20th Century Insurance plans unit in Arizona
Move to be held early next year, officials say
Woodland Hills-based 20 insurers Century Industries Inc. announced a plan to dare outside of California, early market early next year.
Under a joint venture with American International Group Inc., 20th Century market is automatically in ensuring the protection of Arizona. A new subsidiary, 20th Century Insurance Co. of Arizona, are facts.
“It is a neighbouring state, very similar to California for its geography and other things.” Century 20, said spokesman Ric Hill. “He has a sense it is sold. It is also less volatile and less burdensome to a regulatory point of view, compared to California.
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