GM Insurance launches in Missouri
General Motors Insurance is now offering car insurance in Missouri. Earlier this month, coverage became available in Pennsylvania.
The company is now active in seven states – Arizona, Illinois, Indiana, Ohio, Pennsylvania, Texas and Missouri.
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 four 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.