JUPITER, Florida (May 31, 2011) — USAA and Travelers Indemnity are among the nation’s strongest property and casualty insurers with assets of $15 billion and greater, according to the latest quarterly review of property and casualty insurers by Weiss Ratings, the nation’s leading independent provider of bank, credit union and insurance company ratings. Meanwhile, Nuclear Electric and State Farm Florida are among the largest insurers considered weak based on December 31, 2010 data.
Weiss Ratings covers 1,595 property and casualty insurers, assigning a Financial Strength Rating from A+ (“Excellent”) to E- (“Very Weak”) to each based on capitalization, investment safety, profitability, liquidity, stability and other factors. Weiss found that 92, or 6%, of all property and casualty insurers are considered strong, receiving a rating of B+ (“Good”) and higher, while 21%, or 338, insurers are considered weak, receiving a rating of D+ (“Weak”) or lower.
Large property and casualty insurers on Weiss Ratings’ Strongest List (with a Weiss Financial Strength Rating of B+ or higher) include:
In contrast, large property and casualty insurers on the Weakest List (with a Weiss Financial Strength Rating of D+ or lower) include:
To view Weiss Ratings’ free list of the strongest and weakest homeowners, auto or business insurance companies, consumers should visit www.weissratings.com/pclists.
About Weiss Ratings
Weiss Ratings, the nation’s leading independent provider of bank, credit union and insurance company financial strength ratings and sovereign debt ratings, accepts no payments for its ratings from rated institutions. It also distributes independent investment ratings on the shares of thousands of publicly traded companies, mutual funds, closed-end funds and ETFs.