AIG Sells Auto Insurance Business To Farmers Insurance

  American International Group decided to opt out of the auto insurance business, selling Woodland Hills-based 21st Century Insurance to Farmers Insurance Group for $1.9 billion. Los Angeles based-Farmers, a subsidiary of Zurich Financial Services Group, will keep the 21st Century brand. AIG sold auto insurance policies through its subsidiary unit, AIG Direct. The policies they [...] Related posts:Zurich Financial Services Acquires AIG's Auto-Insurance Unit.AIG Rumored to Sell 21st Century Insurance to Zurich Financial Services AG for BillionsAIG sells Life Insurance of Canada Subsidiary