Alabama-based Infinity Property and Casualty Corporation is selling its insurance operation to Chicago’s Kemper Corporation.
That’s according to the trade publication, Insurance Journal.
The $1.4 billion gives Kemper a bigger slice of the non-standard insurance market. Infinity targets the Latino community. More than half of Infinity’s business is in California. Florida and Texas are also big markets for the Birmingham-headquartered company.
Infinity has 2,300 employees and 10,600 independent agents.