Auto-Owners swoops for Capital Insurance Group

Insurancebusinessmag | May 29, 2019

Auto-Owners swoops for Capital Insurance Group
Capital Insurance Group (CIG) has revealed that it is now a member of the Auto-Owners Insurance group of companies, after the acquisition was granted regulatory approval.CIG first entered into an agreement to be acquired by Auto-Owners in February. The transaction closing documents were signed earlier this week, a release said.Read more: Auto-Owners Insurance snaps up regional insurerA provider of customized and balanced coverage for commercial, personal, and agricultural lines, CIG has been in business since 1898. The insurer serves clients in California, Washington, Oregon, Nevada, and Arizona, working exclusively with independent agents.

Spotlight

Daniel Schreiber, chief executive officer and co-founder of Lemonade, discusses the benefits of artificial intelligence on the insurance industry and trust issues in data privacy. He speaks with Emily Chang on "Bloomberg Technology."

Spotlight

Daniel Schreiber, chief executive officer and co-founder of Lemonade, discusses the benefits of artificial intelligence on the insurance industry and trust issues in data privacy. He speaks with Emily Chang on "Bloomberg Technology."

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