AssuranceAmerica Adds Another Vice President of Product Management.ATLANTA -- ASSURANCEAMERICA CORPORATION (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ASAM ASAM American Society of Addiction Medicine ASAM Advanced Surface-to-Air Missile ASAM Advanced Services Access Manager ASAM ATM Subscriber Access Multiplexer (Alcatel) ASAM Association for Solidarity with Asylum Seekers and Migrants ), an Atlanta-based automobile insurance enterprise, announced today its wholly owned insurance carrier and Managing General Agency added Anthony J. Pepsoski as Regional Vice President/Product Manager. For the past four years, Mr. Pepsoski was a Senior Product Manager with The Hartford in Hartford, CT. He managed $300 million premium volume in The Hartford's auto, home and personal umbrella insurance markets sold through independent agents and direct distribution channels such as AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million . He spent the previous four years as a Product Manager with Windsor Auto Insurance Company, a $250 million non-standard auto insurer, a member of Infinity Property and Casualty Company. He is a Cum Laude undergraduate of the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. and received his MBA with honors from Goizueta Business School Goizueta Business School (pronounced goy-swet-ah) is the business school of Emory University in Atlanta, Georgia. It is named after Roberto Goizueta, a former president of The Coca-Cola Company. of Emory University. In announcing the appointment of Mr. Pepsoski, Lawrence (Bud) Stumbaugh, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AssuranceAmerica Corporation said: "Some might think it is expensive for a relatively small carrier to have product development and management executives of Tony's caliber. We believe those who try to grow premium without people of Tony's strength will find it far more expensive in the long run, because in our opinion, the battle for underwriting profits will be won by those who invest in the sharpest financial and analytical minds. Producing profitable premium takes superior intellect that can dissect every risk element and pricing segmentation in a given market. Tony gives us that; thus, we are proud to add him to our team." AssuranceAmerica focuses on the specialty automobile insurance marketplace, primarily in Alabama, Florida, Georgia, South Carolina and Texas. Its principal operating subsidiaries are TrustWay Insurance Agencies, which sells personal automobile insurance policies through its 50 retail agencies, AssuranceAmerica Managing General Agency, and AssuranceAmerica Insurance Company. This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, as discussed in the Company's filings with the U.S. Securities Exchange Commission (SEC). |
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