Many people are likely to know that Dallas is home to a huge insurance industry, but they might not know how important it actually is. It’s no surprise either when you consider how much of an influence these companies have on the financial sector in Texas as a whole. Here are the top five companies you should know about.
1. AIG
This is one of the world’s oldest and most successful insurance companies, boasting more than 70 million customers. AIG was founded in Shanghai in 1919 by a man named Cornelius Vander Starr and had established offices all over the world by 1926. That same year they opened an office in New York that became its headquarters for many years until today. To date, the company has penetrated over eighty countries and has more than 65,000 employees.
2. Kemper Corporation
This one was founded back in 1990 by Edward H. Smith and is considered one of the nation’s largest insurance brokers to date, based strictly on revenue. Through its subsidiaries, Kemper has been able to up its game over the years, adding other insurance products to its repertoire. These include property and casualty, which Kemper Home Service Companies represent; financial services such as retirement and asset management; and even retail banking through its Bank of Lancaster subsidiary.
3. Cigna
This is a top medical and health services insurer in the U.S., with more than 180 million customers. Cigna has been around for over four decades, making it one of the most established insurance companies in the nation. It prides itself on being a company that provides for all types of insurance needs from its customers. This includes group benefits, life and disability, along with other supplementary coverage. Its headquarter is in Bloomfield, Connecticut.
4. GEICO
This is one of the biggest car insurance companies in the country, representing itself in all fifty states. GEICO was founded back in 1936 by Leo Goodwin and his wife Lillian when he had to pay $75 for an automobile insurance policy. To this day, the company enjoys up to 4 million customers and 40,000 employees. GEICO is the second-largest auto insurance company in the U.S. It prides itself in being an insurer of over 28 million vehicles nationwide. This has been possible due to its investment in state-of-the-art technology, first-class producers, and excellent marketing techniques. GEICO’s customer base has grown steadily over the years due to its affordable rates and superior customer service.
Dil Bole Oberoi
