The insurance industry in the United States is vast, with numerous companies offering property, life, and casualty insurance. These companies operate across different sectors, providing coverage for individuals, businesses, and institutions.
Major Insurance Sectors
The insurance market is divided into several sectors, including:
AIG Property Casualty: Offers insurance products for individuals, businesses, and institutions.
AIG Life & Retirement: Provides life insurance and retirement services in the U.S.
United Guaranty Corporation (UGC): Specializes in mortgage insurance.
Top Insurance Companies in the U.S.
State Farm is the largest auto insurance company in the U.S., holding an 18% market share. Progressive ranks second, followed by Geico and Allstate.
The Oldest Insurance Company in the U.S.
The first insurance company in the United States was the Friendly Society, established in 1735 in Charleston, South Carolina.
List of Prominent Insurance Companies
Below is a list of major insurance providers in the United States:
