|
05.03.2020 23:53:00
|
Which insurers might pay for the tornado damage in Nashville?
COLUMBUS, Ohio, March 5, 2020 /PRNewswire/ -- In the early hours of Tuesday morning, tornadoes in Nashville took at least two dozen lives and destroyed homes and businesses across four counties. Initial estimates put the damage to the airport alone at nearly $100 million. Will this tragedy cause distress to any insurers writing homeowners or commercial multi-peril in Tennessee?
"Carriers writing homeowners or commercial multi-peril insurance are paid to step up when tornadoes strike. Our review of the top twenty-five insurers in Tennessee writing each line of insurance leads Demotech to believe that meritorious claims associated with the damage and destruction to homes and buildings will be settled professional and promptly," says Joseph L. Petrelli, President, Demotech. Inc. "We extend our condolences to the families and friends of those who lost their lives on March 3rd."
In 2018, companies wrote $2.1 billion of homeowners direct premium in Tennessee and $509 million of commercial multi-peril (non-liability) direct premium in Tennessee. Using data reported to the NAIC and collected from SPGlobal, the top 25 writers of homeowners and commercial multi-peril (non-liability) in the state of Tennessee for year-end 2018 are listed below.
2018 Tennessee Homeowners DPW | ||
Company | ($000 omitted) | |
1. | State Farm Fire and Casualty Company | 500,004 |
2. | Tennessee Farmers Mutual Insurance Company | 409,915 |
3. | Liberty Insurance Corporation | 75,795 |
4. | Erie Insurance Company | 73,741 |
5. | Allstate Vehicle and Property Insurance Company | 67,321 |
6. | United Services Automobile Association | 65,633 |
7. | Safeco Insurance Company of America | 57,319 |
8. | Travelers Personal Security Insurance Company | 44,134 |
9. | Auto-Owners Insurance Company | 43,899 |
10. | USAA Casualty Insurance Company | 37,399 |
11. | Allstate Insurance Company | 28,203 |
12. | Farmers Insurance Exchange | 27,882 |
13. | American Strategic Insurance Corp. | 25,891 |
14. | Truck Insurance Exchange | 25,024 |
15. | Shelter Mutual Insurance Company | 24,642 |
16. | Allstate Property and Casualty Insurance Company | 24,402 |
17. | Cincinnati Insurance Company | 23,124 |
18. | Metropolitan Property and Casualty Insurance Company | 22,911 |
19. | USAA General Indemnity Company | 22,470 |
20. | Allstate Indemnity Company | 21,115 |
21. | American Bankers Insurance Company of Florida | 20,149 |
22. | Nationwide Property & Casualty Insurance Company | 18,243 |
23. | Standard Fire Insurance Company | 16,413 |
24. | Foremost Insurance Company Grand Rapids, Michigan | 16,188 |
25. | Nationwide General Insurance Company | 15,930 |
2018 Tennessee Commercial Multi-Peril (non-liability) DPW | ||
Company | ($000 omitted) | |
1. | Erie Insurance Exchange | 37,016 |
2. | Cincinnati Insurance Company | 27,277 |
3. | State Farm Fire and Casualty Company | 21,769 |
4. | Owners Insurance Company | 18,758 |
5. | Philadelphia Indemnity Insurance Company | 12,640 |
6. | Tennessee Farmers Mutual Insurance Company | 12,589 |
7. | Auto-Owners Insurance Company | 11,456 |
8. | Westfield Insurance Company | 11,385 |
9. | Brotherhood Mutual Insurance Company | 11,161 |
10. | Church Mutual Insurance Company S.I. | 9,788 |
11. | Federal Insurance Company | 9,559 |
12. | Hartford Fire Insurance Company | 9,017 |
13. | ACE American Insurance Company | 8,857 |
14. | Ohio Security Insurance Company | 8,413 |
15. | Grange Insurance Company | 7,712 |
16. | Allstate Indemnity Company | 7,282 |
17. | Charter Oak Fire Insurance Company | 6,622 |
18. | Sentinel Insurance Company, Ltd. | 6,544 |
19. | Nationwide Mutual Insurance Company | 6,532 |
20. | Mid-Century Insurance Company | 6,444 |
21. | State Auto Property & Casualty Insurance Company | 6,319 |
22. | Travelers Property Casualty Company of America | 6,123 |
23. | Berkshire Hathaway Homestate Insurance Company | 5,769 |
24. | Hanover American Insurance Company | 5,703 |
25. | Twin City Fire Insurance Company | 5,146 |
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.
View original content to download multimedia:http://www.prnewswire.com/news-releases/which-insurers-might-pay-for-the-tornado-damage-in-nashville-301018734.html
SOURCE Demotech, Inc.
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten
ETF-Sparplan
Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.