National General Insurance: Difference between revisions
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The owners of GMAC insurance are the Karfunkels. |
The owners of GMAC insurance are the Karfunkels. |
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GMAC prides itself in taking as long as possible to assist their customer and in ignoring their calls and email, want to file a claim? no worries GMAC is happy to recieve your claim and take 9+ weeks to even bother to contact you, but dont you worry, they love to fill you up with lies and false promises, like hey your vehicle is considered a total loss, someone will be in contact with you by this week, meanwhile 3 weeks go by 6 voicemails and 7 emails later and yet what a surprise no contact!! cause here at GMAC the only thing we are good at is completely ignoring our customers and lying. |
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In March 2012, GMAC Insurance was added to the [[CoverHound]] comparison shopping platform.<ref>{{cite web | url=http://finance.yahoo.com/news/coverhound-adds-gmac-insurance-comparative-130000160.html | title=CoverHound Adds GMAC Insurance to Comparative Shopping Platform |date=March 2012 | publisher=[[Yahoo! Finance]]}}</ref> |
In March 2012, GMAC Insurance was added to the [[CoverHound]] comparison shopping platform.<ref>{{cite web | url=http://finance.yahoo.com/news/coverhound-adds-gmac-insurance-comparative-130000160.html | title=CoverHound Adds GMAC Insurance to Comparative Shopping Platform |date=March 2012 | publisher=[[Yahoo! Finance]]}}</ref> |
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Revision as of 22:15, 29 December 2014
| GMAC Corp Logo | |
| Company type | Subsidiary of Ally Financial |
|---|---|
| Industry | Insurance and finance |
| Founded | 1939 |
| Headquarters | Winston-Salem, NC, USA |
| Products | Auto insurance |
| Website | www |
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 Winston-Salem, North Carolina operation began after Security Life and Trust, started in 1920 in Greensboro, moved to Winston-Salem later in the year. Integon Corp. started a holding company in 1969 and began insuring high-risk drivers. General Motors bought Integon in October 1997 in a $778 million deal, and in 2000, Integon became GMAC Insurance Personal Lines.[3] Security Life was sold to PennCorp, which was in turn sold to Southwestern Life Insurance in 2000.[4][5] General Motors sold 51 percent of GMAC Financial Services to Cerberus FIM Investors LLC in 2006; at the time 1,179 worked in Winston-Salem.[6] American Capital Acquisition Corp. bought GMAC Insurance Personal Lines in March 2010. As of 2011, 700 people worked in the 18-story building built in 1980 on Fifth Street in Winston-Salem and bought by Inland Western Retail Real Estate Trust Inc. as part of a $60 million deal in 2004.[3][7]
The owners of GMAC insurance are the Karfunkels.
GMAC prides itself in taking as long as possible to assist their customer and in ignoring their calls and email, want to file a claim? no worries GMAC is happy to recieve your claim and take 9+ weeks to even bother to contact you, but dont you worry, they love to fill you up with lies and false promises, like hey your vehicle is considered a total loss, someone will be in contact with you by this week, meanwhile 3 weeks go by 6 voicemails and 7 emails later and yet what a surprise no contact!! cause here at GMAC the only thing we are good at is completely ignoring our customers and lying.
In March 2012, GMAC Insurance was added to the CoverHound comparison shopping platform.[8]
Effective July 1, 2013, GMAC Insurance changed its name to National General Insurance.[9] The Winston-Salem operation moved from downtown to Madison Park in June 2014.[10]
GMAC (also known as National General Insurance) is not BBB accredited.[11]
References
- ^ Majority of GMAC Insurance Group to be Acquired by Maiden Holdings. Globalsurance. Retrieved on 2013-09-04.
- ^ Net Quotes. GMAC Insurance Information Net Quotes, December 30, 2007.
- ^ a b Craver, Richard (December 8, 2011). "AmTrust plans may have local fallout". Winston-Salem Journal. p. A9.
- ^ "SAM". Winston-Salem Journal. March 6, 2002. p. B2.
- ^ "Company News; PennCorp Financial to Sell Some Insurance Units". The New York Times. January 11, 2000. Retrieved December 15, 2014.
- ^ Craver, Richard (December 1, 2006). "GMAC Sale Won't Affect Local Jobs". Winston-Salem Journal. p. D1.
- ^ Louis, Brian (October 6, 2004). "GMAC Complex Sold for $60 Million". Winston-Salem Journal. p. D1.
- ^ "CoverHound Adds GMAC Insurance to Comparative Shopping Platform". Yahoo! Finance. March 2012.
- ^ Insurance Journal [1] Insurance Journal, June 20, 2013
- ^ Felder, Lynn (December 14, 2014). "Giving Back". Winston-Salem Journal. p. A1.
- ^ Business Reviews http://www.bbb.org/stlouis/business-reviews/insurance-services/national-general-insurance-in-maryland-heights-mo-110205445/complaints
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