Insurance Companies in USA: Top Insurance Companies that guarantees your Safety

Today many people enjoy the benefits of insurance companies because of how well they ave programmed the companies to help insure properties and health of an individual. If you are already insured in one company or the other then that is definitely a good step however you have to follow up the companies policy where you made the insurance agreement. This article will give little details on the various insurance companies in US.

There are a number of ways to rank the size of insurance companies, it can be by their market capitalization or by using sales figures. However, insurance companies are still a pillar of the US economy and they will remain in this position for the proposed future.

The US is such a great business arena for insurers to prosper, they can come in form of: life and health insurance, property and casualty insurance, insurance brokering services, or reinsurance, insurance companies are in the US.

Overview of Insurance in USA

Insurance companies are key actors of the American economy, hedging risks and covering the costs of accidents throughout the country.

The top American insurance companies are important parts of the financial sector and they play a major role in the economy.

US insurance companies: life and health insurance, property and casualty insurance, business and commercial insurance, and reinsurance.

However, these companies might engage in competition against each other for market share in the US. Also, other financial companies, such as banks and financial services companies, also challenge them in their insurance and risk management activities in financial markets.

Above all this competition, the most important threat for insurers comes from the disruption of their traditional business by insurance tech startups.

Finally, some of them, among the largest US startups, have already grown to become “unicorns”: startups with a valuation above 1 billion dollars.

Categories of Insurance companies in USA

1. Property/Casualty Insurance
2. Annuity Insurance
3. Homeowners Insurance
4. Auto Insurance
5. Commercial Auto Insurance
6. Non-health Insurance Companies
7. Health Insurance and Managed Health Care Companies
8. Life Insurance Companies
9. Health Insurance Companies.

Are the Large Insurance Companies Good Investments?

Yes, Investing in insurance companies can be a safe option for some investors. Insurance companies are founded to deal with risk, which can ultimately reduce the risks associated with investing.

On the safer side, health insurance, has the potential for significant growth compared to other types of insurance companies.

Who Are the Largest Investors in Insurance Companies?

No matter how strange this might sound, the largest investors in insurance companies are generally other institutions. Example, UnitedHealth Group (UNH) has 4,116 institutional owners, who hold more than 989 million shares.

What Are the Largest Homeowners Insurance Companies in the U.S.?

The largest homeowners insurance companies in the U.S. are State Farm, Allstate, USAA, Liberty Mutual, and Farmers. The combination of this companies hold more than 45% of the homeowners’ insurance market share.

What Are the Largest Insurance Companies in Canada?

Also, in Canada, biggest insurance companies are Manulife Financial Corporation, Great-West Lifeco, Desjardins, Sun Life Financial, and Fairfax Financial.

General Insurance Companies in USA

1. Colonial Life & Accident Insurance Company
2. Farmers Insurance Group
3. Allstate
4. American Family Insurance
5. Banner Life Insurance Company
6. American Fidelity Assurance
7. The Great-West Life Assurance Company
8. Gerber Life Insurance Company
9. Globe Life And Accident Insurance Company
10. The Guardian Life Insurance Company of America
11. Horace Mann Educators Corporation
12. ING Group
13. Jackson National Life
14. John Hancock Life Insurance
15. Kansas City Life Insurance Company
16. Lincoln National Corporation
17. Manhattan Life Insurance Company
18. Transamerica Corporation
19. MEGA Life and Health Insurance
20. MetLife
21. Mutual of Omaha
22. National Life Group
23. National Western Life Insurance Company
24. American Income Life Insurance Company
25. Bankers Life and Casualty
26. Federal Life Insurance Company
27. Nationwide Mutual Insurance Company
28. New York Life Insurance Company
29. Ohio National Financial Services Company
30. Pacific Life
31. Thrivent Financial for Lutherans
32. Primerica
33. Protective Life
34. State Farm Insurance
35. TIAA-CREF
36. UNIFI Companies
37. United of Omaha
38. Veterans Life Insurance
39. Western & Southern Financial Group
40. Amerigroup
41. Centene Corporation
42. Cigna
43. Coventry Health Care
44. Delta Dental
45. EmblemHealth
46. Fortis
47. Geisinger
48. Golden Rule Insurance Company
49. Group Health Cooperative
50. HealthPartners

