Affirmative Insurance

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Affirmative Insurance Holdings, Inc
Public
Traded asAFFM[1]
IndustryProperty & Casualty Insurance
Founded1998
HeadquartersAddison, Texas
Key people
Michael J. McClure
(CEO)
Increase US$ 209.761 million (2012)[2]
Total assetsIncrease US$ 338.395  million (2012)[2]
Total equityIncrease US$ 133.254  million (2012)[2]
Websitewww.affirmative.com

Affirmative Insurance Holdings, Inc. provides individual consumers non-standard personal automobile insurance policies and other related products through its subsidiaries, independent agents and unaffiliated underwriting agencies in the United States. The company offers liability-only policies including bodily injury liability coverage, property damage liability coverage, personal injury protection coverage and medical payment coverage. It also offers full coverage policies including collision coverage, comprehensive coverage and so on.[3]

History[edit]

In 1998, the company founded in Addison, Texas as Instant Insurance Holdings, Inc.[3]

In 2003, the company completed the acquisition of two non-standard automobile insurance companies from Vesta Insurance Group, Inc.[4]

In 2004, the company completed the Initial Public Offering.[4]

In 2007, the company completed the acquisition of USAgencies, a provider of non-standard automobile insurance.[4]

In 2013, Confie Seguros, a rapidly growing national provider of personal lines insurance signed an agreement to acquire the retail distribution arm of Affirmative Insurance Holdings, Inc.[5]

In 2015, the company filed for chapter 11 bankruptcy.[6]

In 2018 the liquidation was discharged.[https://w3.courtlink.lexisnexis.com/cookcounty/FindDock.asp?NCase=2015-CH-13718&SearchType=0&Database=3&case_no=&PLtype=1&sname=&CDate=]

References[edit]

  1. ^ traded symbols
  2. ^ a b c "Selected Financial Data".
  3. ^ a b https://finance.yahoo.com/q/pr?s=AFFM
  4. ^ a b c "Archived copy". Archived from the original on 2014-02-27. Retrieved 2014-02-19.CS1 maint: Archived copy as title (link)
  5. ^ "Archived copy". Archived from the original on 2014-03-06. Retrieved 2014-02-25.CS1 maint: Archived copy as title (link)
  6. ^ "Office of the Special Deputy Receiver - Affirmative Insurance Company". www.osdchi.com. Retrieved 2016-09-03.

External links[edit]