Founded in 1939 as Motors Insurance Corporation, the GMAC Insurance Group is a property and casualty insurance company in the United States and is a subsidiary of Ally Financial. Ally has agreed to sell GMAC Insurance Group to Maiden Holdings pending regulatory approval.
GMAC Insurance is the only insurance company in the United States to come from within the automotive industry.
The GMAC Insurance umbrella constitute the 15th largest underwriting company in the United States.
The owners of GMAC insurance are the Karfunkels.
In March 2012 GMAC Insurance was added to the CoverHound comparison shopping platform.
Famous quotes containing the word insurance:
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)