On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for $142 million during an auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, soundly beating the eight-figure …
Classic car insurance specialist Hagerty is planning to go public in a deal with special purpose acquisition company Aldel Financial Inc. Upon the closing of the transaction, Aldel will be renamed Hagerty, Inc., and become publicly traded, with its common …
State Farm is collaborating with Traverse City, Michigan-based Hagerty to introduce a new insurance product for classic vehicles, State Farm Classic+, beginning in 2022. Hagerty is an automotive lifestyle brand and a provider of specialty insurance for classic, vintage and …
Ullico has partnered with The Hagerty Group to offer Hagerty’s insurance for classic, collector and enthusiast vehicles. Per the partnership, Hagerty’s insurance will be offered through UnionCare, a Ullico Casualty Group affiliate that markets insurance and other products to union …
To celebrate National Collector Car Day, specialty insurer American Modern Insurance Group will be hosting an online show to pick the best classic cars and trucks and hot rods. Collector car owners can visit the American Modern Collector Car Facebook …
Specialty insurer Kemper Corp. has entered into an agreement to move its Classic Collectors book of business to specialist Hagerty, a leader in the collector vehicle insurance market, The book of business generated approximately $16 million in annual premium in …
The Alternative Markets Division of Great American Insurance Group has launched a new national program in conjunction with Grundy Insurance focused on coverages for antique and classic car restoration and repair shops across the United States. The program, underwritten by …
Many Americans dream of driving fabulous, unique, vintage cars. The vast majority of Americans never get to actually do it. Sure, we see them around—I live in Brooklyn and I don’t own a car, but as I walk around my …
Hagerty has opened its first U.S. regional office in Golden, Colo. McKeel Hagerty, CEO of Hagerty, said Golden was chosen because it has a diverse workforce, friendly business environment and proximity to a major airport. The Golden office, located at …
Bermuda-based specialist insurer Hiscox announced it has reached an agreement with Willis to acquire its specialist UK classic car business, RH Specialist Insurance. This acquisition complements Hiscox’s existing expertise in the motor market, having offered specialist and classic car insurance …
