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Weiss: Eight Insurers Command 73 Percent of Homeowners Market in Mid-Atlantic

According to a recent analysis by Weiss Ratings, Inc., eight large property and casualty insurers are exposed to 72.2 percent of the homeowners insurance risk...
November 25, 2003

According to a recent analysis by Weiss Ratings, Inc., eight large property and casualty insurers are exposed to 72.2 percent of the homeowners insurance risk in the mid-Atlantic region. Weiss said the figures demonstrate how concentrated the homeowners insurance market is today. "With just a handful of companies dominating the market, insurers are at an increased risk in the event of a hurricane or any catastrophic event, while consumers face fewer choices amidst rising premiums," said Weiss Vice President Melissa Gannon. More

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