Largest home insurance companies The biggest home insurance companies top the list by a wide margin. After the top 10, each remaining insurer makes up less than 2 percent of the market. Based on North American market share data from the National Association of Insurance Commissioners (NAIC), th...
To get a gauge of policyholder’s satisfaction with an insurer, you can also look to theNational Association of Insurance Commissioners (NAIC), which routinely studies complaints filed about different insurance companies. NAIC complaints are reflected in the organization's complaint index. This index ...
The NAIC's research has shown that while some types of discrimination have ebbed, new concerns have arisen. Insurance Commissioner of Connecticut Andrew N. Mais noted the importance of this research in uncovering practices such as the use of big-data, algorithmic-based underwriting models (proxy d...
2 The dividend interest rate of 5.75% was among the highest of the companies we reviewed. Penn Mutual has an excellent NAIC index, indicating that customers have made few complaints relative to the company's size. But if you want to shop for life insurance online, Penn Mutual doesn't ...
According to the National Association of Insurance Commissioners (NAIC), Farmers received a third of the number of complaints of other home insurance companies of its size. The Better Business Bureau gave Farmers an F rating, citing outstanding complaints. Farmers received a financial strength rating...
From a consumer's point of view, it is impossible to overrate the good work that the NAIC has been doing on behalf of the public. Increased transparency equates to a sharply reduced chance of insurance companies engaging in "insider practices" and other questionable activities that artificially...
Insurance companies also consider their operating expenses when establishing a base rate. The more it spends maintaining its business, the more they charge the policyholders. Rates also vary from state to state, although the NAIC is working to get laws adopted that would create more consistency na...
CompaniesMarried 60-year-old Female Annual RateMarried 60-year-old Male Annual RateMarried 35-year-old Female Annual RateMarried 35-year-old Male Annual RateSingle 25-year-old Female Annual RateSingle 25-year-old Male Annual RateSingle 17-year-old Female Annual RateSingle 17-year-old Male Ann...
NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (includi...
"; break; case 8: echo "One of the most obscure auto insurance terms are NAIC insurance codes.Code 903is one of many that puzzle drivers as they try to decipher some words in their insurance policy."; break; case 9: echo "The Lone Star states have s...