Articles by Joseph L. Petrelli

Petrelli is the president and co-founder of Demotech, Inc., a Columbus, Ohio-based financial analysis and actuarial services firm. Visit Demotech.com for additional information.

Top 25 Carriers’ Second Quarter Results Show Improvement in 2010 Versus Second Quarter 2009

Benjamin Franklin once said, “Without continual growth and progress, such words as improvement, achievement and success have no meaning.” In a market that continues to be described as soft, the Top 25 Property/Casualty companies give meaning to the word achievement. …

Top 25 Workers’ Compensation Insurers Show 34% Increase in Premium Growth

Results Based on Premium Growth June 30, 2010, Versus June 30, 2009 Approximately one year ago, I discussed the premium growth reported by insurers with the top 25 gains in workers’ compensation insurance premium volume. As I wrote that article, …

Top 25 Carriers’ First Quarter Results Show Soft Market May Have Finally Hit Bottom

The American psychologist and philosopher William James once said, “Pessimism leads to weakness, optimism to power.” This may be the adage of the Top 25 Property/Casualty companies based upon the dollar amount of direct written premium growth from 2009 to …

Near National P/C Carriers Identified for 2010

The Demotech Company Classification System Shows 62 Carriers Meet Critieria The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007 issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one …

2010 Super Regional P/C Insurers

Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of …

Plug the Agents’ E&O Gap: Protection from Carrier Insolvency

Any producer, agent or broker can be exposed to the insolvency of one of their markets. Carriers providing insurance agents’ errors and omissions insurance (E&O) have developed a variety of responses to the exposure created by insolvency. A review of …

Top 25 Workers’ Comp Insurers Show 36% Increase in Average Direct Premium Written

Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008 As I write this article, the unemployment rate in the United States was reported to be 9.4 percent as of the end of July. Gross Domestic Product (GDP) …

Premium Growth: Top 25 Premium Gainers Q1 2009 Versus Q1 2008

Roy H. Williams is an author and marketing consultant. He is known for his Wizard of Ads trilogy. He founded the Wizard Academy Institute. Although he is credited with saying “Consequently, a young business often grows by large percentages. Mature …

Taking Care of Business

Leading Near National P/C Carriers Revealed The original criteria and objective definition for the Near National Property/Casualty Carriers was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11 …

Premium Growth: Top 25 Premium Gainers in 2008 Versus 2007

What is the impetus for growth? Why do some insurers emphasize growth and others do not? In his Sept. 25, 1961, address to the United Nations, President John F. Kennedy described conformity as “the enemy of growth.” This implies that …