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National General Insurance |
Company Overview
National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina-based property and casualty insurance company. The company was founded in 1920. The company is the only insurance company in the United States to come from within the automotive industry.
The holding company for National General Insurance Personal Lines is National General Holdings Corp. As of August 2016, the company was owned by Barry Karfunkel and his family.
History
One of the two companies that became National General Insurance was life insurance company Integon, founded in Greensboro, North Carolina in 1920.[1] The second company was Motors Insurance Company, founded in 1925 by General Motors. It was seen as a way to offer damage coverage to GM vehicles sold by dealers and financed by General Motors Acceptance Corp (GMAC).[2]
In 1969, Integon Corp. started a holding company and began insuring high-risk drivers.[citation needed] Integon underwent a number of changes in ownership and business emphases and struggled during the mid-1990s.[citation needed] In June 1997, GMAC announced they were acquiring Integon in a deal valued at $550M.[3] When the deal finally closed in October 1997, it was for $778M.[4] In 2000, Integon became GMAC Insurance Personal Lines
Office Review
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Employees Review
Casualty Representative (Current Employee) – Cleveland, OH – September 26, 2016
A fast-growing company with numerous areas for moving up a great location any growing City a very productive company environment and a very fun place to work Company provides flexible work schedules the company also provides coaching with supervisor assistance to to do to handle your job,the proper tools and equipment to excel.
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