Allstate and Travelers, according to Morgan Stanley's Gregory Locraft, were the most exposed to Hurricane Earl's losses because they do most of the underwriting for both residential and commercial insurance in the state. Allstate owns about 7.5% of the marketshare and Travelers owns about 4.6%. Nationwide, State Farm and NC Farm Bureau are the top three underwriters in the state.
And according to the Insurance Information Institute (I.I.I.), the leading writers of commercial property and casualty insurance are American International Group( AIG), with 7% of the marketshare; Travelers(TRV), with 6.9% of the market, Liberty Mutual, with 5.9% of the market and Zurich Financial, with 4.5% of the market.