A direct-to-consumer auto insurance company says it has lowered its overall rate for coverage for drivers in New Jersey by 20%.

Eight suspects are under arrest for what California officials say was part of an elaborate staged automobile accident ring in San Diego that resulted in insurance losses of more than $200,000.

AIG/21st Century Auto, Allstate and Travelers were among the victims of an auto insurance fraud ring recently broken up by Georgia regulators.

Farmers Insurance Group, with its acquisition of 21st Century Insurance and Financial Services from American International Group, is going to stop accepting new auto and flood policies from independent insurance agents in New Jersey through its newly acquired AIG Agency Auto unit.

American International Group has announced the sale of its Taiwanese life insurance unit for $2.15 billion as part of its effort to repay billions of U.S. taxpayer dollars given to bailout its operations.

A.M. Best has affirmed a pair of ratings for the former AIG Personal Lines Group, which includes 21st Century Insurance, in light of its acquisition by Farmers Insurance Group.

The ratings …  Read →

Regulators in New York and Pennsylvania were among nine regulators to approve the sale of American International Group’s direct and agency auto business to Farmers Group.

Prior to leaving office July …  Read →

American International Group announced it is moving forward to make its property casualty unit, AIU Holdings, an independent entity by transferring the company to a special purpose vehicle.

The move sets …  Read →

After a few days of speculation, American International Group announced it has a deal in place to sell its auto insurance unit to Farmers Group, Inc., a subsidiary of Swiss …  Read →

American International Group could be selling its auto insurance unit to Zurich Financial Services for nearly $2 billion.

The deal to sell 21st Century Insurance, the moniker AIG gave its auto …  Read →