USA Property And Casualty Insurance companies are a lot whole, this is why we have provides a simple way to analyse the best insurance companies in the U.S.
Generally speaking, Insurance companies are key actors of the American economy, hedging risks and covering the costs of accidents presently and throughout the country and abroad.
United State insurance companies are involved in life and health insurance, property and casualty insurance, business and commercial insurance, and reinsurance.
USA Property And Casualty Insurance has two major areas: protection of physical objects and protection against legal liability.
The first area offers protection for physical objects, such as houses, cars or valuable personal belongings.
Protection against legal liability covers damage caused to someone else’s property.
Property insurance is referred as “first-party” coverage, considering that it is related to the policyholder’s property, while casualty insurance can be defined as “third-party” coverage.
This list of USA Property And Casualty Insurance Companies provided in this page have strong national or regional presence and having insurance as their primary business.
What Is Property and Casualty Insurance?
Property insurance is a broad term for a series of policies that provide either property protection coverage or liability coverage for property owners.
Property insurance provides financial reimbursement to the owner or renter of a structure and its contents in case there is damage or theft and to a person other than the owner or renter if that person is injured on the property.
Property insurance can include a number of policies, such as homeowners insurance, renters insurance, flood insurance, and earthquake insurance. Personal property is usually covered by a homeowners or renters policy.
The exception is personal property that is very high value and expensive this is usually covered by purchasing an addition to the policy called a “rider.”
Casualty insurance means that the policy includes liability coverage to help protect you if you’re found legally responsible for an accident that causes injuries to another person or damage to another person’s belongings.
As it relates to a homeowners insurance policy, casualty insurance may cover your belongings and/or another individual’s expenses in the aftermath of an accident occurring from the result of your negligence.
For instance, if a guest suffers an injury in your home as a result of your negligence, property and casualty can cover their medical bills, pain and suffering, and loss of income.
Best USA Property And Casualty Insurance Companies:
Here we have give a full note on the best property and casualty insurance companies featured in the U.S.
1. State Farm
State Farm is a large group of insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois.
Group is once again the largest property/casualty insurance company in the US, representing 10.1% of the market and writing $64.8 billion in direct premiums – nearly $30 billion more than its nearest competitor, Berkshire Hathaway ($38.4 billion).
State Farm helps you protect what matters most with home & car insurance, checking & savings accounts, loans, and more. State Farm is among the leading USA Property And Casualty Insurance company.
Official Website: State Farm
2. Berkshire Hathaway
Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services.
It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing.
Official website: Berkshire Hathaway
Market Capital: $254.6B according to Forbes
USAA was founded in 1922 in San Antonio by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group.
USAA has since expanded to offer banking and insurance services to past and present members of the Armed Forces, officers and enlisted, and their families. The company ranked No. 100 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Official Website: USAA
Market Capital: USAA’s 2015 Annual Report to Members, USAA held over $62.549 billion in deposits with more than 6.3 million accounts
4. Nationwide Mutual Insurance
Nationwide Mutual Insurance Company and affiliated companies is a group of large U.S. insurance and financial services companies based in Columbus, OH.
The company also operates regional headquarters in Scottsdale, AZ; Des Moines, IA; San Antonio, TX; Gainesville, FL; Raleigh, NC; Sacramento, CA, and Westerville, OH.
They protect members for a lifetime. Your first car. Your first apartment. Your furry friends. A home of your own. Your children’s future. Your weekend escape.
Official Website: https://www.nationwide.com/
Market Capital: 46.5 billion USD (2017)
5. Liberty Mutual
Liberty Mutual is the nation’s sixth-largest auto insurer based on direct premiums written. In addition to home and auto insurance, Liberty Mutual offers a vast array of personal and commercial insurance policies.
Liberty Mutual auto insurance earned 4 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account a number of details including pricing, discounts and ease of filing a claim.
Other factors analyzed include website transparency, financial strength, complaint data from the National Association of Insurance Commissioners and more. Liberty Mutual is one of the best USA Property And Casualty Insurance company.
Official Website: https://www.libertymutual.com/
Market Capital: 43.23 billion USD (2019)
The Allstate Corporation is an insurance company headquartered in Northfield Township, Illinois. Tracing its origins to 1931, Allstate Corporation has grown to become the largest publicly-traded property-casualty insurance in the US, offering individual auto and property insurance together with business and commercial insurance as well as an array of associated insurance products. Allstate operates 19 companies in the United States, United Kingdom, Canada, and India.
Official Website: allstate.com
Market Capital: $39.667 Billion
7. W. R. Berkley
W. R. 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, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia, and Australia.
It is also involved in reinsurance businesses in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa.
Official Website: berkley.com
Market Capital: $14.271 Billion
The Progressive Corporation, more simply known as Progressive, is an insurance company, especially involved in car insurance in America.
Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive offers insurance for motorcycles, boats, RVs and commercial vehicles, as well as home insurance. It has expanded its offer of car insurance in Australia.
