First Acceptance Corporation · Nashville, TN United States ·(NYSE: FAC)
Company Description
Phone: 615-844-2800
Fax: 615-327-9957
View First Acceptance Corporation Locations On A US Map
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This link will open in a new window First Acceptance sells car insurance to customers wanting to stay on the right side of the law. A personal auto insurer operating in about a dozen states, First Acceptance specializes in providing non-standard auto insurance -- that is, insurance for drivers who have trouble getting coverage because of poor driving records or payment histories, but who must have the minimum coverage required by state laws. First Acceptance sells its policies, branded Acceptance Insurance, through about 430 retail offices staffed by its own employees. Chairman Gerald Ford owns one-third of the company. To read the full description, subscribe now.
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Key First Acceptance Corporation Financials
| Company Type | Public - NYSE: FAC Headquarters |
| Fiscal Year-End | June |
| 2009 Sales (mil.) | $265.5 |
| 2009 Employees | 1,175 |
First Acceptance Corporation Executives
15 executives listed for First Acceptance Corporation's Nashville, TN location.
| Title | Name & Bio | Contact |
| Chairman and Director | Gerald Ford | Network |
| CEO and Director | Stephen Harrison | Network |
| President | Edward Pierce | Network |
Competition
Competitive Landscape for First Acceptance 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 First Acceptance Corporation Competitors
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