AssuranceAmerica Corporation · Atlanta, GA United States ·(OTC: ASAM)
Company Description
Phone: 770-952-0200
Fax: 770-952-0258
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This link will open in a new window AssuranceAmerica will assure you that they meant to leave out the space between its names. Through its three operating subsidiaries the company writes and markets nonstandard (high-risk) auto insurance to customers in the Southeast. Its AssuranceAmerica Insurance subsidiary writes the policies, while its Managing General Agency markets the products and provides services through a network of 1,800 independent agencies. Its TrustWay Insurance Agencies operates retail agencies in Florida, Alabama, and Georgia, which sell nonstandard auto insurance underwritten by AssuranceAmerica and other unaffiliated carriers. Chairman and CEO Guy Millner controls nearly half of the company.
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Key AssuranceAmerica Corporation Financials
| Company Type | Public - OTC: ASAM Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $63.2 |
| 2008 Employees | 257 |
AssuranceAmerica Corporation Executives
18 executives listed for AssuranceAmerica Corporation's Atlanta, GA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Guy Millner | Network |
| President and COO; President, AssuranceAmerica MGA | Joseph Skruck | Network |
| Controller and Acting CFO | Gregory Woods | Network |
Competition
Competitive Landscape for AssuranceAmerica Corporation
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top AssuranceAmerica Corporation Competitors
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