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Sentry Completes Acquisition of The General from American Family Insurance

January 2, 2025 By CollisionWeek Editor

Acquisition strengthens Sentry Insurance position in non-standard auto insurance market. Sentry Insurance, one of the nation’s top mutual insurance companies, yesterday announced the completion of its acquisition of The General , a leading provider of non-standard auto (NSA) insurance, from American Family Insurance. The $1.7 billion transaction, first announced in September, represents the largest acquisition […]

Filed Under: News Tagged With: Acquisitions, American Family, Sentry, Tennessee, The General

Safeco Insurance Announces Book Transfer Agreement for Main Street America Personal Lines Business

November 13, 2024 By CollisionWeek Editor

Agreement includes seven lines of business, including auto, in 22 states. Safeco Insurance, a Liberty Mutual company, has entered into a book transfer agreement with Main Street America Insurance, a well-established property and casualty carrier currently offering commercial and farm and ranch products as well as fidelity and surety bonds nationwide. In 2018, Main Street […]

Filed Under: News Tagged With: Acquisitions, American Family, Liberty Mutual Insurance, Main Street America, Safeco

American Family Insurance Group to Raise in Minimum Pay to $25 per Hour Next Year

September 20, 2024 By CollisionWeek Editor

American Family Insurance Group announced it is raising its minimum hourly wage to $25 per hour – its third increase since 2020 – to draw and retain talent to best serve its customers.  The wage increase will take effect in January 2025. “As a customer-driven organization, it’s critical to invest in our employees who provide […]

Filed Under: News Tagged With: American Family, Minimum Wage

Sentry Insurance to Acquire The General from American Family

September 12, 2024 By CollisionWeek Editor

$1.7 billion acquisition expands Sentry’s reach in non-standard auto insurance. Sentry Insurance announced it will acquire The General from American Family Insurance for approximately $1.1 billion in cash consideration. Including the value of assumed liabilities and required capital, the total transaction value will be $1.7 billion. The transaction is expected to close by year-end 2024, […]

Filed Under: News Tagged With: Acquisitions, American Family, Sentry, The General

American Family’s Westrate Elected Chair of IIHS Board of Directors

January 17, 2024 By CollisionWeek Editor

Bill Westrate, chair and chief executive officer of American Family Insurance, has been elected chair of the Insurance Institute for Highway Safety’s Board of Directors for 2024. Westrate takes over from Scott Wesley Ziegler, who is retiring from Progressive Insurance, where he was general manager of personal lines. “IIHS exemplifies the collective power and impact […]

Filed Under: News Tagged With: American Family, Board of Directors, Insurance Institute for Highway Safety, People

State Farm Premiums Written Up Nearly 24% in Second Quarter

September 22, 2023 By CollisionWeek Editor

S&P Global says the company remains largest auto insurer in the U.S. State Farm Mutual Automobile Insurance Co. remained the largest personal auto insurer in the US during the second quarter amid a record quarter for the sector, according to an S&P Global Market Intelligence analysis. The insurer’s direct premiums written surged nearly 24% — […]

Filed Under: News Tagged With: Allstate, American Family, GEICO, Liberty Mutual Insurance, Net Written Premiums, Progressive, S&P Global Market Intelligence, State Farm, USAA

Mark Afable and Cory Nettles Join the American Family Board

August 15, 2023 By CollisionWeek Editor

American Family’s board of directors has elected two new members, Mark Afable and Cory Nettles. They will begin their service January 1, 2024. “A strong board of directors with broad and diverse experience and backgrounds is essential to fulfilling our purpose as a mutual company,” said Bill Westrate, chair-elect of the board and American Family […]

Filed Under: News Tagged With: American Family, Board of Directors, People

American Family Joins The Climate Pledge

September 20, 2022 By CollisionWeek Editor

American Family Insurance has become the first U.S.-based insurance company to join more than 375+ national and global companies across more than 53 industries and 34 countries in further committing to taking climate action by signing The Climate Pledge. Co- founded by Amazon and Global Optimism in 2019, The Climate Pledge is a commitment to […]

Filed Under: News Tagged With: American Family, Greenhouse Gas Emissions

American Family Insurance Partners with Tractable to Streamline Claims Operations

July 13, 2022 By CollisionWeek Editor

American Family Insurance is partnering with Tractable to apply its artificial intelligence (AI) solutions. Specifically, American Family Insurance Claims Services (AFICS) will be using Tractable as part of its claims subrogation settlement process. American Family is one of the earliest top ten private passenger auto carriers in the US to apply Tractable’s AI to claims, […]

Filed Under: News Tagged With: American Family, Artificial Intelligence, Subrogation, Tractable

American Family Insurance Announce Raise in Minimum Pay to $23 per Hour

February 10, 2022 By CollisionWeek Editor

The increase in minimum wage, the second in two years, will result in raises for more than 2,000 employees at American Family group companies. American Family Insurance group announced it is raising its minimum hourly wage to $23 per hour – its second increase in two years – to draw and retain talent to serve […]

Filed Under: News Tagged With: American Family

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