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SafeAuto, one of the largest players in the so-called nonstandard auto insurance market, will be folded into Allstate subsidiary National General Holdings. Northbrook- based Allstate acquired National General, formerly known as GMAC Insurance, for $4 billion in early January. Founded in 1993, Columbus, Ohio- based SafeAuto provides state-minimum auto...
Allstate has agreed to buy low-cost auto insurance provider SafeAuto for $300 million, expanding the insurance giant’s state-minimum auto coverage offerings. The deal for privately owned SafeAuto, announced late Tuesday, includes $270 million in cash and about $30 million in other assets. SafeAuto, one of the largest players in the so-called nonstandard auto insurance market, will be folded ...
Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition