15 Best Building Insurance Companies Heading into 2024

Published on December 20, 2023 at 9:52 am by Maleha Afzal in Business, Industries, Lists, News

In this article, we will discuss the 15 best building insurance companies heading into 2024. If you want to skip our detailed analysis, you can go directly to 5 Best Building Insurance Companies Heading into 2024.

Is Artificial Intelligence Changing the Insurance Landscape?

Like most industries, the insurance industry is also constantly changing to adapt to new technologies. Similarly, there are a range of companies working to integrate technology into their systems. One such startup is Kin Insurance. Kin Insurance is a leading insurance tech company based in Chicago, Illinois. The company leverages property data points using artificial intelligence to provide coverage to customers with a few simple clicks. The company provides insurance coverage for homeowners, landlords, condos, and mobile homeowners. The company not only saves time for clients but also saves them an immense amount of money by providing them with coverage that exactly matches their needs.

On September 13, Kin Insurance received a staggering $33 million investment in a new funding round from certain QED Investors including Geodesic Capital, Allegis Capital, Hudson Structured Capital Management, and Alpha Edison. The new funding round brings Kin Inusrance’s funding to a total of $265 million. By the end of 2023, the company is expected to execute over $370 million in premiums. The direct-to-consumer business model of the company is highly attractive to investors.

The company’s popularity is also partially due to its active marketing strategies. On October 30, Kin Insurance announced a partnership with Ty Pennington, a popular designer and carpenter. Pennington will be a prominent face in the marketing campaigns of Kin Insurance. The two entities will together promote the need for human insurance and care in a catchy yet modern way.

Prominent Names in the Building Insurance Industry

Nationwide Mutual Insurance, American International Group, Inc. (NYSE:AIG), and State Farm Insurance are some of the prominent names in the building insurance industry. Let’s discuss some recent updates from these companies. You can also take a look at the best manufactured home insurance companies heading into 2024.

Nationwide Mutual Insurance is an insurance and financial services company based in Ohio. The company provides car insurance, motorcycle insurance, homeowners insurance, pet insurance, farm insurance, life insurance, and commercial insurance. On October 24, Nationwide Mutual Insurance announced a partnership with Resideo Technologies, Inc. (NYSE:REZI). Resideo Technologies, Inc. (NYSE:REZI) is a prominent name in the security industry, and this partnership will guarantee greater protection for homes. The company provides Honeywell Home smart thermostats and First Alert Solutions. The partnership will allow homeowners across the United States to acquire tech-based prevention tools against damage and expenses. The device packages are expected to be released early in 2024.

American International Group, Inc. (NYSE:AIG) is a leading finance and insurance multinational. The company provides its services in property insurance, casualty insurance, and finance across the globe. The large footprint of the company explain its solid financial results. On November 1, American International Group, Inc. (NYSE:AIG) reported earnings for the fiscal third quarter of 2023. The company reported earnings per share of $1.61, beating estimates by $0.13. The company also posted revenue worth $12.77 billion during the quarter, ahead of market consensus by $212.60 million.

State Farm Insurance is a mutual insurance company based in Illinois, United States. The company provides a range of insurance services including property insurance, casualty insurance, and auto insurance. State Farm Insurance is also committed to enhancing its technological footprint. On September 14, the company introduced a new application for its life insurance customers. The Life Enhanced application allows users to track their personal health and wellness, access planning tools, and donate to charities. Users can also connect the app with a wearable device or a fitness application to earn rewards. Moreover, users will be able to plan their life insurance with “FreeWill,” one of the largest planning tools in the United States.

While the companies we just discussed are notable names in the industry, some of the biggest companies in the building insurance space include Allianz SE (OTC:ALIZY), Chubb Limited (NYSE:CB), and The Progressive Corporation (NYSE:PGR). Let’s take a look at the 15 best building insurance companies heading into 2024. You can also take a look at the states with the most expensive home insurance.

15 Best Building Insurance Companies Heading into 2024

Our Methodology

We employed a consensus approach to come up with the 15 best building insurance companies heading into 2024. We sifted through 5 industry reports including Allied Market Research, GM Insights, Straits Research, Verified Market Research, and Maximize Market Research. This thorough process enabled us to list the 20 best building insurance companies heading into 2024. We then sourced the market cap for publicly listed companies or the latest annual revenue for private companies to identify the 15 best building insurance companies heading into 2024. We sourced market caps from Yahoo Finance, and annual revenue from official company reports.