Official Website: progressive.com
Market Capital: $48.676 Billion
The Travelers Companies, Inc., better known as Travelers, is an insurance company headquartered in New York City, particularly involved in commercial property-casualty insurance. One of the largest insurers in the US, Travelers operates in personal insurance, business insurance, and bonds. It has expanded in the United Kingdom, Ireland, Singapore, China, Canada, and Brazil.
Official Website: travelers.com –
Market Capital: $34.751 Billion
Chubb Limited is the parent company of Chubb, a global provider of insurance products in commercial and personal property and casualty, accident and health, reinsurance, and life insurance to multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Tracing its origins to 1882, Chubb is headquartered in Zurich, Switzerland, and it operates in 54 countries and territories.
Official Website: new.chubb.com
Market Capital: $72.611 Billion
American International Group, Inc., more commonly known as AIG, is a multinational finance and insurance corporation headquartered in New York City. It is engaged in general insurance, life and retirement, and a standalone technology-enabled subsidiary. It operates in more than 80 countries and jurisdictions.
Official Website: aig.com –
Market Capital: $46.508 Billion
The Hartford Financial Services Group, Inc., more simply known as The Hartford, is an investment and insurance company. Founded in 1910 and headquartered in Hartford, Connecticut, the company conducts property and casualty operations, group benefits and mutual funds, selling its products and services primarily through a network of agents and brokers. It is also involved in auto and home insurance.
Official Website: thehartford.com
Market Capital: $21.584 Billion
13. Cincinnati Financial
Cincinnati Financial Corporation is an insurance company primarily involved in property and casualty insurance. Founded in 1950, the Cincinnati Financial Corporation 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 services with the CinFin Capital Management Company.
Official Website: cinfin.com
Market Capital: $18.38 Billion
14. AmTrust Financial Services
AmTrust Financial Services, Inc. was founded in 1998 to provide property and casualty insurance to small businesses.
AmTrust Financial Services, Inc., through its subsidiaries, operates as a multinational property and casualty insurance company.
Founded in 1998 as earlier hinted to provide workers’ compensation insurance to small businesses in the United States, the company now operates in three segments around the globe: Small Commercial Business Insurance, Specialty Risk and Extended Warranty, and Specialty Middle-Market Property and Casualty Program Insurance.
Name: AmTrust Group
Home Office: New York, NY
15. American Family
American Family is dedicated to inspiring, protecting and restoring your dreams because they believe a dream is the most valuable thing you’ll ever own. That’s why they make it as one their mission to give you the support and inspiration you need to realize your dreams.
American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products.
Official Website: American Family
16. Auto Owners Group
Auto-Owners Insurance is among the top insurance providers in the U.S., offering a wide variety of discounts and coverages to meet your needs.
Auto-Owners Insurance is a mutual insurance company that offers auto, home, business and … rating since 1972. The Auto-Owners Insurance group of companies is one of 12 carrier groups to earn A.M.
Itis a high-performing insurance company that focuses on providing low rates for good drivers and personalized customer service. … However, the company still has a few modern advantages, such as a smartphone-based driver safety rating program that can lead to significant discounts for the safest drivers.
Auto-Owners markets its property and casualty and life products in 26 states exclusively through a network of independent agents. The company employs 5,500 associates nationwide in its 98 claims and underwriting branches.
Auto-Owners consists of five property and casualty companies and a life/health/annuity insurer. It has 5.1 million policies in force.
Official Website: Auto-Owners Insurance
17. Erie Insurance
Erie Insurance is cheap for loyal customers because it offers discounts like Erie Rate Lock, accident forgiveness, and a diminishing deductible.
Although some drivers can find cheap auto insurance from Erie, the only way to confirm you’ve found the lowest price is to compare quotes from multiple insurance companies.
Erie Insurance believe in and promote an environment of mutual respect. Their customers, agents and employees reflect the diversity of the communities where they all live and work. Put simply, they follow the Golden Rule and treat all people with dignity and respect, regardless of many factors, including but certainly not limited to race, ethnicity, gender, age, sexual orientation and gender identity.
Erie Insurance is a publicly held insurance company, offering auto, home, commercial and life insurance through a network of independent insurance agents. As of 2019, Erie Insurance Group is ranked 381st among the largest public U.S. companies, in terms of revenue, by Fortune magazine
Official Website: Erie Insurance
18. Tokio Marine Insurance Group
Tokio Marine Insurance Group is recognised as the best Japanese brand among insurers and has matched up to its reputation by receiving awards such as the “General Insurance Company of the Year – Asian Insurance Review” for the year 2008 and 2012.
Tokio Marine Group consists of Tokio Marine Holdings, Inc., 155 subsidiaries, and is engaged in the domestic non-life insurance, domestic life insurance, international insurance, and ﬁnancial and general businesses.
Tokio Marine Group provides a broad range of products and services that have a strong competitive position in developed as well as emerging markets, which are the core of the global insurance market.
Official Website: Tokio Marine Insurance
How Property & Casualty Insurance Works
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