National
General Holdings Corp (NGHC) is a specialty personal lines insurance
holding company that provides personal and commercial automobile,
homeowners, umbrella, recreational vehicle, and other niche insurance
products. The company was founded in 1939 and is headquartered in New
York City.
NGHC operates through four primary segments:
Personal Auto, Commercial Auto, Homeowners, and Other. The Personal
Auto segment provides insurance coverage for personal passenger
automobiles. The Commercial Auto segment offers insurance coverage for
commercial automobiles, trucks, and vans. The Homeowners segment
provides insurance coverage for homes and condominiums. The Other
segment includes various niche insurance products, such as motorcycle,
recreational vehicle, and umbrella insurance.
In addition to
its primary insurance offerings, NGHC also offers a range of
insurance-related services, including claims administration,
underwriting, policy issuance, and third-party administration.
As of 2021, NGHC is one of the largest automobile insurers in the
United States and is licensed to conduct business in all 50 states.
The company's products are sold through a network of independent
agents, brokers, and direct marketing channels.
NGHC has
experienced steady growth over the years, driven in part by strategic
acquisitions and expansions into new markets. The company has also
made significant investments in technology and digital capabilities to
improve customer experience and streamline operations.
Overall,
NGHC is a well-established player in the insurance industry with a
broad range of products and services. While the industry is highly
competitive and subject to regulatory risks, NGHC's strong market
position, diversified product portfolio, and commitment to innovation
position the company for continued growth a
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