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Article: Property/casualty insurers: ranked by 2007 statewide property/casualty premiums written.(THE LIST)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 4, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. 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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EXECUTIVE SUMMARY
THE 25 largest property and casualty insurers in California accounted for 74 percent of the premium volume written statewide in 2007. The premiums written by those firms were valued at $46.2 billion, down $1.2 billion from the previous year. It's the third consecutive year of decline in the total value of premiums written by the largest insurers.
The top three companies held their respective positions with American International Group Inc. remaining the largest property/casualty insurer in the state. No. 4 Allstate Insurance Group moved up one spot with $3 billion in premiums written.
No. 5 State Compensation Insurance Fund ...