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The Top 20 Boiler & Machinery Insurers in Massachusetts

January 25, 2015 by AC Editor

Agency Checklists, MA Insurance News, Mass. Insurance NewsWith an epic blizzard on the horizon, working boilers and other types of machinery will be of the utmost importance this week. With that in mind, we take a look at the top 20 insurers of Boiler & Machinery in Massachusetts along with a few facts about the size and composition of this market.

 

Fast facts about this line of insurance…

  • A total of 126 companies write Boiler & Machinery in Massachusetts.
  • The total Direct Written Premium for this line of insurance is $29,448,317 dollars.
  • The top 20 insurers have a combined Direct Written Premium of $24,775,789 dollars.
  • This represents an 84.1 % share of the market
  • The remaining 106 companies have Direct Written Premium of $4,672,528 dollars representing a 15.9% share of the marketplace.

 

And the top 20 are…

Company Name State Premium Written in MA Market Share in MA
Factory Mut Ins Co RI $ 7,152,256 24.29%
Federal Ins Co IN $ 2,518,301 8.55%
Affiliated Fm Ins Co RI $ 1,869,774 6.35%
Zurich Amer Ins Co NY $ 1,330,553 4.52%
Continental Cas Co IL $ 1,306,779 4.44%
Travelers Prop Cas Co Of Amer CT $ 1,272,960 4.32%
National Union Fire Ins Co Of Pitts IN $ 1,231,813 4.18%
New Hampshire Ins Co PA $ 1,059,513 3.60%
Hartford Steam Boil Inspec & Ins Co CT $ 947,217 3.22%
Westport Ins Corp MO $ 868,469 2.95%
Liberty Mut Fire Ins Co WI $ 868,259 2.95%
Aspen Amer Ins Co TX $ 706,437 2.40%
Selective Ins Co Of SC IN  $ 620,200 2.11%
American Guar & Liab Ins NY $ 506,408 1.72%
Great Northern Ins Co IN $ 467,381 1.59%
 Travelers Ind Co CT $ 446,778 1.52%
 Vigilant Ins Co NY $ 422,750 1.44%
 Acadia Ins Co NH $ 418,181 1.42%
 Universal Underwriters Ins Co IL $ 385,975 1.31%
 Phoenix Ins Co CT $ 375,785 1.28%

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