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

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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.

Insurance Companies in USA

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.

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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.

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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 β€œunicorns”: 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.

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General Insurance Companies in USA

  1. Acuity Insurance
  2. Aflac
  3. Allianz Life
  4. 21st Century Insurance
  5. Allied Insurance
  6. Allstate
  7. Amica Mutual Insurance
  8. Premera Blue Cross
  9. American Family Insurance
  10. American Income Life Insurance Company
  11. Conseco
  12. Fidelis Care
  13. Kaiser Permanente
  14. Mutual of Omaha
  15. Thrivent Financial for Lutherans
  16. United American Insurance Company
  17. AIG
  18. American National Insurance Company
  19. American Strategic InsuranceΒ (ASI)
  20. The Ameriprise Auto & Home Insurance
  21. Ameriprise Financial
  22. Ameritas Life Insurance Company
  23. The Amica Mutual Insurance
  24. Amtrust Financial Services
  25. Applied Underwriters
  26. The Arbella Insurance Group
  27. Assurant
  28. Assurity Life Insurance Company
  29. Auto-Owners Insurance
  30. AXA Equitable Life Insurance Company
  31. Bankers Life and Casualty Company
  32. Berkshire Hathaway
  33. Brotherhood Mutual Insurance Company
  34. CareSource
  35. Celina Insurance Group
  36. Chubb Corp
  37. Donegal Insurance Group
  38. Encompass Insurance Company
  39. Cincinnati Insurance Company
  40. Citizens Property Insurance Corporation
  41. The CNA Financial
  42. CNO Financial Group
  43. Colonial Life & Accident Insurance Company
  44. Erie Insurance Group
  45. Esurance
  46. Combined Insurance
  47. Commerce Insurance Group
  48. Gracy Title Company
  49. Grange Mutual Casualty Company
  50. The Guardian Life Insurance Company of America
  51. Country Financial

General Insurance Companies in USA

  1. Country-Wide Insurance Company
  2. Delta Dental
  3. Evergreen USA RRG
  4. Farmers Insurance Group
  5. Federated Mutual Insurance Company
  6. Frankenmuth Insurance
  7. GAINSCO
  8. GEICO
  9. General Re
  10. Knights of Columbus
  11. Lemonade (insurance)
  12. Liberty Mutual
  13. Lincoln National Corporation
  14. Genworth Financial
  15. Gerber Life Insurance Company
  16. Globe Life And Accident Insurance Company
  17. GMAC Insurance
  18. GuideOne Insurance
  19. Hagerty Insurance Agency
  20. Hanover Insurance
  21. The Hartford
  22. HCC Insurance Holdings
  23. Hiscox Small Business Insurance
  24. Horace Mann Educators Corporation
  25. Ironshore
  26. K&K Insurance
  27. Kansas City Life Insurance Company
  28. Kemper Corporation
  29. Kentucky Farm Bureau
  30. First Insurance Company of Hawaii
  31. FM Global
  32. Foremost Insurance Group
  33. Kentucky National Insurance Company
  34. Main Street America Insurance
  35. Manhattan Life Insurance Company
  36. Markel Corporation
  37. MassMutual
  38. Merchants Insurance Group
  39. Prudential Financial
  40. Securian Financial Group
  41. Standard Insurance Company
  42. Mercury Insurance Group
  43. MetLife
  44. Metromile
  45. Modern Woodmen of America
  46. Mutual of Omaha
  47. National Flood Insurance Program
  48. Northwestern Mutual
  49. Omega
  50. Nationwide Mutual Insurance Company
  51. New Jersey Manufacturers Insurance Company
  52. Oxford Health Plans
  53. Pacific Life
  54. New York Life Insurance Company
  55. Next Insurance
  56. NJM Insurance Group
  57. The Norfolk & Dedham Group
  58. OneBeacon
  59. PEMCO
  60. Penn Mutual
  61. Penn National Insurance
  62. Pennsylvania Lumbermens Mutual Insurance Company
  63. The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire
  64. Philadelphia Insurance Companies
  65. Physicians Mutual
  66. QBE

General Insurance Companies in USA

  1. The Regence Group
  2. Reliance Insurance Company
  3. Reliance Partners
  4. Principal Financial Group
  5. Progressive
  6. RLI Corp.
  7. Safe Auto Insurance Company
  8. ProSight Specialty Insurance
  9. Prudential Financial
  10. Pure Insurance
  11. Safeco
  12. Safeway Insurance Group
  13. Securian Financial Group
  14. Anthem
  15. Blue Cross and Blue Shield Association
  16. CareSource
  17. Selective Insurance
  18. Sentry Insurance
  19. Ameritas Life Insurance Company
  20. Shelter Insurance
  21. Cambia Health Solutions
  22. Society Insurance
  23. Amica Mutual Insurance
  24. Southern Aid and Insurance Company
  25. SquareTrade
  26. Standard Insurance Company
  27. Assurity Life Insurance Company
  28. AXA Equitable Life Insurance Company
  29. State Auto Insurance Companies
  30. The Travelers Companies
  31. TIAA-CREF
  32. State Farm Insurance
  33. Summit Holdings
  34. ower Hill Insurance Group
  35. Sun Life Financial
  36. Symetra
  37. The General
  38. Titan Insurance Company
  39. Transamerica Corporation
  40. American Family Insurance
  41. American National Insurance Company
  42. Tricare
  43. Utica National Insurance Group
  44. West Coast Life
  45. Western & Southern Financial Group
  46. Trupanion
  47. UPC Insurance
  48. Western Mutual Insurance Group
  49. Westfield Insurance
  50. White Mountains Insurance Group
  51. Zurich Insurance Group

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 GroupΒ (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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