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Article: Movin' on up: some of the nation's largest homeowners insurers are gaining on or passing their competitors in market rank.(Property/Casualty)
- Article from:
- Best's Review
- Article date:
- November 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Key Points
* Allstate, the second-largest homeowners insurer, picked up nearly a full percentage point in market share in 2005 while scaling back its homeowners business in high-risk states.
* The top 25 largest writers of homeowners business include two newcomers: California State Auto Group and Tower Hill Group.
* Two of the top 15 players--Auto-Owners Insurance Group and MetLife Auto & Home Group--advanced one rank each, even though both had decreased percentage shares of the market when compared with 2004 figures.
Despite an unprecedented windstorm season and insurers' attempts to scale back operations in storm-prone areas, the ...