Florida OIR Issues Fast Facts Report

According to Fast Facts 2010 issued today by the Florida Office of Insurance Regulation, the office regulated almost 4,000 insurance entities during its fiscal year ending June 30, 2010. The report shows 828 Life & Health insurers, 1,448 Property & Casualty insurers, 1,524 writers of Specialty and Other Entities, and 172 Surplus Lines companies. Together, these markets accounted for $110.3 billion in total written premium as of Dec. 31, 2009. The Fast Facts report includes listings of the top 20 writers in residential homeowners property insurance, personal auto, life and annuity, and accident and health. The report also lists global premium information compiled by the Insurance Information Institute. The list, which includes P&C, Life, and some Health premiums, shows the United States as number one in premium dollars, with almost twice the volume as the next-closest country, Japan (U.S. at $1,1239.8 billion in premium; Japan at $506.0 billion.) Within the same listing, Florida is ranked 15 for the targeted lines of coverage.