Finance USA

Jan 4 2020

Bill Hunter Insurance Brokers – Arizona Independent Insurance Agent – More Carriers, insurance companies in arizona.

#Insurance #companies #in #arizona

insurance companies in arizona

Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona

INSURANCE CARRIERS

Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona
Insurance companies in arizona

We also regularly check, and watch your renewals, so we can get you a more competitive rate if needed. We are dedicated to providing you with the protection for you and your family at one easy-to-access location. Please call or stop in and let us get you a money-saving policy.

Bill Hunter Insurance Brokers 1837 E. Indian School Rd. Phoenix, AZ 85016 | Phone: 602-266-2020 | Fax: 602-266-2265

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Carriers insurance

What is an insurance carrier, you ask? Is it you, the person carrying an insurance card? Is it your insurance agent?

Actually, it’s neither of those people. Your insurance carrier is the company that holds your insurance policy. An insurance carrier is not the same as an insurance agent. It is the company to which your insurance payments are sent and the company that pays if you file a covered claim. The carrier employs insurance agents, underwriters, customer service representatives, claims adjusters, and more.
Why Should You Know the Name of Your Insurance Carrier?

If you purchased your policy yourself, or if your policy is through a large national company, you very likely know the name of the company from catchy jingles and television commercials. But even if you purchased a policy from a smaller company, it’s vital to know their name. There are several times when knowing who your car insurance carrier is will certainly come in handy. For instance, when you contact your independent insurance agent and you don’t have their direct contact information, you can speed things up if you know your insurance carrier off the top of your head.

It is also handy when you need to contact your insurance carrier’s customer service center. The customer service number can be found on your insurance paperwork. However, it might be faster for you to look it up online (which may also be difficult if you do not know the name of your insurance carrier).
Where Can You Find Their Information?

Sometimes when insurance is not your favorite subject, it is possible to forget who you purchased insurance from. There is more than one way to figure it out.

Declarations Page
Proof of Insurance
Call Your Agent

Know More About Your Carrier Than Its Name

Although you should certainly know the name of the company you bought a car insurance policy from, it is not a bad idea to know more about your car insurance carrier than just its name. Research customer reviews, ask your friends and family about its reputation, and look into their financial backing — maybe even look up the last few financial annual reports they’ve issued. Knowing more about your insurance carrier before deciding to purchase or renew a policy can save you a lot of hassle when it comes to claims customer service.

Customer Reviews: Every company on the planet has both positive and negative reviews. It is a good idea to look through both the positive and negative reviews and see what comments occur the most. If something negative is repeatedly said by multiple persons, I would take it more seriously than random rants from an anonymous single user.

Friends and Family: Knowing someone who deals directly with an insurance carrier should be able to give you a great recommendation. It helps if the recommendation comes from someone who has dealt with filing a claim before, but the information should help steer you in the right direction either way.

Financial Backing: Knowing that insurance carrier you have selected is strong financially is very important. A poor rating could mean your claim could not get paid out and obviously that is not good. There are four independent rating agencies, however, they each have their own rating system, so that is something to be aware of when searching the rating. Comparing the ratings from multiple agencies is the only way to get an accurate idea of a carrier’s financial status. Check your insurance carrier’s rating to ensure you are properly protected.

