Insurance Companies in USA | Top Insurance Companies That Guarantees Safety

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

Insurance Companies in the USA

There are several 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.

Categories of Insurance companies in the USA

• Property/Casualty Insurance
• Annuity Insurance
• Homeowners Insurance
• Auto Insurance
• Commercial Auto Insurance
• Non-health Insurance Companies
• Health Insurance and Managed Health Care Companies
• Life Insurance Companies
• Health Insurance Companies.

Overview of Insurance in the USA

Insurance companies are key actors in 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, 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, has already grown to become “unicorns”: startups with a valuation above 1 billion dollars.

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. for 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 these companies holds more than 45% of the homeowners’ insurance market share.

What Are the Largest Insurance Companies in Canada?

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

General Insurance Companies in the USA

• Colonial Life & Accident Insurance Company
• Farmers Insurance Group
• Allstate
• American Family Insurance
• Banner Life Insurance Company
• American Fidelity Assurance
• The Great-West Life Assurance Company
• Gerber Life Insurance Company
• Globe Life And Accident Insurance Company
• The Guardian Life Insurance Company of America
• Horace Mann Educators Corporation
• ING Group
• Jackson National Life
• John Hancock Life Insurance
• Kansas City Life Insurance Company
• Lincoln National Corporation
• Manhattan Life Insurance Company
• Transamerica Corporation
• MEGA Life and Health Insurance
• MetLife
• Mutual of Omaha
• National Life Group
• National Western Life Insurance Company
• American Income Life Insurance Company
• Bankers Life and Casualty
• Federal Life Insurance Company
• Nationwide Mutual Insurance Company
• New York Life Insurance Company
• Ohio National Financial Services Company
• Pacific Life
• Thrivent Financial for Lutherans
• Primerica
• Protective Life
• State Farm Insurance
• TIAA-CREF
• UNIFI Companies
• United of Omaha
• Veterans Life Insurance
• Western & Southern Financial Group
• Amerigroup
• Centene Corporation
• Cigna
• Coventry Health Care
• Delta Dental
• EmblemHealth
• Fortis
• Geisinger
• Golden Rule Insurance Company
• Group Health Cooperative
• HealthPartners
• Group Health Incorporated
• Harvard Pilgrim Health Care
• Health Net
• HealthMarkets
• Liberty Mutual
• MEMIC
• Merchants Insurance Group
• Missouri Employers Mutual
• HealthSpring
• Highmark
• Nationwide Mutual Insurance Company
• Horace Mann Educators Corporation
• Humana
• Independence Blue Cross
• Kaiser Permanente
• Kaleida Health
• Liberty Medical
• LifeWise Health Plan of Oregon
• MassHealth
• Medica
• Medical Mutual of Ohio
• MEGA Life and Health Insurance
• Molina Healthcare
• Oscar Health
• Oxford Health Plans
• Premera Blue Cross
• Principal Financial Group
• Shelter Insurance
• State Farm
• Thrivent Financial for Lutherans
• UnitedHealth Group
• Unitrin
• Universal American Corporation
• US Health Group
• Vantage Health Plan
• Aetna
• American Family Insurance
• Bankers Life and Casualty
• CareSource
• Accident Fund Insurance Company of America
• Erie Insurance Group
• GUARD Insurance Group
• Hanover Insurance
• American International Group (AIG)
• Amerisafe
• WellCare
• AmTrust Financial Services
• Cincinnati Financial Corporation
• New York State Insurance Fund
• The Norfolk & Dedham Group
• Penn National Insurance
• Puerto Rico State Insurance Fund
• Sentry Insurance
• Society Insurance
• EMPLOYERS Insurance
• The Hartford
• State Farm Insurance
• State Compensation Insurance Fund

A detailed explanation of some Insurance Companies

Here is the list of things you need to know about this Insurance company In the United States of America;

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, and 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 throseveralr 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 and 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

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. G all agher

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. The Aflac 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.

See More you Need: Insurance Policies in the US | The Safety of Insurance and its Regulations