Insurance in the United States refers to the market for risk in the United States, the world’s largest insurance market by premium volume. According to Swiss Re, of the $6.287 trillion of global direct premiums written worldwide in 2020, $2.530 trillion (40.3%) were written in the United States.
Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). For example, a property insurance company may agree to bear the risk that a particular piece of property (e.g., a car or a house) may suffer a specific type or types of damage or loss during a certain period of time in exchange for a fee from the policyholder who would otherwise be responsible for that damage or loss. That agreement takes the form of an insurance policy.
Insurance Companies in United States
This is a list of insurance companies based in the United States. These are companies with a strong national or regional presence having insurance as their primary business.
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship. In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
- 21st Century Insurance
- Acuity Insurance
- Aflac
- Allianz Life
- Allied Insurance
- Allstate
- American AAutomobile Insurance
- American Family Insurance
- American Income Life Insurance Company
- American International Group
- American National Insurance Company
- American Strategic Insurance
- Ameriprice Auto and Home Insurance
- Ameriprise Financial
- Ameritas Life Insurance Company
- Amica Mutual Insurance
- Amtrust Financial services
- Applied underwriters
- Arabella Insurance Group
- Assurant
- Assurity Life Insurance Company
- Auto Owners Insurance
- AXA Equitable Life Insurance Company
- Bankers Life and Casualty Company
- Berkshire Hathaway
- Brotherhood Mutual Insurance Company
- Care Source
- Chubb Corp
- Citizens Property Insurance Corporation
- CNA Financial
- CNO Financial Group
- Colonial Life and Accident Insurance
- Combined Insurance
- Commerce Insurance Group
- Country Financial
- Countrywide Insurance Company
- Delta Dental
- Encompass Insurance Company
- Erie Insurance Group
- Esurance
- Evergreen USA RRG
- Farmers Insurance Group
- Federated Mutual Insurance Company
- First Insurance Company of Hawaii
- FM Global
- GAINSCO
- GEICO
- General Re
- Genworth Financial
- Gerber Life Insurance Company
- Globe Life and Accident Insurance Company
- GMAC IInsurance
- Gracy Title Company
- Grange Mutual Casualty Company
- The Guardian Life Insurance Company of America
- Guide One Insurance
- Hagerty Insurance Agency
- Hanover Insurance
- The Hartford
- HCC Insurance Holdings
- Hiscos Small Business Insurance
- Horace Mann Educators Corporation
- Ironshore
- K&K Insurance
- Kansas City Life Insurance Company
- Kemper Corporation
- Kentucky Farm Bureau
- Knights of Columbus
- Lamonade Insurance
- Liberty Mutual
- Lincoln National Corporation
- Manhattan Life Insurance Company
- Markel Corporation
- Mass Mutual
- Merchant Insurance Group
