The
insurance industry in USA covers risks like auto insurance, disability insurance, expatriate insurance, general liability insurance, health insurance, life insurance, pet insurance, property and causality insurance, renter insurance, travel insurance and worker's compensation insurance. The average American has the option to insure himself from a host of uncertainties.
Life insurance is the most important form of insurance. People's participation in this sector is on the rise with the increase in consciousness and affluence. Having a cash value policy packaging insurance and savings are popular in America. Some of the major life insurance companies in America are as follows:
AAA d.b.a. Western United
Aetna
Allstate Insurance Company
Alfa life Insurance
American National Insurance Company
- Bankers Life and Casualty Company
- Farm Bureau Insurance
- Banner Life
- Foresters
Health insurance in America provides permanent coverages where the insured person can keep the policy for as long as he pays the premium. This policy protects the insured from expensive treatments. Individual and family policies normally cannot be canceled in America. Health insurances guards against financial bankruptcy while undergoing treatment. For healthy individuals, policies are less expensive. Rather than participating in group plans, individual policies for family members are encouraged. Some of the major companies doing health insurance are as follows:
- Aetna
- Aflac
- American Family Insurance
- American Medical Security Life Insurance Company
- Anthem
- Assurant
- Asuris Northwest Health
- Blue Cross and Blue Shield Association
- Celtic Insurance Co.
- CIGNA
- Coventry
- Continental General
- Fortis
Auto insurance is another important form of insurance in America. It provides liability coverage which protects against cost of injury and damage caused to another in an automobile accident. It consists of bodily injury liability and property damage liability. Auto liability insurance is a must in almost every city of America. The medical bills of the covered driver, family members and passengers are paid by the insurance companies in case of accidents. Uninsured motorists coverage provides cover for cost of injury caused by another driver who is not covered. Collision coverage helps to pay for repairs done to damaged cars. Some major insurance providing companies in this sector are as follows:
American Automobile Association:
- AIG
- Allstate
- American Family Insurance
- Amica
- Auto-Owners Insurance
- California Casualty Insurance
- CapitalOne
- CarInsurance.com
- COUNTRY Insurance & Financial Services
- Electric Insurance Company
Travel insurance is another major insurance segment in the USA protecting against flight accident deaths and serious impairments. However any illness occurring while flying are not covered under this. Travel agencies provide insurances in case a sudden cancellation of traveling plans due to unforeseen circumstances take place. American family Insurance and ASSIST-CARD are the major players in this business.
Another important part is property and casualty insurance. They provide insurance cover to property damage. Some top ranked companies in this sector are as follows:
- ACE USA
- Acuity
- Allstate
- Alfa Mutual Insurance
- American Family Insurance
- American National Property and Casualty
- American International Group
- Argonaut Group, Inc.
- Auto-Owners Insurance
- BISYS Commercial Insurance Services, Inc.
- Chubb Corporation
- Church Mutual