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On July 1, 2013, GMAC Insurance changed its name to National General Insurance. [12] The Winston-Salem operation moved from downtown to Madison Park in June 2014. [13] In July 2020, Allstate announced it was acquiring National General for $4 billion. The deal closed in January 2021. [14] [15]
NAMIC member companies account for 50% of the automobile/homeowners market share and 31 percent of the business insurance market share. More than 200,000 people are employed by NAMIC member companies. The association was incorporated in 1920 in Indianapolis, Indiana, where its national headquarters is
The General Automobile Insurance Services, Inc., or simply The General, is a licensed insurance agency that is a subsidiary of Sentry Insurance that focuses on auto insurance. In 2012, the company was acquired by American Family Insurance ; The General brand still remains as a separate brand. [ 1 ]
Diversity Award - National African American Insurance Association National Conference (2011, 2013) Interface Partner Award - Applied Systems (2012) Encompass is backed by a number of independent rating agencies based on profitability, adequacy of capital liquidity, company management and investment risk. [7]
Acquisitions include Velapoint in the health insurance field in February 2012, Personal Express in the homeowner’s insurance area in 2014, Direct General Corporation in the non-standard auto insurance in 2016, and Quotit in 2017 and Leadcloud in 2018 in the data and analytics area.
In July 2020, Allstate announced it was acquiring National General for $4 billion. The deal closed in January 2021. [24] [25] In 2021 Allstate completed sale of its life insurance and annuity businesses. [26] One of the divested businesses was Allstate Life Insurance Company of New York, which became part of Wilton Reassurance Life Company of ...
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