Monday, September 28, 2020
Home Insurance NHC: Tropical Storm Sally Strengthens to Hurricane

NHC: Tropical Storm Sally Strengthens to Hurricane

Louisiana and Mississippi residents had been below evacuation orders on Monday as former Tropical Storm Sally strengthened to a hurricane standing and churned throughout the Gulf of Mexico, the U.S. National Hurricane Center stated.

The second storm in lower than a month to threaten the area, Sally was upgraded to hurricane standing within the NHC’s 11:30 am CDT public advisory. It was headed towards a slow-motion landfall on the U.S. Gulf Coast, with most sustained winds of 90 miles per hour (137 km/h), the middle stated. Residents from Louisiana to Florida had been instructed to count on heavy rains and excessive winds.

Mississippi and Louisiana issued necessary evacuation orders to residents of low-lying areas, and Louisiana Governor John Bel Edwards appealed for a federal catastrophe declaration and suggested individuals residing in Sally’s path to flee.

Residents of southwest Louisiana are nonetheless clearing particles and tens of 1000’s of houses are with out energy after Hurricane Laura left a path of destruction.

The U.S. Coast Guard was limiting site visitors from port of New Orleans due to the storm and power corporations scrambled to pull employees from offshore oil and gasoline manufacturing platforms.

Chevron Corp, Equinor and Murphy Oil Corp shut in wells as a precaution, and refiner Phillips 66 halted processing at its Alliance refinery on the Louisiana coast. Royal Dutch Shell Plc minimize manufacturing to minimal charges at its Norco, Louisiana, refinery

Sally is the fourth storm this 12 months to have an effect on manufacturing within the Gulf and the 18th named storm within the Atlantic.

At 7 a.m. CDT, Sally was 115 miles southeast of the mouth of the Mississippi River, packing winds of 65 miles per hour, in accordance to the NHC.

It warned the storm’s advance would sluggish within the subsequent two days, dumping 8- to 16-inches (20-40 cm) on the coast and inflicting widespread river flooding.

(Reporting by Jennifer Hiller and Gary McWilliams; Editing by Steve Orlofsky)

