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You are here: Home / Archives for National General

Department of Justice Sues National General for Falsely Placing Insurance on More Than 650,000 Financed Vehicles

July 26, 2024 By CollisionWeek Editor

Alleges insurance was placed on vehicles financed by Wells Fargo even though borrowers already had insurance from other carriers. The United States has filed a civil complaint under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) against National General Holdings Corp. and its subsidiaries alleging that, for over a decade, National General erroneously force-placed […]

Filed Under: News Tagged With: Allstate, Department of Justice, Lawsuits, National General

Allstate Announces Auto Rate Increases of Over 11% in 12 Markets

July 21, 2023 By CollisionWeek Editor

National General brand auto rates also increasing. Announces $1 billion in catastrophe losses for June. The Allstate Corporation (NYSE: ALL) yesterday announced that during the month of June, the Allstate brand implemented auto rate increases of 11.6% across 12 locations, resulting in total brand premium impact of 2.6%. In addition, Allstate reported National General brand […]

Filed Under: News Tagged With: Allstate, National General, Premiums

Allstate Closes National General Acquisition

January 5, 2021 By CollisionWeek Editor

The Allstate Corporation (NYSE: ALL) announced that it closed its  previously announced $4 billion acquisition of National General Holdings Corp. “The acquisition of National General advances our strategy of growing personal lines insurance with an increase of 1 percentage point in market share. Independent agents will now have more protection offerings for customers, with a […]

Filed Under: News Tagged With: Acquisitions, Allstate Insurance, National General

Allstate Acquires National General

July 8, 2020 By CollisionWeek Editor

The Allstate Corporation (NYSE: ALL) announced it will acquire National General Holdings Corporation for approximately $4 billion in cash, or $34.50 per share. The transaction is expected to close in early 2021, subject to regulatory approvals and other customary closing conditions. “Acquiring National General accelerates Allstate’s strategy to increase market share in personal property-liability and […]

Filed Under: News Tagged With: Acquisitions, Allstate Insurance, National General

National General Holdings to Acquire National Farmers Union Insurance

November 14, 2018 By CollisionWeek Editor

National General Holdings Corp logo

National General Holdings Corp. (NASDAQ:NGHC) announced that it has agreed to acquire National Farmers Union Property and Casualty Company from QBE North America, an integrated specialist insurer. National Farmers Union Insurance is a Wisconsin domiciled P&C insurance company that predominantly writes personal and farm auto and farm and homeowners’ insurance in the Midwestern United states. […]

Filed Under: News Tagged With: Acquisitions, National General

National General Acquires Renewal Rights for Nationwide Non-Standard Auto Business

December 14, 2016 By CollisionWeek Editor

National General Holdings Corp. (NGHC) on December 8 announced that it has entered into a renewal rights transaction with Nationwide Mutual Insurance Company for its personal and commercial non-standard vehicle in-force policies.  National General will partner with Nationwide’s exclusive and independent agent force to sell its policies to their non-standard auto customers. National General Chief […]

Filed Under: News Tagged With: Acquisitions, National General, Nationwide Insurance

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