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From Times Staff and Wire Reports

Unitrin Inc. Warns Against Buyout: The company said it opposes American General Corp.'s $2.6-billion buyout offer, saying it would violate state and federal antitrust laws. Chicago-based Unitrin and American General both focus on selling life insurance door-to-door in middle- and low-income areas, a costly process that limits new entrants to the market, Unitrin said. American General is the largest so-called home-service insurer in the United States, and Unitrin ranks fourth in terms of premium volume among the companies that compete in the market, Unitrin said.


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