Is Insignia an LG brand?

Could you please clarify whether Insignia is indeed a brand belonging to the LG corporation? I'm curious to know if there's a direct affiliation or if it's simply a case of similar sounding names. It would be great if you could provide some insight into the origins and ownership of Insignia, as well as any potential connections it may have with LG. Thank you for your assistance in clearing up this matter.