Lessons from the Texas Homeowners Insurance Crisis Bob Puelz ...

Table 1
Texas Homeowners Premiums Written
Proportion of Premiums Proportion of Premiums in
in Regulated Insurers Non-Rate Regulated Insurers
1996 29.98% 70.02%
1997 21.83% 78.17%
1998 15.43% 84.57%
1999 11.34% 88.66%
2000 9.24% 90.76%
2001 5.42% 94.58%
Source: Texas Department of Insurance. The data in Tables 1 and 2 were assembled
from a 2006 request to the TDI for market information that reflected premiums written
for insurer groups by entity type.
Table 2
Proportion of Non-Rate Regulated Group Business
1996 1997 1998 1999 2000 2001
Insurer Group Non-Regulated Non-Regulated Non-Regulated Non-Regulated Non-Regulated Non-Regulated
State Farm 73.56% 90.13% 99.29% 99.17% 99.19% 99.16%
Farmers 85.95% 87.80% 90.03% 92.19% 94.44% 96.13%
Allstate 72.97% 76.81% 81.09% 82.93% 85.62% 93.42%
USAA 71.36% 69.38% 67.35% 65.59% 62.36% 74.38%
Travelers 42.05% 44.62% 60.55% 94.54% 94.39% 96.35%
Nationwide 84.50% 86.56% 88.57% 89.58% 94.92% 97.6%
Safeco 69.84% 79.96% 81.65% 99.64%
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100.00%
100.00%
Chubb 100.00% 100.00% 99.96% 99.90% 99.86% 99.90%
Texas Farm Bureau
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Consolidated
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Source: Texas Department of Insurance