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21st Century Insurance, headquartered in Wilmington, Delaware, became a part of Farmers in July 2009. Using the internet and direct response marketing channels, 21st Century markets personal auto insurance to consumers throughout the United States. The 21st Century Insurance companies are subsidiaries of the Farmers Exchanges.
It has nothing to do with car insurance or Farmer's Insurance Group. AIG Direct, real company name being Matrix Direct, Inc., is a subsidiary of American General Life Insurance Company (AGL), Houston, TX and is an affiliate of The United States Life Insurance Company in the City of New York (USL), New York, New York.
When losses hit the mortgage market in 2007–2008, AIG had to pay out insurance claims and also replace the losses in its collateral accounts. [46] AIG purchased the remaining 39% that it did not own of online auto insurance specialist 21st Century Insurance in 2007 for $749 million. [47]
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Myth #2: Your red car will cost more to insure. One of the most persistent myths about auto insurance is that insurance companies charge more to insure red cars.
Motor vehicle insurance costs, though, continued to soar. The category rose 1.8% in April on a monthly basis and was up 22.6% from a year ago, the largest annual increase since 1979, according to ...
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