In this article, we will take a look at the 5 best flood insurance companies heading into 2024. If you wish to see our detailed analysis, you can go to 15 Best Flood Insurance Companies Heading into 2024.
5. Tokio Marine Holdings, Inc. (OTC:TKOMY)
Market Capitalization: $51.66 Billion
The best flood insurers heading into 2024 include Tokio Marine Holdings, Inc. (OTC:TKOMY). It is one of the largest property and casualty insurers in Japan. The company’s private flood solutions offer broader coverages, competitive rates, and quick claim processing. Specific coverage is provided to meet the needs of single-family homeowners, commercial property owners, and residential condominium associations. Tokio Marine Holdings, Inc. (OTC:TKOMY) is worth $51.66 billion, as of December 11.
4. Zurich Insurance Group Ltd (OTC:ZURVY)
Market Capitalization: $74.97 Billion
Zurich Insurance Group Ltd (OTC:ZURVY) ranks as one of the 15 best flood insurance companies heading into 2024. It is a Swiss insurance company, headquartered in Zürich. Zurich’s Residential Private Flood Insurance program is a customizable private flood insurance product available in select markets. The coverage can be tailored to help make each insured property more resilient against floods. As of December 11, Zurich Insurance Group Ltd (OTC:ZURVY) is valued at $74.97 billion.
3. Chubb Limited (NYSE:CB)
Market Capitalization: $90.95 Billion
Chubb Limited (NYSE:CB) is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance. The company provides the added protection homeowners need with a separate flood policy. Choosing Chubb flood insurance keeps clients protected from water damage, with coverage starting as low as $500 a year. As of December 11, Chubb Limited (NYSE:CB) is worth $90.95 billion on the open market.
Follow Chubb Corp (Old Insider Filings) (NYSE:CB)
Follow Chubb Corp (Old Insider Filings) (NYSE:CB)
2. Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY)
Market Capitalization: $91.20 Billion
Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY) ranks as one of the best flood insurance companies heading into 2024. It evolved from Ping An Insurance Company to Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY), one of the largest integrated financial groups in China. It has handled numerous claims from policyholders as a result of heavy rains which led to flooding in China. As of December 11, the company is valued at $91.20 billion.
1. The Progressive Corporation (NYSE:PGR)
Market Capitalization: $94.28 Billion
The Progressive Corporation (NYSE:PGR) is an American insurance company. Other than offering flood insurance, the company insures passenger vehicles, motorcycles, RVs, trailers, boats, PWC, and commercial vehicles. It partners with American Strategic Insurance to provide Write Your Own (WYO) flood insurance for the National Flood Insurance Program. Hence, it caters to flooding which is a common natural disaster in the US. As of December 11, The Progressive Corporation (NYSE:PGR) is worth $94.28 billion.
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Follow Progressive Corp (NYSE:PGR)
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