Property Insurer Market Share Data from AM Best:
Data Year: 2019
State/Territory: Louisiana
Line of Business: Homeowners Mult Peril
Source: AM Best
Direct Market
Overall Premiums Share
Rank Written (DPW)
(DPW) Company Name ($000) (%)
1 State Farm Group 509,075 25.96
2 Allstate Insurance Group 212,629 10.84
3 USAA Group 121,149 6.18
4 Liberty Mutual Insurance Companies 109,098 5.56
5 Louisiana Farm Bureau Mutual Ins Co 92,586 4.72
6 United Insurance Group 78,799 4.02
7 FedNat Insurance Group 75,778 3.86
8 Progressive Insurance Group 75,518 3.85
9 Lighthouse Insurance Group 60,209 3.07
10 GeoVera U.S. Insurance Group 35,643 1.82
11 Farmers Insurance Group 34,773 1.77
12 Shelter Insurance Companies 33,870 1.73
13 Centauri Insurance Group 30,653 1.56
14 Chubb INA Group 30,394 1.55
15 Assurant P&C Group 27,767 1.42
16 Munich-American Holding Corp Companies 25,862 1.32
17 Southern Fidelity Insurance Company 24,946 1.27
18 American National Prop & Cas Group 23,802 1.21
19 American International Group 22,299 1.14
20 Tokio Marine US PC Group 21,662 1.10
21 Americas Insurance Group 20,925 1.07
22 AmTrust Group 18,093 0.92
23 Allied Trust Insurance Company 17,946 0.92
24 Gulfstream Insurance Group 17,692 0.90
25 Access Home Insurance Company 17,418 0.89
26 IAT Insurance Group 16,947 0.86
27 MetLife Auto & Home Group 16,905 0.86
28 National General Companies 16,170 0.82
29 Capitol Preferred Insurance Co, Inc. 14,476 0.74
30 Bankers Financial Group 13,592 0.69
Selection Total 1,816,676 92.65
Total US PC Industry (Louisiana) 1,960,741 100.00
Data Year: 2019
State/Territory: Louisiana
Line of Business: Private Flood
Source: AM Best
Direct Market
Overall Premiums Share
Rank Written (DPW)
(DPW) Company Name ($000) (%)
1 Assurant P&C Group 3,737 25.48
2 Arch Insurance Group 2,392 16.31
3 Zurich Insurance US PC Group 2,080 14.18
4 Swiss Reinsurance Group 1,626 11.09
5 American International Group 990 6.75
6 Liberty Mutual Insurance Companies 889 6.06
7 Alleghany Corporation Group 781 5.33
8 National General Companies 628 4.28
9 XL Reinsurance America Group 469 3.20
10 Allianz US PC Insurance Companies 399 2.72
11 Berkshire Hathaway Insurance Group 379 2.59
12 Bankers Financial Group 184 1.25
13 Progressive Insurance Group 88 0.60
14 Nationwide Group 7 0.04
15 Hartford Insurance Group 6 0.04
16 Hanover Ins Group Prop & Cas Cos 4 0.03
17 CNA Insurance Companies 2 0.02
18 Tokio Marine US PC Group 2 0.01
19 Trisura US Insurance Group 2 0.01
20 Fairfax Financial (USA) Group 1 0.01
Selection Total 14,666 100.01
Total US PC Industry (Louisiana) 14,665 100.00
Data Year: 2019
State/Territory: Louisiana
Line of Business: Federal Flood
Source: AM Best
Direct Market
Overall Premiums Share
Rank Written (DPW)
(DPW) Company Name ($000) (%)
1 Wright National Flood Insurance Company 86,139 33.97
2 Allstate Insurance Group 35,550 14.02
3 Assurant P&C Group 29,503 11.63
4 National General Companies 21,511 8.48
5 Selective Insurance Group 12,964 5.11
6 Southern Farm Bureau Casualty Group 11,942 4.71
7 USAA Group 9,394 3.70
8 Progressive Insurance Group 9,011 3.55
9 Hartford Insurance Group 8,799 3.47
10 Bankers Financial Group 7,642 3.01
11 Liberty Mutual Insurance Companies 5,788 2.28
12 American National Prop & Cas Group 4,733 1.87
13 Centauri Insurance Group 2,414 0.95
14 American Family Insurance Group 1,534 0.60
15 Farmers Insurance Group 1,451 0.57
16 IAT Insurance Group 1,378 0.54
17 United Insurance Group 1,303 0.51
18 Gulfstream Insurance Group 745 0.29
19 Tokio Marine US PC Group 485 0.19
20 MetLife Auto & Home Group 419 0.17
21 Southern Fidelity Insurance Company 286 0.11
22 QBE North America Insurance Group 219 0.09
23 Trisura US Insurance Group 132 0.05
24 Westfield Group 99 0.04
25 Capitol Preferred Insurance Co, Inc. 91 0.04
26 First American PC Companies 63 0.02
27 Conifer Insurance Group 48 0.02
28 American Capital Assurance Corp 29 0.01
Selection Total 253,672 100.03
Total US PC Industry (Louisiana) 253,593 100.00
Data Year: 2019
State/Territory: Louisiana
Line of Business: Commercial Multi-Peril (Non-Liability)
Source: AM Best
Direct Market
Overall Premiums Share
Rank Written (DPW)
(DPW) Company Name ($000) (%)
1 State Farm Group 45,994 12.56
2 Chubb INA Group 25,364 6.92
3 American International Group 24,509 6.69
4 Liberty Mutual Insurance Companies 22,090 6.03
5 Nationwide Group 21,879 5.97
6 Travelers Group 21,135 5.77
7 Markel Corporation Group 17,889 4.88
8 GuideOne Insurance Companies 17,233 4.70
9 Allianz US PC Insurance Companies 15,041 4.11
10 Zurich Insurance US PC Group 13,947 3.81
11 Church Mutual Insurance Group 13,187 3.60
12 CNA Insurance Companies 12,607 3.44
13 Hartford Insurance Group 10,683 2.92
14 Berkshire Hathaway Insurance Group 8,156 2.23
15 Munich-American Holding Corp Companies 7,663 2.09
16 AmTrust Group 7,295 1.99
17 Bankers Financial Group 6,498 1.77
18 Hanover Ins Group Prop & Cas Cos 6,304 1.72
19 Allstate Insurance Group 4,666 1.27
20 National General Companies 4,502 1.23
21 Tokio Marine US PC Group 4,419 1.21
22 American Capital Assurance Corp 3,750 1.02
23 Argo Group 3,167 0.86
24 Great American P & C Insurance Group 3,099 0.85
25 IAT Insurance Group 2,955 0.81
26 FCCI Insurance Group 2,750 0.75
27 FM Global Group 2,637 0.72
28 EMC Insurance Companies 2,635 0.72
29 Global Indemnity Group 2,367 0.65
30 MS&AD US Insurance Group 2,270 0.62
Selection Total 336,691 91.91
Total US PC Industry (Louisiana) 366,322 100.00

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