Carriers insurance

There are a number of ways to rank the size of insurance companies. Companies can be measured by their market capitalization (the value of the company on a stock exchange) or by using sales figures, such as net premiums written in a year or how many policies were sold. Key Takeaways Insurance companies are important players in the global financial economy, although they may not be as flashy as investment banks or hedge funds. Insurance companies come in many sizes and specialize in different policy lines, from health to life to property & casualty. Here we compare some of the largest insurers by market cap and by premium sales. Largest by Market Capitalization Investors can buy shares of publicly traded companies in the insurance industry. The largest insurance companies as of 2018 by market capitalization on the world stock exchanges were: Non-health Insurance Companies: Company Name Market Capitalization Berkshire Hathaway ( BRK.A) $308 billion China Life Insurance (LFC) $80 billion Allianz (AZSEY) $76.8 billion American International Group (AIG) $72.3 billion Ping An of China (PNGAY) $65.6 billion MetLife (MET) $59.4 billion AXA ( AXA) $57.8 billion AIA Group Hong Kong (AAIGF) $54.4 billion ING Groep (ING) $54.4 billion Zurich Insurance (ZURVY) $45.4 Billion (Source: Thompson Reuters) Health Insurance and Managed Health Care Companies: Company Name Market Capitalization United Healthcare (UNH) $91.8 billion Wellpoint ( WLP) $34.3 billion Aetna (AET) $29.8 billion CIGNA Corp. (CI) $26.8 billion Humana (HUM) $21.1 billion Centene Corp. (CNC) $5.7 billion Health Net, Inc. ( HNT) $3.9 billion WellCare Health Plans (WCG) $3.1 billion Healthspring ( HS) $3.7 billion Molina Healthcare (MOH) $2.4 billion (Source: Thompson Reuters) Not all insurance companies are publicly traded. In fact, many insurers are structured as mutual companies where policy holders of participating policies are essentially partial owners of the company. The mutual company model for an insurance company dates back hundred of years, and there are certain benefits conferred on policyholders that do not exist with publicly traded (stock company) insurers. Largest Insurance Companies by Sales and Product Line It is useful to differentiate between the type of insurance, or line, that is being considered when considering the largest insurance companies. Using sales data is helpful as some of the largest insurance companies in the United States are not publicly traded and therefore their market value is not easily ascertained. Property & Casualty Property casualty insurers write policies covering property such as real estate, dwellings, cars and other vehicles. They also write policies dealing with liabilities that may be incurred by accident or negligence related to those properties to defray the cost of lawsuits or medical damages resulting from such incidents.

Carriers insurance

There are a number of ways to rank the size of insurance companies. Companies can be measured by their market capitalization (the value of the company on a stock exchange) or by using sales figures, such as net premiums written in a year or how many policies were sold.
Key Takeaways

Insurance companies are important players in the global financial economy, although they may not be as flashy as investment banks or hedge funds.
Insurance companies come in many sizes and specialize in different policy lines, from health to life to property & casualty.
Here we compare some of the largest insurers by market cap and by premium sales.

Largest by Market Capitalization

Investors can buy shares of publicly traded companies in the insurance industry. The largest insurance companies as of 2018 by market capitalization on the world stock exchanges were:
Non-health Insurance Companies:
Company Name Market Capitalization
Berkshire Hathaway (
BRK.A) $308 billion
China Life Insurance (LFC) $80 billion
Allianz (AZSEY) $76.8 billion
American International Group (AIG) $72.3 billion
Ping An of China (PNGAY) $65.6 billion
MetLife (MET) $59.4 billion
AXA (
AXA) $57.8 billion
AIA Group Hong Kong (AAIGF) $54.4 billion
ING Groep (ING) $54.4 billion
Zurich Insurance (ZURVY) $45.4 Billion

(Source: Thompson Reuters)
Health Insurance and Managed Health Care Companies:
Company Name Market Capitalization
United Healthcare (UNH) $91.8 billion
Wellpoint (
WLP) $34.3 billion
Aetna (AET) $29.8 billion
CIGNA Corp. (CI) $26.8 billion
Humana (HUM) $21.1 billion
Centene Corp. (CNC) $5.7 billion
Health Net, Inc. (
HNT) $3.9 billion
WellCare Health Plans (WCG) $3.1 billion
Healthspring (
HS) $3.7 billion
Molina Healthcare (MOH) $2.4 billion

(Source: Thompson Reuters)

Not all insurance companies are publicly traded. In fact, many insurers are structured as mutual companies where policy holders of participating policies are essentially partial owners of the company. The mutual company model for an insurance company dates back hundred of years, and there are certain benefits conferred on policyholders that do not exist with publicly traded (stock company) insurers.
Largest Insurance Companies by Sales and Product Line

It is useful to differentiate between the type of insurance, or line, that is being considered when considering the largest insurance companies. Using sales data is helpful as some of the largest insurance companies in the United States are not publicly traded and therefore their market value is not easily ascertained.
Property & Casualty

Property casualty insurers write policies covering property such as real estate, dwellings, cars and other vehicles. They also write policies dealing with liabilities that may be incurred by accident or negligence related to those properties to defray the cost of lawsuits or medical damages resulting from such incidents.

