Insurance Industry Description
The insurance industry in Alabama is a significant contributor to the state's economy. The industry provides a range of insurance products, including auto, home, health, life, and business insurance. Alabama has a competitive insurance market, with many national and regional insurance companies operating in the state. The state's insurance industry is regulated by the Alabama Department of Insurance, which oversees licensing, consumer protection, and market conduct. The department also provides resources for consumers to help them make informed decisions about insurance products. In recent years, the insurance industry in Alabama has faced challenges related to natural disasters, such as hurricanes and tornadoes, which have led to increased claims and higher premiums. However, the industry has remained resilient and continues to provide essential services to individuals and businesses throughout the state.
244
COMPANIES
18.5 Billion
TOTAL VALUE
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Related Industries
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Avg Salary in Insurance
$79,540
AVG SALARY
Top Companies
| COMPANY NAME | INDUSTRY | LOCATION | REVENUE | EMPLOYEES |
|---|---|---|---|---|
|
United States, Alabama |
250 Million to 500 Million |
10001+ |
||
|
United States, Alabama |
1 Billion and Over |
1001-5000 |
||
|
United States, Alabama |
1 Billion and Over |
1001-5000 |
||
|
United States, Alabama |
1 Billion and Over |
501-1000 |
||
|
United States, Alabama |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Alabama |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Alabama |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Alabama |
100 Million to 250 Million |
501-1000 |
||
|
United States, Alabama |
250 Million to 500 Million |
201-500 |
||
|
United States, Alabama |
250 Million to 500 Million |
201-500 |
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Segmentation by Revenue
Industry + State Overview
The banking and finance industry in Alabama plays a crucial role in the state's economy. It encompasses a wide range of financial institutions, including commercial banks, credit unions, investment firms, and insurance companies. These institutions provide various financial services to individuals, businesses, and government entities. Alabama's banking sector is well-developed and highly competitive, with both national and regional banks operating in the state. Some of the major banks headquartered in Alabama include Regions Financial Corporation, BBVA USA, and Cadence Bank. These banks offer a comprehensive range of services, including personal and business banking, loans, mortgages, and investment products. Credit unions also play a significant role in Alabama's financial landscape, providing financial services to their members. These member-owned cooperatives offer competitive interest rates on savings accounts, loans, and credit cards. They often focus on serving specific com...
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FAQs
1
What are the top 3 Insurance companies in Alabama?
The top Insurance companies in Alabama are Blue Cross and Blue Shield of Alabama, Protective Life and Infinity Insurance. To view a full list of companies in this industry, please sign in to CIENCE GO Data.
2
How are these Insurance companies ranked in Alabama?
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
3
How many Insurance companies are headquartered in Alabama?
There are approximately 244 of Insurance companies in the US according to the latest CIENCE data.
4
What is the economic impact of the Insurance in Alabama?
The median revenue for Insurance companies in the US is 2500000.
5
Is the Alabama region known for its Insurance sector?
Yes, the Insurance industry in Alabama is known for Insurance as there are 244 companies in Alabama.
6
What is the average revenue of Insurance companies in Alabama?
The average revenue for Insurance companies in Alabama is 75969262.
7
How can I find job opportunities in the Insurance in Alabama?
You can find job opportunities in the Insurance in Alabama through online job portals, company websites, and industry-specific job fairs. Each company listed in the CIENCE database includes known company phone numbers and website information.
8
Where are other Insurance companies located?
The overall Insurance industry main page is found here.
FAQs
The top Insurance companies in Alabama are Blue Cross and Blue Shield of Alabama, Protective Life and Infinity Insurance. To view a full list of companies in this industry, please sign in to CIENCE GO Data.
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
There are approximately 244 of Insurance companies in the US according to the latest CIENCE data.
The median revenue for Insurance companies in the US is 2500000.
Yes, the Insurance industry in Alabama is known for Insurance as there are 244 companies in Alabama.
The average revenue for Insurance companies in Alabama is 75969262.
You can find job opportunities in the Insurance in Alabama through online job portals, company websites, and industry-specific job fairs. Each company listed in the CIENCE database includes known company phone numbers and website information.
The overall Insurance industry main page is found here.
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