After discussing a little bit about History of Insurance, it seems useful to discuss the next topic namely types of insurance companies.
It needs to be discussed in order for us not to make a mistake when we
need to use their services. However, before we discuss kinds of
insurance companies, first of all let me define what it means by
insurance companies. According to investorwords,
insurance companies or insurance underweriter or insurer is companies
that offer insurance policies to the public, either by selling directly
to an individual or through another source such as an employee's benefit
plan. Insurance companies are usually comprised of multiple insurance
agents. An insurance company can specialize in one type of insurance or
offers multiple types of insurance.
Knowing the definition, it is now time to discuss the kinds of the insurance companies. According to Wikipedia, insurance companies may be classified into two groups, namely, life insurance companies, which sell life insurance, annuities and pensions products and non-life, general, or property/casualty insurance companies, which sell other types of insurance.
General insurance companies may be further divided into the following sub categories: standard lines and excess line. Standard line insurance companies are "mainstream" insurers. These are the companies that typically insure autos, home or business. The premiums are usually lower and excess lines and can sell directly to individuals. Meanwhile, excess line insurance companies typically insure risks not covered by the standard lines market. The have more flexibility and can react faster that standard insurance companies because they are not required to file rates and forms as the "admitted" carriers do.
The following is the list of insurance companies which based in the United States:
21st Century Insurance
AccuQuote
Alleghany Corporation
Allied Insurance
Allstate
American Automobile Association
American Family Insurance
American Income Life Insurance Company
American International Group (AIG)
American National Insurance Company
Amica Mutual Insurance
Aon Corporation
Assurant
Auto-Owners Insurance
AXA Equitable Life Insurance Company
Bankers Life & Casualty Company
Berkshire Hathaway
California Casualty
Capital Insurance Group
CNA Financial
Colonial Life & Accident Insurance Company
Commerce Insurance Group
Conseco
Country Financial
Chartis
Chubb Corp.
Encompass
Erie Insurance Group
Esurance
Everest Re Group
Evergreen USA RRG
Farmers Insurance Group
Federated Mutual Insurance Company
GAINSCO
GEICO
General Re
Genworth Financial
GMAC Insurance
Hanover Insurance
The Hartford
CIGNA
AIG (American International Group)
Knowing the definition, it is now time to discuss the kinds of the insurance companies. According to Wikipedia, insurance companies may be classified into two groups, namely, life insurance companies, which sell life insurance, annuities and pensions products and non-life, general, or property/casualty insurance companies, which sell other types of insurance.
General insurance companies may be further divided into the following sub categories: standard lines and excess line. Standard line insurance companies are "mainstream" insurers. These are the companies that typically insure autos, home or business. The premiums are usually lower and excess lines and can sell directly to individuals. Meanwhile, excess line insurance companies typically insure risks not covered by the standard lines market. The have more flexibility and can react faster that standard insurance companies because they are not required to file rates and forms as the "admitted" carriers do.
The following is the list of insurance companies which based in the United States:
21st Century Insurance
AccuQuote
Alleghany Corporation
Allied Insurance
Allstate
American Automobile Association
American Family Insurance
American Income Life Insurance Company
American International Group (AIG)
American National Insurance Company
Amica Mutual Insurance
Aon Corporation
Assurant
Auto-Owners Insurance
AXA Equitable Life Insurance Company
Bankers Life & Casualty Company
Berkshire Hathaway
California Casualty
Capital Insurance Group
CNA Financial
Colonial Life & Accident Insurance Company
Commerce Insurance Group
Conseco
Country Financial
Chartis
Chubb Corp.
Encompass
Erie Insurance Group
Esurance
Everest Re Group
Evergreen USA RRG
Farmers Insurance Group
Federated Mutual Insurance Company
GAINSCO
GEICO
General Re
Genworth Financial
GMAC Insurance
Hanover Insurance
The Hartford
CIGNA
AIG (American International Group)