The top U.S. property casualty companies in 2018 by net premiums written (the amount of money that non-life policies can expect to receive over the life of the contract, less commissions and costs) are:
Company Net Premiums Written
State Farm Group $64.6 billion
Berkshire Hathaway (BRK.A) $46.0 billion
Allstate Insurance Group (ALL) $30.6 billion
Liberty Mutual $28.6 billion
Progressive Insurance Group (PGR) $27.1 billion
Travelers Group (TRV) $24.5 billion
USAA Group $19.6 billion
Nationwide Group $18.8 billion
Farmers Insurance Group $14.3 billion
American International Group (AIG) $14.2 billion

(Source A.M. Best)
Life Insurance Companies

Life Insurance companies promise to pay out a lump sum benefit upon the death of the insured. Although actuarial science has created mortality tables to accurately estimate the future liability of policies to be paid, having financial strength ensures that these companies can meet all of their obligations while still earning a profit.

Life Insurance companies in the U.S. can be ranked by direct premium written (the amount of new policies written directly and not re-insured). For 2018:
Company Total Direct Premium Market Share
Metropolitan Group (MET) $12.6 billion 7.87%
Northwestern Mutual $10.1 billion 6.29%
New York Life Group $8.8 billion 5.48%
Prudential of America (PRU) $8.6 billion 5.33%
Lincoln National $6.9 billion 4.30%
MassMutual $6.6 billion 4.15%
Aegon (AEG) $4.6 billion 2.90%
John Hancock $4.4 billion 2.84%
State Farm $4.0 billion 2.73%
Guardian Life Insurance Co. $3.8 billion 2.38%

(Source: NAIC)
Health Insurance Companies

Health insurance companies provide policies to cover all or part of policyholder’s health and medical costs. Policies may be purchased individually or through an employer. Technically, the United States government is the largest health insurance provider in America through the Medicare program, Social Security and with Medicaid administered by individual states.

The largest non-government sponsored U.S. health insurance companies measured by total direct premium collected in 2016 was:
Company Total Direct Premium Market Share
UnitedHealth Group (UNH) $125 billion 12.90%
Kaiser Foundation Group $72.6 billion 7.46%
Anthem Inc Group $59.8 billion 6.15%
Aetna Group (AET
) $54.3 billion 5.58%
Humana Group $53.8 billion 5.53%
HCSC Group $32.3 billion 3.31%
Centene Corp Group $25.7 billion 2.64%
Cigna Health Group (CI) $24.0 billion 2.47%
Molina Healthcare Inc Group $17.8 billion 1.83%
Independence Health Group Inc Group $17.0 billion 1.75%

(Source: NAIC. Note: The sales data on insurance companies is from 2016, the last year of available data.)
The Bottom Line

Ranking the largest insurance companies can be done in a number of ways. Shares of publicly traded companies can be bought to help build a well-diversified investment portfolio that has exposure to the financial and healthcare sectors. Identifying which types of insurance a company primarily deals with helps determine which firms are competitors and which really are not. Looking at sales figures, or premiums collected in a year, one can also see how public companies stack up against privately held or mutual companies which make up a large segment of the industry.

