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This industry is comprised of establishments primarily engaged in financial transactions (transactions involving the creation, liquidation or change of ownership of financial assets) and/or in facilitating financial transactions. These establishments are divided by activities performed into those which: (1) raise funds by taking deposits and/or issue securities and, in the process, incur liabilities; (2) pool risk by underwriting insurance and annuities; and (3) provide specialized services facilitating or supporting financial intermediation, insurance and employee benefit programs. Financial industries rely extensively on electronic means for virtually every aspect of their services; therefore, establishments which principally provide a financial processing service are classified in this industry, rather than Information. Examples include:

  • Commercial Banking and Credit Unions
  • Mortgage and Nonmortgage Loan Brokers
  • Portfolio Management
  • Insurance Agencies and Brokerages
  • Claims Adjusting

Companies in Finance and Insurance