Compare Auto Insurance Quotes - Cheap Auto Insurance
The Auto Finder can assist you
with locating low cost auto insurance from the most reliable providers available! Our team of auto insurance experts have been researching which companies offer the most coverage with the lowest rates possible and you will find them listed below.
Most states require that you
have auto insurance on your car,
truck, or van. Most
banks require auto insurance
before you receive an auto loan.
Depending on the price paid for
a used car, you should ask about
full coverage insurance prices.
Laws differ from state to state.
The sites listed below will help
you with the laws in your state
and give you free quotes.
Aon Corp. is
easily one of the world’s largest
insurance brokers, if not the largest.
Last year they announced that they would
be selling the auto insurance arm of their
company, and the deal was finalized this
last week.
The company announced in October that they
would be selling Auto Insurance
Specialists, and have finally completed
the deal. They are selling their auto
insurance arm to another auto insurance
company. Mercury General Corp. had
announced that they would be purchasing
their auto insurance portfolio.
As a result of the auto insurance sale,
Aon received $120 million in cash for all
of the equity interests that had been
issued and were outstanding of the auto
insurance company. Auto Insurance
Specialists’ parent company is AIS
Management LLC, and it was their shares
that needed to be sold.
The company also has the possibility of
receiving up to another $34.7 million over
the next two years. The auto insurance
company will need to meet certain
performance benchmarks, and if they do
there is more money for Aon in it. As a
result of the transaction closing on
Friday there were some changes in their
afternoon trading – for both companies.
Aon saw their shares fall 24 cents to
close at $43.87; while Mercury saw theirs
go up 43 cents to close at $45.25.
There is no talk yet how the sale will
affect current auto insurance customers of
the company, but it is expected to be
business as usual at least initially.
