AssuranceAmerica Corporation Announces Regulator Approval to Enter 8th State.ATLANTA -- ASSURANCEAMERICA CORPORATION (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: 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 .OB), an Atlanta based automobile insurance enterprise today announced that its subsidiary, AssuranceAmerica Insurance Company, has received approval to commence operations in the state of West Virginia. This will be the eighth state that has given approval to AssuranceAmerica's carrier and/or MGA (1) (Monochrome Graphics Adapter) A display adapter that employs Hercules Graphics, combining graphics and text on a monochrome monitor. (2) (Matrox Graphics Accelerator) A trade name used by Matrox Graphics Inc. to write automobile insurance policies. In addition to West Virginia, these states are Georgia, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Florida, Alabama, Arkansas, Mississippi, and Texas. In announcing approval of its carrier's entrance into West Virginia, 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, "We are pleased to find the welcome mat out for us in West Virginia as well as the other states where we have been approved to write insurance. Hopefully, additional announcements of this nature will be made from time to time in the future as we continue to carry out our strategy of geographical diversification in our effort to write non-standard automobile insurance." AssuranceAmerica focuses on the specialty automobile insurance marketplace, primarily in Florida, Georgia, Alabama and South Carolina. Its principal operating subsidiaries are TrustWay Insurance Agencies ("Agency"), which sells personal automobile insurance policies through its 32 retail agencies, AssuranceAmerica Managing General Agency ("MGA"), and AssuranceAmerica Insurance Company ("Carrier"). 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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