General Insurance Companies in USA

1. Group Health Incorporated
2. Harvard Pilgrim Health Care
3. Health Net
4. HealthMarkets
5. Liberty Mutual
6. MEMIC
7. Merchants Insurance Group
8. Missouri Employers Mutual
9. HealthSpring
10. Highmark
11. Nationwide Mutual Insurance Company
12. Horace Mann Educators Corporation
13. Humana
14. Independence Blue Cross
15. Kaiser Permanente
16. Kaleida Health
17. Liberty Medical
18. LifeWise Health Plan of Oregon
19. MassHealth
20. Medica
21. Medical Mutual of Ohio
22. MEGA Life and Health Insurance
23. Molina Healthcare
24. Oscar Health
25. Oxford Health Plans
26. Premera Blue Cross
27. Principal Financial Group
28. Shelter Insurance
29. State Farm
30. Thrivent Financial for Lutherans
31. UnitedHealth Group
32. Unitrin
33. Universal American Corporation
34. US Health Group
35. Vantage Health Plan
36. Aetna
37. American Family Insurance
38. Bankers Life and Casualty
39. CareSource
40. Accident Fund Insurance Company of America
41. Erie Insurance Group
42. GUARD Insurance Group
43. Hanover Insurance
44. American International Group (AIG)
45. Amerisafe
46. WellCare
47. AmTrust Financial Services
48. Cincinnati Financial Corporation
49. New York State Insurance Fund
50. The Norfolk & Dedham Group
51. Penn National Insurance
52. Puerto Rico State Insurance Fund
53. Sentry Insurance
54. Society Insurance
55. EMPLOYERS Insurance
56. The Hartford
57. State Farm Insurance
58. State Compensation Insurance Fund

Detailed explanation of some Insurance Companies

1. Berkley

Industry: Property & Casualty Insurance

Berkley Corporation is a property and casualty insurance holding and reinsurance company. Headquartered in Greenwich, Connecticut, and organized in Delaware.

W. R. Berkley operates commercial insurance businesses in multiple countries and regions around the world, including the United Kingdom.

It is also involved in reinsurance businesses in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region, and South Africa.

2. Brown & Brown Insurance

Industry: Insurance Brokers

Brown & Brown, Inc., better known as Brown & Brown Insurance or B&B, is an insurance brokerage company. It provides risk management, insurance, and reinsurance products and services to businesses, public agencies.

Brown & Brown now provides insurance solutions through more than 300 locations throughout the US.

3. Erie Insurance

Industry: Insurance Brokers

Erie Insurance is a diversified insurance company. It provides its services through a number of subsidiaries like Erie Insurance Property & Casualty, Flagship City Insurance, Erie Insurance Company, Erie Insurance Company of New York.

it also provides property, car, and life insurance through a network of independent insurance agents operating in 12 northeastern US states.

4. Markel Insurance

Industry: Property & Casualty Insurance

Markel Corporation is a multinational insurance, reinsurance, and investment holding company, It operates in property and casualty insurance through the Market Specialty.

5. Cincinnati Insurance

Industry: Property & Casualty Insurance

Cincinnati Financial Corporation is an insurance company primarily involved in property and casualty insurance, operates through its specialized subsidiaries in insurance, indemnity, casualty, life insurance, and underwriting.

It is also involved in investments and financial support to other subsidiaries through the CFC Investment Company and asset management.

6.Hartford Insurance

Industry: Diversified Insurance

The Hartford, is an investment and insurance company. Founded in 1910 and headquartered in Hartford, the company conducts property and casualty operations, group benefits, and mutual funds, selling its products and services primarily through a network of agents.

7.Gallagher

Industry: Insurance Brokers

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services company headquartered in Rolling Meadows. It is one of the largest insurance brokers in the world, operating in the Americas, Europe, Asia, and Oceania through local insurance brokering subsidiaries.

8. Aflac

Industry: Life Insurance

Aflac Inc. is an insurance company that involves in supplemental insurance. They provides insurance and payroll deduction insurance coverage for accidents or illnesses. Aflac operates with licensed sales associates in the United States and sales agencies in Japan.

In Conclusion

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