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You are here: Home / Archives for American Family

GM Plans $6 Billion Revenue Goal for OnStar Insurance by 2030

October 8, 2021 By CollisionWeek Editor

Vehicle manufacturer details goals to market insurance products and transform claims and parts procurement through its ecosystem of dealers and certified repair facilities. General Motors Co. (NYSE: GM) provided a detailed roadmap of how the company plans to double its annual revenue and expand margins to 12 to 14 percent by 2030, as a result […]

Filed Under: Feature Tagged With: American Family, General Motors, OnStar Insurance

American Family Extends Auto Insurance Premium Relief through May but Anticipates Increased Driving and Claims as Vaccines Roll Out

February 19, 2021 By CollisionWeek Editor

Fourth round of relief will issue customers a 5% premium credit for April and May. American Family Insurance announced today it will continue to provide premium relief to personal auto insurance customers due to reduced driving and claims from the COVID-19 pandemic. New and existing customers with personal auto policies will receive a 5% premium […]

Filed Under: News Tagged With: American Family, Coronavirus

American Family Extends 10% Auto Insurance Credits Through March 2021

November 20, 2020 By CollisionWeek Editor

American Family Insurance announced its third round of premium relief for personal auto insurance customers due to decreased driving and claims from COVID-19, increasing the total amount of relief to $500 million since the pandemic began. American Family Insurance announced today its third round of premium relief for personal auto insurance customers due to decreased […]

Filed Under: News Tagged With: American Family, Coronavirus, Premiums

Bill Westrate to Succeed Jack Salzwedel as American Family CEO in 2022

August 13, 2020 By CollisionWeek Editor

American Family Insurance group announced a succession plan for Chair and Chief Executive Officer Jack Salzwedel, reinforcing its commitment to business growth, an innovative and inclusive work culture, and strong involvement in communities where its customers live and work. The plan, which was initiated by Salzwedel two years ago and developed with the board of […]

Filed Under: News Tagged With: American Family, People

Consumer Groups Applaud Allstate And American Family Shelter-In-Place Auto Insurance Refunds

April 7, 2020 By CollisionWeek Editor

Groups urge other auto insurers to do the same. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) applauded insurers Allstate and American Family Insurance for promising premium relief to policyholders totaling $800 million. This reflects a sharp drop in auto insurance claims resulting from far fewer miles driven as millions […]

Filed Under: News Tagged With: Allstate Insurance, American Family, Auto Insurance, Center for Economic Justice, Consumer Federation of America, Coronavirus, Premiums

Allstate and American Family Announce Programs to Return Portion of Premiums to Auto Insurance Customers

April 6, 2020 By CollisionWeek Editor

Both Allstate Insurance and American Family announced programs to return a portion of paid insurance premiums back to customers given dramatic declines in driving and accidents in as a result of shelter-in-place orders from states around the country. As CollisionWeek reported on April 3, weekly fuel consumption declined substantially in the second half of March […]

Filed Under: News Tagged With: Allstate Insurance, American Family, Coronavirus, Premiums

American Family Insurance to Raise Minimum Pay to $20 Per Hour

January 27, 2020 By CollisionWeek Editor

The American Family Insurance group companies announced it is raising its minimum hourly rate to $20 per hour. The rate increase for employees is effective retroactive to January 1, 2020. The raise in minimum wage will result in raises for nearly 1,700 employees at American Family group companies. The group employs nearly 13,500 employees across […]

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

American Family Acquires Ameriprise Auto & Home for $1.05 Billion

April 3, 2019 By CollisionWeek Editor

American Family Insurance Mutual Holding Company announced it has reached agreement to acquire Ameriprise Auto & Home (AAH), a De Pere, Wisconsin-based property-casualty insurance provider that primarily sells its products through a partnership with wholesale retailer Costco.  “With our proven track record and strong investments in our people, technology and other innovations, we know what […]

Filed Under: News Tagged With: Acquisitions, American Family

American Family Reports 107 Auto Combined Ratio in 2018

March 6, 2019 By CollisionWeek Editor

American Family reported its financial results for 2018. The insurer added $955 million to policyholder equity in 2018. This brings the group’s total equity to $9 billion, due largely to its merger with Florida-based mutual insurance company Main Street America, completed Oct. 31. American Family was not immune to drops in the financial markets as […]

Filed Under: News Tagged With: American Family, Combined Ratio, Earnings

Deer Crashes Down

October 1, 2018 By CollisionWeek Editor

2018 Deer Hit Map

State Farm annual report shows reduction in deer-related crashes. American Family reports higher deer hit claim costs. The 16th annual State Farm deer-vehicle collision study shows that overall in the U.S., drivers were less likely – one in 167 – to have a crash involving a collision with deer, elk, moose, or caribou. Last year’s […]

Filed Under: News Tagged With: American Family, Animal Collisions, Claim Frequency, State Farm

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