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1. State Farm Group—$50,808,635
2. Allstate Insurance Group—$24,796,656
3. Liberty Mutual Insurance Cos.—$21,483,996
4. Berkshire Hathaway Insurance—$21,358,316
5. Travelers Group—$20,594,458
6. American International Group—$19,687,720
7. Nationwide Group—$14,489,531
8. Progressive Insurance Group—$14,476,676
9. Farmers Insurance Group—$14,129,512
10. USAA Group—$10,679,414
11. Hartford Insurance Group—$9,688,760
12. Chubb Group of Insurance Cos.—$8,927,736
13. CNA Insurance Cos.—$6,188,618
14. American Family Insurance Group—$5,324,290
15. Allianz of America—$4,666,301
16. Auto-Owners Insurance Group—$4,485,442
17. Munich-America Holding Corp.—$4,413,834
18. Zurich Financial Services NA Group—$4,400,123
19. Erie Insurance Group—$4,019,273
20. Ace INA Group—$3,705,475
21. Transatlantic Holdings Inc. Group—$3,418,020
22. W.R. Berkley Group—$3,392,330
23. The Hanover Insurance Group Property & Casualty Cos.—$3,053,508
24. MetLife Auto & Home Group—$2,983,236
25. Cincinnati Insurance Cos.—$2,965,462
Keep in mind that bigger doesn’t always mean better. You’ll recognize some of the “biggest” insurers also appear on the American Association for Justice’s list of Top Ten Worst Insurance Companies for consumers. Is your insurer on THAT list?
Insurance companies are businesses. Their most basic goal is to pay out less in claims than they make in premiums. Every claim paid out, whether it is a workers’ compensation claim, a no-fault claim, or an auto liability claim, cuts into their profits.
If you’ve sustained injuries as a result of an auto accident, or if you have a work-related injury, you are a liability in the eyes of the insurance company. Their end-of-the-day goal is to pay you as little as possible.
Whether you’ve got a Minnesota workers’ compensation injury, or injuries as a result of a Minnesota car accident, an experienced attorney can help make sure you get the compensation you are entitled to. For a free, no-obligation consultation with Jen Yackley or Ron Meuser, workers’ compensation and personal injury lawyers at Meuser & Associate, call us at 877-746-5680 or click here to send us an email.
Thank you for providing a list of AM Best rated companies! Very helpful for those shopping around for insurance. And you are correct, it's worth looking into your insurance company, to ensure its stability and performance over the years. Very helpful article for insurance newbies ;)
ReplyDeletethis is NOT a list of the best rated companies! go back and read: simply reads most net premium sold. Liberty Mutual was on a recent list of worst companies for not paying claims consistently.
DeleteYou are correct. This list includes the companies with most net premium sold. A number of the companies also made the list of Top Ten Worst Insurance Companies based on their handling of claims.
DeleteBecoming an insurance agent or adjuster is one of the rewarding careers in finance industry. Completing necessary requirements (government, state and certification body’s application requirements) and taking a preparatory course are the most important things before taking the exam to get your life and health or property and casualty insurance license. Other than finding resources in your state department’s website, you can also check for insurance licensing exam providers online.
ReplyDeleteProperty and casualty insurance is a contract in which a company promises to pay for any personal or property damages in exchange for a monthly fee paid by the deed holder. Property insurance is meant to cover all three businesses related tangible and intangible assets like money and securities, accounts-receivable records, inventory, furniture, machinery and supplies.Property and casualty insurance takes care of many risks to the individual or the business's property, such as theft, damage, loss of money, furniture, machinery, records, even trademarks, brand names, and supplies. There are certain particular insurance policies available which cover natural disasters like earthquakes, fires, and floods which damage your residence or business.
ReplyDelete