The insurance industry is abuzz following Hurricane Harvey's arrival in Texas.
Extreme rain and winds have left many parts of Texas ravaged, while others are dealing with floods as the hurricane has stalled.
Once all the extreme weather has died down for good, insurers can expect to have their hands full. Auto insurers, especially, can expect a multitude of claims after hundreds — if not thousands — of cars were forcibly abandoned and subsequently flooded.
Certain insurers have a greater market share in Texas than others. Here are the top 10 insurers of private passenger auto insurance in Texas by direct premiums written in 2016, according to the Insurance Information Institute.
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10. Consolidated Lloyds Insurance Group
Direct premiums written ($000): $455,707
Market share: 2.4%
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9. Nationwide Mutual Group
Direct premiums written ($000): $499,951
Market share: 2.6%
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8. Texas Farm Bureau
Direct premiums written ($000): $672,772
Market share: 3.5%
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7. Liberty Mutual
Direct premiums written ($000): $882,228
Market share: 4.6%
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6. USAA Insurance Group
Direct premiums written ($000): $1,500,366
Market share: 7.8%
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5. Progressive Corp.
Direct premiums written ($000): $1,678,250
Market share: 8.8%
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4. Farmers Insurance Group of Cos.
Direct premiums written ($000): $1,821,807
Market share: 9.5%
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3. Berkshire Hathaway Inc.
Direct premiums written ($000): $2,127,633
Market share: 11.1%
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2. Allstate Corp.
Direct premiums written ($000): $2,181,503
Market share: 11.4%
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1. State Farm Mutual Automobile Insurance
Direct premiums written ($000): $3,395,165
Market share: 17.7%
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