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National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina–based property and casualty insurance company. The company was founded in 1920. The company is the only insurance company in the United States to originate within the automotive industry.
In 1999, Illinois-based Allstate Insurance Company purchased the personal lines insurance business from CNA Financial when CNA moved toward commercial lines. Allstate then introduced the Encompass name to its subsidiary in 2000. Encompass distributes its products through 6,500 independent agency locations in 42 states. [3]
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 ...
Allstate [8] American Automobile Association (AAA) [9] American Family Insurance [10] American Income Life Insurance Company; American International Group (AIG) [11] [12] American National Insurance Company [13] American Strategic Insurance (ASI) [14] Ameriprise Auto & Home Insurance; Ameriprise Financial [15] [16] Ameritas Life Insurance ...
Allstate Corporation has announced the acquisition of National General Holdings Corp for approximately $4 billion in cash, or $34.50 per share.
Esurance was founded in 1999 by Jean-Bernard Duler, Jeffrey L. Goodman, Huyen Bui, David Griffin, and Charles Wallace, and became one of the first insurance companies to sell policies directly to consumers over the internet, instead of using in-person meetings or phone calls. [1]
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U.S. insurer Allstate Corp. (ALL) has agreed to acquire National General Holdings Corp.(NGHC) for about $4 billion in cash, or $34.50 per share.As part of the takeover deal National General ...