GMAC Insurance

From Wikipedia, the free encyclopedia
Jump to: navigation, search
GMAC Insurance
Type Subsidiary of Ally Financial
Industry Insurance and finance
Founded 1939
Headquarters Winston-Salem, NC, USA
Products Auto insurance
Website www.gmacinsurance.com
GMAC Insurance Tower in Downtown Winston-Salem

Founded in 1939 as Motors Insurance Corporation, the GMAC Insurance Group is a property and casualty insurance company in the United States and is a subsidiary of Ally Financial. Ally has agreed to sell GMAC Insurance Group to Maiden Holdings pending regulatory approval.[1]

GMAC Insurance is the only insurance company in the United States to come from within the automotive industry.

The GMAC Insurance umbrella constitute the 15th-largest underwriting company in the United States.[2]

The owners of GMAC insurance are the Karfunkels.

In March 2012, GMAC Insurance was added to the CoverHound comparison shopping platform.[3]

Effective July 1, 2013, GMAC Insurance changed its name to National General Insurance.[4]

References[edit]

  1. ^ Majority of GMAC Insurance Group to be Acquired by Maiden Holdings. Globalsurance. Retrieved on 2013-09-04.
  2. ^ Net Quotes. GMAC Insurance Information Net Quotes, December 30, 2007.
  3. ^ "CoverHound Adds GMAC Insurance to Comparative Shopping Platform". Yahoo! Finance. March 2012. 
  4. ^ Insurance Journal [1] Insurance Journal, June 20, 2013