, at 9.7%, while national agency writers posted a 4.8% loss.

Statistics, Market share, Automobile insurance

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Lasting storm damage

Article Abstract:

Huge insurance losses due to 1992 natural disasters such as Hurricane Andrew have caused insurance companies to cancel or not renew property insurance in North Carolina, Florida, Louisiana and other coastal areas. Such insurance is now expensive and difficult to find because the number of companies offering it has dwindled. In some areas, state and federal underwriting programs are stepping in to fill the gap. In addition, loss-mitigation programs that enforce high building codes will also help broaden the insurance market.

Management, Economic aspects, Disasters

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The top 250

Article Abstract:

A list of the top 250 property/casualty insurance companies in 1991, ranked by net premiums written, is presented. The top writer was State Farm Group, with nearly $26.5 billion in premiums written. Overall, the average premium growth rate for the top 250 was only 2.4%. An analysis of product-line premiums is also given.

Prices and rates

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