A lot can be said about the financial stability of an insurance company. Some insurance companies can easily become insolvent like the Nevada Health COOP.
State Farm Insurance has maintain being number one for both 2015 and 2016 with an annual written premium of $62M.
Berkshire Hathaway Insurance has maintain the number two position for both 2015 and 2016 with an annual written premium of $39M.
Allstate Insurance Company has mantain its number three position for both 2015 and 2016 with an annual written premium of $30M.
Progressive Insurance Company has improved its financial condition from 2015 to 2016. The annual written premium from Progressive is $23M. This is 12.7% increase from 2015. However the financial position is number 5 in 2016 up from 6 in 2015.
Travelers Insurance Company has increased its number from 5 to 6. In 2016 Travelers is number 6 with an annual written premium volume of $23M, a 4.3% increase.
Lastly, Nationwide has maintained its number 7 position for both 2015 and 2016. The annual written premium is $19M, Nationwide has made a 1.7% premium increase.
Why is this important? This information provides the consumer an overview of a company's promise to deliver on the promise. In addition companies with small premium increases year after year are likely to have higher than normal premium rates.
When your home and auto insurance policies are do for renewal take a few moments to contact an independent insurance agent who is able to shop, compare, and purchase the best coverage for your needs.
State Farm Insurance has maintain being number one for both 2015 and 2016 with an annual written premium of $62M.
Berkshire Hathaway Insurance has maintain the number two position for both 2015 and 2016 with an annual written premium of $39M.
Allstate Insurance Company has mantain its number three position for both 2015 and 2016 with an annual written premium of $30M.
Progressive Insurance Company has improved its financial condition from 2015 to 2016. The annual written premium from Progressive is $23M. This is 12.7% increase from 2015. However the financial position is number 5 in 2016 up from 6 in 2015.
Travelers Insurance Company has increased its number from 5 to 6. In 2016 Travelers is number 6 with an annual written premium volume of $23M, a 4.3% increase.
Lastly, Nationwide has maintained its number 7 position for both 2015 and 2016. The annual written premium is $19M, Nationwide has made a 1.7% premium increase.
Why is this important? This information provides the consumer an overview of a company's promise to deliver on the promise. In addition companies with small premium increases year after year are likely to have higher than normal premium rates.
When your home and auto insurance policies are do for renewal take a few moments to contact an independent insurance agent who is able to shop, compare, and purchase the best coverage for your needs.
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