It's a badge of honor for a company to be named to the annual Fortune 500 list, and it could be taken as an even greater sign that the insurance industry as a whole comprises about 10% of all companies mentioned.

While the total number of insurers dropped to 47 from 49 in 2010, the individual rankings of this year's insurers seemed to improve slightly. Berkshire Hathaway, which ranks No. 7 overall in 2011, is up from No. 11 in 2010, as the highest-rated insurer. American International Group Inc. is the next-highest rated insurer this year (No. 17), down one spot from last year, while UnitedHealth Group—the top-rated health insurer—also fell one spot to No. 22.

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