Auto-Owners Insurance snaps up regional insurer

Auto-Owners Insurance snaps up regional insurer | Insurance Business

Auto-Owners Insurance snaps up regional insurer

Auto-Owners Insurance, a multi-line property and casualty insurer operating through independent agencies in 26 states, has announced that it has entered into a definitive agreement with Capital Insurance Group (CIG).

CIG is a regional property and casualty insurer serving the western United States. The company insures personal lines and a wide range of commercial and agricultural businesses in California, Washington state, Oregon, Nevada and Arizona.

“We are eager to build on our 120-year legacy by aligning ourselves with Auto-Owners, a carrier committed to the independent insurance agency system operating with high integrity and core values that align well with our own,” said Arne Chatterton, CIG president and CEO.

“Capital Insurance Group is the premier regional independent agency carrier on the West Coast,” said Jeff Tagsold, Auto-Owners chairman. “Adding Capital Insurance Group and its affiliates to the Auto-Owners family of companies expands our operating footprint into four additional states, providing access to more families and businesses to insure and giving use even greater geographic diversification.”