For some private companies, we were unable to source the reported annual revenue. For such companies, we decided to rank them based on the number of employees or associates, which we sourced from companies’ official websites, as it reflects the size and position of a company in the industry. The number of employees may not be entirely accurate to quantify a company’s valuation, but a close depiction of the company’s position in the industry.

The list of the 15 best building insurance companies heading into 2024 is in ascending order of the market capitalization as of December 16, 2023, or annual revenue for the latest year available.

15 Best Building Insurance Companies Heading into 2024

15. Farmers Insurance

Number of Employees: 21,000

Farmers Insurance is a leading building insurance company heading into 2024. The American insurer provides coverage across multiple insurance lines. Under its building insurance policy, the company provides comprehensive coverage for damages caused by fire, smoke, theft, vandalism, lightning, water, and falling objects. Farmers Insurance is home to 21,000 employees and 48,000 exclusive agents.

Some of the best insurance stocks to buy according to hedge funds include Allianz SE (OTC:ALIZY), Chubb Limited (NYSE:CB), and The Progressive Corporation (NYSE:PGR).

14. Admiral Group plc (OTC:AMIGY)

Market Capitalization as of December 16, 2023: $10.33 Billion

Admiral Group plc (OTC:AMIGY) is an insurance company based in the United Kingdom and ranks among the best building insurance companies heading into 2024. The company provides coverage for auto insurance, car insurance, and home insurance. For its buildings insurance policy, the company insures the entire building, pays for replacement locks and alternative accommodation, and provides property owners liability. The company offers its insurance policy in three plans including the Admiral Cover, Admiral Gold Cover, and Admiral Platinum Cover. Admiral Group plc (OTC:AMIGY) boasts a market cap of $10.33 billion, as of December 16.

13. The Hartford Financial Services Group, Inc. (NYSE:HIG)

Market Capitalization as of December 16, 2023: $24.01 Billion

The Hartford Financial Services Group, Inc. (NYSE:HIG) has a market cap of $24.01 billion, as of December 16, and is one of the best building insurance companies heading into 2024. The company is based in the United States and provides a range of insurance policies across business, home, and car insurance lines. Under its business insurance policy, The Hartford Financial Services Group, Inc. (NYSE:HIG) provides coverage for property, attached structures, and personal belongings. The company also pays for repairing and rebuilding costs

12. The People’s Insurance Company (Group) of China Limited (OTC:PINXF)

Market Capitalization as of December 16, 2023: $32.17 Billion

The People’s Insurance Company (Group) of China Limited (OTC:PINXF) is one of the best building insurance companies heading into 2024. The company is based in Beijing, China, and provides a range of coverage including travel insurance, accident insurance, home insurance, health insurance, business insurance, and life insurance. Under its building insurance policy, the company provides coverage for damages to property and physical assets. The People’s Insurance Company (Group) of China Limited (OTC:PINXF) has a market cap of $32.17 billion, as of December 16.

11. The Allstate Corporation (NYSE:ALL)

Market Capitalization as of December 16, 2023: $36.39 Billion

The Allstate Corporation (NYSE:ALL) ranks among the best building insurance companies heading into 2024. The company provides a range of insurance services across vehicle, property, life, and business insurance lines. Under its building insurance policy, the company provides coverage against damages caused by theft, fire and smoke, windstorms, hail, falling objects, and water damage from plumbing. The Allstate Corporation (NYSE:ALL) has a market cap of $36.39 billion, as of December 16.

10. The Travelers Companies, Inc. (NYSE:TRV)

Market Capitalization as of December 16, 2023: $41.75 Billion

With a market cap of $41.75 billion, as of December 16, The Travelers Companies, Inc. (NYSE:TRV) ranks among the best building insurance companies heading into 2024. The company provides coverage across auto, home, renters, condo, umbrella, boat, travel, pet, and motorcycle insurance lines. Under its building insurance policy, the company protects personal property and belongings against damages. The Travelers Companies, Inc. (NYSE:TRV) also offers compensation for any injuries on the property and provides compensation for replacement, temporary building, and legal costs.

