National General Insurance, formerly the GMAC Insurance Group is a Winston-Salem, North Carolina-based property and casualty insurance company.
National General Insurance 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. Barry Karfunkel became the president of the company when Michael Karfunkel died.
History
One of the two companies that became National General Insurance was life insurance company Integon, founded in Winston-Salem, North Carolina in 1920. 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 GMAC (now Ally Financial).
In 1969, Integon Corp. started a holding company and began insuring high-risk drivers. Integon underwent a number of changes in ownership and business emphases and struggled during the mid-1990s. In June 1997, GMAC announced they were acquiring Integon in a deal valued at $550M. When the deal finally closed in October 1997, it was for $778M. In 2000, Integon became GMAC Insurance Personal Lines.
In 2006, General Motors sold 51% of GMAC (now Ally Financial) to an affiliate of Cerberus Capital Management; at the time 1,179 worked in Winston-Salem.
In 2009, American Capital Acquisition Corp., a unit of American Capital Partners LLC of Hauppauge, N.Y. bought GMAC's U.S. consumer property-casualty insurance business GMAC Insurance Holdings, Inc.
On July 1, 2013, GMAC Insurance changed its name to National General Insurance. The Winston-Salem operation moved from downtown to Madison Park in June 2014.
National General Insurance Group is one of the largest automobile insurers in the United States.
National General Insurance Group offers property and casualty products, including personal auto, RV, motorcycle, commercial auto and more. With a nationwide network of claims professionals and a 24-hour, toll-free claims hotline available 365 days a year, National General Insurance provides superior claims service for its customers.
National General Insurance is one of the largest underwriters of auto insurance in the United States. They provide superior benefits that are often not available through other car insurance companies, including:
- Guaranteed repairs - a lifetime guarantee on all collision repairs made at any of our Gold Medal Repair Shops.
- Guaranteed claims service satisfaction or they'll waive your deductible - up to $250!1
- GM/GMAC discounts - Millions of people have a connection to General Motors, such as GMAC auto financing, a GMAC mortgage, a GM Card, or a career with GM or one of its thousands of suppliers or dealerships. In many states, National General Insurance is able to offer discounts to people that have one of these connections.
- SmartValet® - They'll pick up your damaged vehicle and bring you a rental car after a claim. Once your vehicle is repaired, we will deliver it directly to you and return the rental car!
- And much more!