NAICS UNIVERSITY · Free research for insurance agents
Direct Property and Casualty Insurance Carriers
NAICS 524126 · United States · 2022 edition
This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) insurance policies that protect policyholders against losses that may occur as a result of property damage or liability.
Start with the work promised to the client.
For Direct Property and Casualty Insurance Carriers, clarify the services, contracts and consequences of an error. Review directors & officers liability, errors & omissions (insurance company professional liability), employment practices liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- What lines of P&C insurance does the carrier actively write, and in how many states?
- Is the carrier currently in active underwriting, run-off, or a hybrid of both?
- Are there any open regulatory investigations, consent orders, or DOI actions in any state?
- What is the carrier's current AM Best or Dun & Bradstreet financial rating?
- How is policyholder data stored and protected — what cybersecurity controls are in place?
- Has there been significant management or board turnover in the past three years?
- For Direct Property and Casualty Insurance Carriers, what should the underwriter know about prior regulatory actions, consent orders, or license suspensions in any state?
- For Direct Property and Casualty Insurance Carriers, what should the underwriter know about adverse reserve development or statutory surplus deterioration in recent financials?
Activities described by this code
- Automobile insurance carriers, direct
- Malpractice insurance carriers, direct
- Fidelity insurance carriers, direct
- Mortgage guaranty insurance carriers, direct
- Homeowners' insurance carriers, direct
- Surety insurance carriers, direct
- Liability insurance carriers, direct
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Direct P&C insurance carriers underwrite and issue property and casualty insurance policies — auto, homeowners, liability, surety, fidelity, and related lines — assuming risk from policyholders in exchange for premium. Day-to-day operations include underwriting, claims handling, policy administration, regulatory compliance, investment management, and reinsurance purchasing. This class typically employs licensed underwriters, claims adjusters, actuaries, and compliance staff.
Questions to investigate
- What lines of P&C insurance does the carrier actively write, and in how many states?
- Is the carrier currently in active underwriting, run-off, or a hybrid of both?
- Are there any open regulatory investigations, consent orders, or DOI actions in any state?
- What is the carrier's current AM Best or Dun & Bradstreet financial rating?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.