American Southern Insurance Company · Atlanta, GA United States
Company Description
Phone: 404-266-9599
Fax: 404-266-8327
Toll Free: 800-241-1172
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This link will open in a new window American Southern, a member of the Atlantic American group of companies, provides commercial automobile coverage, as well as general liability and surety bond coverage, for businesses and government entities in the Southeast and Midwest. Licensed in more than 30 states, the company specializes in writing custom policies for the large motor pools and truck fleets of state governments, municipalities, and corporations. Its policies -- usually multi-year contracts -- cover auto liability and long-haul physical damage. It markets its products directly to government agencies and through a select number of specialized, independent agents. To read the full description, subscribe now.
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Key American Southern Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $51.0 |
| Employees | 35 |
American Southern Insurance Company Executives
19 executives listed for American Southern Insurance Company's Atlanta, GA location.
| Title | Name & Bio | Contact |
| Chairman | Calvin Wall | Network |
| President and CEO | Scott Thompson | Network |
| SVP and Claims Manager | Brian Haurylak | Network |
Competition
Competitive Landscape for American Southern Insurance Company
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top American Southern Insurance Company Competitors
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