There has been a recent decision for AIG to give the Farmers Group Inc. their autp company worth 1.9 billion dollars.

Excerpt from the article: “Under the agreement, 21st Century Insurance Group, the wholly owned subsidiaries comprising AIG’s U.S. personal auto insurance business, will be sold to Farmers Group Inc., a subsidiary of Zurich Financial Services Group. Farmers Group Inc. will sell the underlying insurance entities to the Farmers Exchanges, which Farmers Group Inc. manages, but does not own.”

Check out the full article here: http://www.insurancejournal.com/news/national/2009/04/16/99703.htm

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