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For decades, the National Flood Insurance Program (NFIP) was about the only place you could go to get flood insurance. That’s rapidly changing. In 2021 there were 5.7 million homes that had some form of flood insurance attached to the property.
Of that number, 4.3 million are considered to be in very serious risk.
The number of premiums written by private insurers — says the Insurance Information Institute (I.I.I. and also known as the Triple I) — is on the increase. Here are the numbers:
1. Zurich Insurance Group Direct written premium: $168,788,000 Market share: 16%
2. AIG Direct written premium: $156,871,000 Market share: 14.9%
3. Assurant Direct written premium: $107,151,000 Market share: 10.2%
4. AXA Direct written premium: $71,163,000 Market share: 6.8%
5. Swiss Re Direct written premium: $60,763,000 Market share: 5.8%
6. Liberty Mutual Direct written premium: $59,941,000 Market share: 5.7%
7. Berkshire Hathaway Direct written premium: $52,113,000 Market share: 5%
8. Arch Capital Group Direct written premium: $48,821,000 Market share: 4.7%
9. Chubb Direct written premium: $44,221,000 Market share: 4.2%
10. Allstate Direct written premium: $33,664,000 Market share: 3.2%
Source link: PropertyCasualty360.com — https://bit.ly/3UDlTG1 |
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