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During the last year, there was a significant surge in auto insurance shopping activity among insureds who were financially impacted by the pandemic.
Opposition to the Canadian oil sands led to efforts to protect insurers facing pressure to drop coverage of the pipeline.
Among other things, these companies distinguished themselves by caring for employees through the trials of the COVID-19 pandemic.
The NAIC ranks the insurers that achieved the most direct written premiums last year for D&O, environmental liability, liquor liability, and more.
The top commercial auto insurance writers reported more than $45 billion in direct premiums written in 2020.
All told, the top private passenger auto insurance carriers reported $249.50 billion in direct premiums written in 2020.
The overall market showed slight contractions from the year prior based on premiums written and earned in 2020.
The NAIC's annual market data report reveals the industry wrote $108B in homeowners multi-peril coverage in 2020.
The world's second-largest reinsurer recently released new specifics on how it plans to cut its net emissions to zero by 2050.
Investors new to this space would be well served to partner with an expert who can help them navigate the landscape.
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