INSURANCE COMPANIES IN USA
You may be running a business and might have insured your business with an insurance company in USA. You may be paying your annual premiums regularly and at one stage, you may have to feel that paying insurance premiums is a waste, because you might not have claimed any loss in property or business from the insurance company.

But you must understand that the insurance companies in USA are there, only to safeguard your business from such losses. If you are not making any claim with the insurance company, you must actually feel happy that your business is running successfully without any hurdle.
The Government requires every citizen to go for an insurance and the type of business you run, will decide on the type of insurance, you need. For a common public, he or she may need a life insurance policy to safeguard the interests of the spouse and the entire family.
A business entrepreneur may need another type of insurance to meet any loss that may incur in running his or her business.
There are other insurances like health insurance and people can avail the health benefits offered by these insurance companies. When people incur heavy medical expenses, they can avail the health insurance policies and reimburse such medical expenses subject to certain conditions issued by the insurance companies.
The US insurance companies have many plans and policies for its citizens and if you are an employer and employs a good number of employees, you must purchase worker’s compensation and unemployment insurance. If you run your business in some of the big cities and States of USA, you must also purchase disability insurance in respect of your employees and these insurances provide them financial safety in case if they are hurt while on duty or lose their jobs.
Insurance Companies in USA are:
1. American Automobile Association
2. American Family Insurance
3. American International Group (AIG)
4. American Strategic Insurance (ASI)
5. American National Insurance Company
6. United Health Group
7. Liberty Mutual Insurance
8. The Travelers Companies
9. Allied Insurance
10. Anthem Inc.
11. AIA Group Limited
12. Allstate Insurance Company
Of course, your employees may not pay the premiums directly and you may have to deduct these premiums, paid on behalf of the employees, from the returns you file for taxes at the end of a financial year.
As regards to the brief descriptions of the USA insurance companies, they perform a series of functions and play great roles for the welfare of the society. They help their policy holders in managing their risks efficiently by providing their insurance products and paying the claims covered by the insurance policies.
The insurers help people and companies to recover from natural disasters and they act as direct and indirect employers and play a vital role in building the economy of their countries. Many people are encouraged by the insurance policies offered by such insurance companies in USA and as such the business people invest huge investments on their businesses and common people are encouraged to buy new houses and apartments.
In fact, insurance is nothing but pooling a large amount of money into a single pool collected from different resources and people and in this way the risks faced by some of them are covered by compensation. After all, a single individual is paying a small amount of money as premium and these small amounts are pooled together to help people, who face heavy loss.
However, your premium may not go waste and such pooled premiums help people in distress due to loss. Suppose, you lose your property or your property got damaged, you can make good the loss incurred by you through such US insurance companies, provided you have insured your properties and paid the premiums regularly.
As such, you have an access to the pool of money collected by the USA insurance companies as premiums in case if you claim a loss that is covered by the insurance policy, you have taken. One may never get a chance to make such insurance claims and you must feel happy for that.
Even though, the insurance companies have huge responsibilities and duties in the interest of helping the public, on some rare occasions, they can refuse to make the claims of the policy holders. Suppose a business person has given some false information about his or her business or he or she has failed to disclose the risk involved in their businesses, the insurance companies can deny the required compensation. Sometimes, despite the repeated reminders of the insurance companies, the policy holders might have not paid the monthly or annual premiums on a regular basis; the insurance companies have the right to refuse compensation.
Similarly, an individual’s life is also at risk nowadays. An individual may lose his or her job due to unavoidable circumstances or he or she may meet with an accident and it might end with losing life or might have made the individual as permanently disabled. Many US insurance companies offer life insurance policies and they cover the risks of the individuals.
Even if an individual, who has insured his or her life, dies in an accident or dies naturally, the immediate beneficiary, either spouse or close relatives, can claim the policy amount and this will be of great help to the deprived family.
On the part of the insurance providers, they have to be fair and honest. As everyone is aware that the insurance business is quite competitive, the insurance providers should not give false hopes to the policy holders and this practice is not followed by many of the genuine USA insurance companies. Some companies may do these mal practices in order to stay in the competition and do more business.
However, people have to be vigil and consider the credentials of the insurance companies before taking business policies and other types of insurance policies. Enquiries can also be made with the beneficiaries, who have availed such insurance policies and got the benefits. People should also be clear in reading the terms and conditions of the insurance companies before proceeding further.
Moreover, there are a number of ways to rank the size of the insurance companies. In general, companies can be valued by their market capitalization or by using sales figures such as net premiums written in a year and the like.
In every individual’s life, insurance of any type, as the case may be, is a must.