9. American International Group, Inc. (NYSE:AIG)

Market Capitalization as of December 16, 2023: $46.34 Billion

American International Group, Inc. (NYSE:AIG) is one of the best building insurance companies heading into 2024. The company was founded in 1919 and provides insurance coverage for property and casualty insurance across 80 countries. Under its building insurance policy, the company protects commercial property against theft, storms, and disasters. American International Group, Inc. (NYSE:AIG) has a market cap of $46.34 billion, as of December 16, 2023.

8. Liberty Mutual Insurance

Annual Revenue (2022): $50.00 Billion

Liberty Mutual Insurance reported annual revenue worth $50 billion in 2022 and ranks among the best building insurance companies heading into 2024. The company provides customized insurance policies across auto, home, and life insurance lines. Under its building or homeowners insurance policy, the company provides coverage for homes and personal belongings in case of damage due to theft, fire, or severe weather. Liberty Mutual Insurance also covers injuries happening on the property in case of damages.

7. Nationwide Mutual Insurance

Annual Revenue (2022): $56.80 Billion

Nationwide Mutual Insurance is one of the largest groups of insurers and financial service providers in the United States. The company was founded in 1926 and provides insurance for cars, motorcycles, homeowners, pets, and farms. Under its building insurance policy, the company provides coverage for the entire home in case of damages and provides compensation for alternative accommodation and replacement. Nationwide Mutual Insurance reported annual revenue worth $56.8 billion in 2022.

6. AXA SA (OTC:AXAHY)

Market Capitalization as of December 16, 2023: $71.68 billion

AXA SA (OTC:AXAHY) is a leading building insurance company heading into 2024. The company is based in Paris, France. The company provides insurance coverage for multiple lines of insurance in 51 countries. The company provides three building insurance plans including AXA Premier Home Insurance, AXA Plus Home Insurance, and AXA Home Insurance. These packages provide coverage for accidental damage and compensation for emergency expenses and replacement. AXA SA (OTC:AXAHY) boasts a market cap of $71.68 billion, as of December 16.

Some of the top stocks that are on the radars of Wall Street analysts include Allianz SE (OTC:ALIZY), Chubb Limited (NYSE:CB), and The Progressive Corporation (NYSE:PGR).

Click to continue reading and see the 5 Best Building Insurance Companies Heading into 2024.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up

15 Best Building Insurance Companies Heading into 2024

Published on December 20, 2023 at 9:52 am by Maleha Afzal in Business, Industries, Lists, News

Is Artificial Intelligence Changing the Insurance Landscape?

Prominent Names in the Building Insurance Industry

15 Best Building Insurance Companies Heading into 2024

15. Farmers Insurance

14. Admiral Group plc (OTC:AMIGY)

13. The Hartford Financial Services Group, Inc. (NYSE:HIG)

12. The People’s Insurance Company (Group) of China Limited (OTC:PINXF)

11. The Allstate Corporation (NYSE:ALL)

10. The Travelers Companies, Inc. (NYSE:TRV)

9. American International Group, Inc. (NYSE:AIG)

8. Liberty Mutual Insurance

7. Nationwide Mutual Insurance

6. AXA SA (OTC:AXAHY)

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Premium

Log In

Sign Up

15 Best Building Insurance Companies Heading into 2024

Published on December 20, 2023 at 9:52 am by Maleha Afzal in Business, Industries, Lists, News

Share

Is Artificial Intelligence Changing the Insurance Landscape?

Prominent Names in the Building Insurance Industry

15 Best Building Insurance Companies Heading into 2024

15. Farmers Insurance

14. Admiral Group plc (OTC:AMIGY)

13. The Hartford Financial Services Group, Inc. (NYSE:HIG)

12. The People’s Insurance Company (Group) of China Limited (OTC:PINXF)

11. The Allstate Corporation (NYSE:ALL)

10. The Travelers Companies, Inc. (NYSE:TRV)

9. American International Group, Inc. (NYSE:AIG)

8. Liberty Mutual Insurance

7. Nationwide Mutual Insurance

6. AXA SA (OTC:AXAHY)

Share

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff