GM Insurance launches in Georgia
General Motors Insurance is now offering car insurance in Georgia. Earlier this month, coverage became available in Missouri and Pennsylvania.
The company is now active in eight states – Arizona, Georgia, Illinois, Indiana, Missouri, Ohio, Pennsylvania and Texas.
It’s been just over a year since GM began offering car insurance coverage through its licensed carrier subsidiary. The company first launched in Arizona and by the end of 2023, it was available in three states. So far this year, the company has launched in five new states.
For the first six months of the year, GM National Insurance Company generated $6.8 million in written premiums across five states. The carrier reported a $26.8 million net underwriting loss following $7.9 million in losses and loss adjustment expenses and $22.3 million in other underwriting expenses.