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Allstate announced it will buy National General Holdings Corp. for about $4 billion in cash, Reuters reported. The deal will scale-up Allstate’s auto insurance business in a time of fewer accidents and claims as drivers remain at home under social distancing measures. According to Reuters, National General’s shareholders will receive $32 per share in cash and closing dividends of $2.50 per share for each share held.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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