American Premier Underwriters is a property and casualty insurance company which was created from the non-rail assets of Penn Central, which represented a variety of businesses, some of which were sold over the following years. By 1994, it was primarily an insurance company, and changed its name from Penn Central to American Premier Underwriters. It was later acquired by American Financial Group

American Financial Group

American Financial Group Incorporated is a holding company based in Cincinnati, Ohio whose primary business is insurance and investments. American Financial Group's purpose is to enable businesses and individuals to manage risk using insurance products and services tailored to meet their specific...

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In 1995, as a publicly traded company, APU reportedly had 5,400 employees and sales of $1.8 billion.

Stock Exchanges: Boston Midwest New York Pittsburgh Pacific

The company has sued Amtrak

Amtrak

The National Railroad Passenger Corporation, doing business as Amtrak , is a government-owned corporation that was organized on May 1, 1971, to provide intercity passenger train service in the United States. "Amtrak" is a portmanteau of the words "America" and "track". It is headquartered at Union...

to force the passenger railroad company to redeem shares that Penn Cenral received at the time it transferred much of its passenger rail assets to Amtrak.