Insurance Operations - Results Summary

To assure competitive, viable, ethical and lawful insurance is available to Alaskans.

End Result A: Insurance companies and persons transacting insurance comply with Alaska laws and are financially solvent.

	No domestic insurance companies became insolvent during FY2009.
	69% of the investigations approved by the Director, were completed within one year, not meeting the target of 75%.

End Result B: Competitive, up-to-date insurance products are available to Alaskan consumers.

	Target of no more then 65% of the Property and Casualty market shared by the top 5 insurers was met. Only 36.4% of the market was captured by the top five insurers.
	66.9% of policy form filings completed in 30 days in FY2009, which did not met the target of 80%.

Current as of Oct 28 2009 11:00:58