Carriers insurance

General insurance

21st Century Insurance
A-1 Insurance
A-Affordable Auto Insurance
Adriana's Insurance Services
Aflac
Alfa Insurance
Allianz Life
Allied Insurance
Allstate
American Automobile Association (AAA)
American Family Insurance
American Income Life Insurance Company
American International Group (AIG)
American National Insurance Company
American Strategic Insurance (ASI)
American Tri-Star Insurance Services
AMERICUS INSURANCE
Ameriprise Auto & Home Insurance
Ameriprise Financial
Ameritas Life Insurance Company
Amica Mutual Insurance
Amtrust Financial Services
Andy Insurance
Applied Underwriters
Arbella Insurance Group
Assurant
Assurity Life Insurance Company
Auto-Owners Insurance
AXA Equitable Life Insurance Company
Azimuth risk solutions
Bankers Life and Casualty Company
Bankers Insurance Group
Berkshire Hathaway
Black Bear Life
Blue Advantage
Brotherhood Mutual Insurance Company
CareSource
Central Insurance Companies
Champ VA
Chap Arnold Insurance
Chappell Insurance Services
Chubb Corp
Church Mutual Insurance Company
Cigna Health Spring
Cincinnati Insurance Company
Citizens Insurance Company of America
Citizens Property Insurance Corporation
Civil Service Employees
CNA Financial
CNO Financial Group
Colonial Life & Accident Insurance Company
Combined Insurance
Commerce Insurance Group
Country Financial
Country-Wide Insurance Company
Credit General Insurance Company
CURE Auto Insurance
Delta Dental
Drive Insurance
Eastwood Insurance
Elephant Auto Insurance
Encompass Insurance Company
Erie Insurance Group
Esurance
Evergreen USA RRG
Farmers Insurance Group
Federal Life Insurance Company
Federated Mutual Insurance Company
First American Property and Casualty Insurance
First Insurance Company of Hawaii
First Coast Service Options
Florida Specialty Insurance
FM Global
GAINSCO
GEICO
General Re
Genworth Financial
Gerber Life Insurance Company
Globe Life And Accident Insurance Company
GMAC Insurance
Gracy Title Company
Grange Mutual Casualty Company
The Guardian Life Insurance Company of America
GuideOne Insurance
Hagerty Insurance Agency
Hanover Insurance
The Hartford
HCC Insurance Holdings
Hiscox Small Business Insurance
Horace Mann Educators Corporation
Homeowners Choice Property & Casualty Insurance Inc.,
Inaam Abbasi Insurance Company (IAIC)
Infinity Property & Casualty Corporation
Insurance Panda
InsureScan
IntelliQuote Insurance Services
Ironshore
Jackson National Life
John Hancock Insurance
K&K Insurance
Kansas City Life Insurance Company
Kemper Corporation
Kentucky Farm Bureau
Knights of Columbus
Lemonade (insurance)
Liberty Mutual
Lincoln National Corporation
Manhattan Life Insurance Company
Markel Corporation
Mass Health Insurance
MassMutual
MBBS (Mohtarma Bainzeer Bhutto Shaheed)
Merchants Insurance Group
Mercury Insurance Group
MetLife
Metromile
MMG Insurance
Modern Woodmen of America
Mutual of Omaha
National Flood Insurance Program
National Life
Nationwide Mutual Insurance Company
New Jersey Manufacturers Insurance Company
New York Life Insurance Company
Next Century Insurance
Next Insurance
NJM Insurance Group
The Norfolk & Dedham Group
Northwestern Mutual
Official Insurance
Ohio National Financial Services
Omega
OneBeacon
Oregon Mutual Insurance Company
Oxford Health Plans
Pacific Life
Pacific Prime
PEMCO
Penn Mutual
Philadelphia Contributionship for the Insurance of Houses from Loss by Fire
Philadelphia Insurance Companies
Physicians Mutual
Plymouth Rock
Primerica
Prime Insurance Company
Principal Financial Group
Progressive
ProSight Specialty Insurance
Protective Life
Prudential Financial
Pure Insurance
QBE
The Regence Group
Reliance Insurance Company
Reliance Partners
RLI Corp.
Safe Auto Insurance Company
Safeco
Safeway Insurance Group
Securian Financial Group
Selective Insurance
Sentry Insurance
Shelter Insurance
Southern Aid and Insurance Company
Southern Farm Bureau Life Insurance Company
SquareTrade
Standard Insurance Company
State Auto Insurance Company
State Farm Insurance
Stillwater Insurance Group
Sun Life Financial
Symetra
The General
The Producer's Group
The Travelers Companies
TIAA-CREF
Titan Insurance Company
Topa Insurance Company
Transamerica Corporation
Tricare
Tricare For Life
TriWest
Trupanion
Twinbrook Insurance Network
United Insurance Group
United Property and Casualty
Universal Property Homeowners
Unum
USAA
US Health Group
Vantage Health Plan
Veteran Affairs
Wellmed Healthcare Insurance
West Bend Mutual Insurance
West Coast Life
Western & Southern Financial Group
Western Mutual Insurance Group
Westfield Insurance
Westminster American Insurance Company
West Suburban Assurance LLC
White Mountains Insurance Group
XL Catlin
Zurich Insurance Group

Written by Bürger


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