Auto Insurance: How Much Coverage Do You Need?

Auto-Owners Insurance has entered into an agreement to acquire Capital Insurance Group (CIG), a leading regional property and casualty insurer serving the western US since 1898. With this acquisition, Auto-Owners Insurance, a multi-line P&C insurance carrier and one of the largest insurers in the US, will expand its reach into four additional states: California, Washington, Oregon, and Nevada. CIG provides customized coverage for commercial, personal, and agricultural lines and has a strong presence in these states. The acquisition is expected to bring mutually profitable growth for both companies and enhance Auto-Owners Insurance's geographic diversification. The transaction is subject to regulatory approval and has received positive comments from both CIG President and CEO Arne Chatterton and Auto-Owners Chairman & CEO Jeff Tagsold.

Auto-Owners Insurance signs an agreement to acquire CIG

Auto-Owners Insurance has entered into a definitive agreement to acquire Capital Insurance Group (CIG). The acquisition will see Auto-Owners Insurance expand its operations into four additional states in the Western US: California, Washington, Oregon, and Nevada. CIG has served clients in these states, as well as Arizona, since 1898.

Auto-Owners Insurance is an A.M. Best A++ (Superior) rated multi-line property and casualty insurer. It operates solely through independent agencies in 26 states and offers multiple lines of insurance, including life, home, auto, and business. The company is headquartered in Lansing, Michigan, and was established in 1916. It is among the nation's largest insurers, writing over 5 million policies, and is a Fortune 500 company.

CIG is the leading regional property and casualty insurer in the Western US. With extensive local knowledge, claims, and underwriting experience, CIG provides superior coverage, protection, and value. CIG President and CEO Arne Chatterton stated that they are eager to build on their 120-year legacy by aligning with Auto-Owners Insurance, a carrier that shares their commitment to the independent agency system and operates with high integrity and core values.

The acquisition by Auto-Owners Insurance will provide access to more families and businesses, giving them greater geographic diversification. This expansion aligns with Auto-Owners' goal of increasing its operating footprint and providing insurance services to a broader customer base.

The transaction between Auto-Owners Insurance and CIG was first announced in February 2019 and has recently received regulatory approval, as confirmed by CIG President and CEO Arne Chatterton. This approval marks a significant step in the process of bringing the two companies together.

CIG is a leading regional property and casualty insurer

Capital Insurance Group (CIG) is a leading regional property and casualty insurer. Founded in 1898, CIG has been serving the Western United States for over a century. The company provides insurance for personal autos, homes, condos, rented apartments, and vacation properties. In addition, CIG covers a diverse range of commercial and agricultural businesses, vehicles, and property.

CIG's comprehensive offering includes liability coverage and property protection. For instance, if a guest is injured due to negligence on a policyholder's property, CIG's property and casualty insurance can cover the guest's medical bills, pain and suffering, and loss of income. This type of insurance can also help cover legal fees if the policyholder is sued. Moreover, CIG's insurance provides financial protection in the event of covered weather incidents or vandalism.

The company's extensive local knowledge, claims, and underwriting experience have contributed to its strong reputation. CIG is rated "A" (Excellent) by A.M. Best and is included on their prestigious "Top 200" Property/Casualty Writers' List. This rating and recognition reflect CIG's superior balance of coverage, protection, and value.

In February 2019, Auto-Owners Insurance, a multi-line property and casualty insurer, announced its agreement to acquire Capital Insurance Group. This acquisition would expand Auto-Owners Insurance's reach into four additional states in the Western United States, allowing them to serve more families and businesses. The combination of CIG's regional expertise and Auto-Owners Insurance's resources is expected to create a powerful offering in the insurance market.

Auto-Owners is a multi-line P&C insurance carrier

Auto-Owners Insurance is a multi-line property and casualty (P&C) insurance carrier. This means that the company offers multiple lines of insurance products, including life, home, auto, and business insurance. Operating as a multiline insurer, Auto-Owners can provide its customers with the convenience of one-stop shopping and the potential for discounted rates.

Being a multiline insurer means that Auto-Owners offers insurance policies that bundle different areas of coverage into a single agreement. This allows customers to obtain multiple types of insurance, such as auto, home, and life insurance, from a single provider. This type of bundling can lead to cost savings for the customer, as it often results in lower premiums compared to purchasing separate policies. Additionally, dealing with a single insurer improves the customer service experience and simplifies year-end accounting.

Auto-Owners Insurance is a Fortune 500 company, recognised for its exceptional financial strength and stability. With over 5,200 employees and 47,500 licensed agents, the company writes over 5 million policies and is represented in 26 states across the United States. It has received numerous awards for its customer service and quality and is certified as a Great Place to Work®.

In 2019, Auto-Owners Insurance announced its agreement to acquire Capital Insurance Group (CIG), a leading regional P&C insurer serving the western US. This expansion allowed Auto-Owners to increase its geographic reach and provide insurance services to more families and businesses.

CIG provides a range of customised coverage for commercial, personal, and agricultural lines

Capital Insurance Group (CIG) is a leading regional property and casualty insurer, serving the western US since 1898. CIG provides a range of customised coverage for commercial, personal, and agricultural lines. This includes businesses and individuals in California, Washington, Oregon, Nevada, and Arizona.

Commercial lines insurance is a type of insurance that includes property and casualty insurance products designed specifically for businesses. It protects businesses from potential losses they cannot afford to cover, allowing them to operate when it might otherwise be too risky. Commercial lines insurance can include a wide range of coverages, depending on the business's needs. For example, a business may require commercial auto insurance for company-owned vehicles, worker's compensation insurance for employees, property insurance for business goods, and liability insurance to protect against claims of negligence or malpractice.

Personal lines insurance, on the other hand, refers to property and casualty insurance products designed for individuals rather than businesses. It protects individuals from losses they could not otherwise cover on their own. Personal lines insurance can include coverage for an individual's home, vehicle, and other personal possessions.

Agricultural lines insurance is a type of insurance designed specifically for the agricultural sector. It can include coverage for crops, livestock, farm equipment, and other aspects of agricultural businesses. For example, Crop-Hail Insurance provides protection for crops that are still in the field and have yet to be harvested. By acquiring CIG, Auto-Owners Insurance will expand its reach and be able to offer its insurance products to a wider range of customers in the western US.

The acquisition expands Auto-Owners' footprint into four new states

Auto-Owners Insurance has expanded its reach into four new states through its acquisition of Capital Insurance Group (CIG). CIG is a leading regional property and casualty insurer, serving the western US since 1898. With this acquisition, Auto-Owners Insurance now has a presence in California, Washington, Oregon, Nevada, and Arizona—adding to their existing operations in 26 states.

The agreement between the two companies was first announced in February 2019, with the transaction closing documents signed in June 2024. CIG's extensive local knowledge, claims and underwriting experience, and superior balance of coverage, protection, and value were highlighted as attractive assets for Auto-Owners Insurance.

CIG provides insurance for personal, commercial, and agricultural lines. This acquisition aligns with Auto-Owners Insurance's commitment to the independent agency system and its focus on geographic diversification. By joining forces, both companies can leverage their combined strengths and resources to better serve their customers and pursue profitable growth opportunities.

Auto-Owners Insurance, established in 1916 and headquartered in Lansing, Michigan, is recognized for its exceptional financial strength and stability. It is among the nation's largest insurers, writing over 5 million policies and employing more than 4,700 associates. With this expansion, Auto-Owners Insurance continues to solidify its position as a leading insurance provider in the United States.

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