Report: Texas has large market, but "average" number of insurers

01/15/2013 | Insurance Journal

Texas' insurance market ranks 12th globally based on premium volume, but it has an "average" number of insurers domiciled there, many of them small and medium-sized carriers, a report from the state Insurance Department says. Other states "retain a greater number of domestic insurers in relation to the size of their insurance markets and serve as the home to a disproportionately higher number of large insurance companies," the department says.

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