U.S. INSURANCE GROUP
ACE USA (a)
Farmers Mutual Hail Ins Co
RenRe North America
Austin Mutual Insurance Co
Iowa Farm Bureau
American Financial Group
American International Group
XL Capital Ltd.
Country Insurance & Financial
By The Numbers
as of Dec. 31, 2010
Total Premium (Contract Year 2010-11)
Fund Balance (Net Worth)
Projected Claims-Paying Capacity*
E Jack nicholson, coo of Florida’s hurricane fund, told state legislators the fund is
on “shaky ground” and that ongoing turmoil
in the world financial markets is raising questions about whether the fund could borrow
enough money to help insurers after a hurricane, according to the Associated Press.
* Projected claims-paying capacity based on
estimates of borrowing capacity
Source: Florida Hurricane Catastrophe Fund
Sources: Highline Data, Moody’s; Direct-Premiums Written are before cessions to private rein-
surers and to the federal government under the Standard Reinsurance Agreement (SRA).
Notes: (a) ACE acquired the shares of Rain & Hail that it did not already own in December
Market Share (2010)
E as part of its deficit-reduction plan, the Obama administration proposes to further
reduce crop-insurance subsidies, which Moody’s Investors Service says could accelerate a consolidation process in the agricultural-insurance sector that is already long underway. The plan would
reduce crop-insurance subsidies by an estimated $8.3 billion over 10 years.
Current uncontained fires (size of more than 100 acres in timber; 300 acres in lighter fuels, such as grass, or where homes were lost)
Shackelford, Brewster County 3,000
Copper Breaks, Foard County 8,080
Bastrop County Complex,
101 Ranch, Palo Pinto County 6,555
State Farm Group
Automobile Club of MI Group
Auto Owners Group
Hanover Insurance Group
A texas forest service responded to
eight new fires for 3,076 acres on sept. 26.
A from sept. 20-26 the texas forest service
responded to 81 fires over 14,232 acres.
Source: Texas Forest Service figures
E While earlier loss estimates suggested that insured losses from the wildfires in Texas
this year would be around $250 million, Mark Hanna, public-relations manager for the Insurance
Council of Texas, says losses could be twice that amount. He says losses from the Bastrop fire
alone will hit the $250 million mark, making it the costliest fire in Texas history.
J Current law offers unlimited medical care
J Policy covers up to $500,000
J State-sponsored backstop funded by assessments covers medical costs over $500,000
Source: Highline Data
E in an attempt to stabilize Michigan’s no-fault
auto-insurance system, Rep. Pete Lund, R-Shelby
Township, has introduced HB 4936, which would
set up a fee schedule for medical procedures as
well as cap coverage under personal injury at either
$5 million, $1 million, $500,000 or $250,000,
depending on the coverage selected by the insured.