AssuranceAmerica Corporation Announces Senior Vice President/General Counsel/Secretary Appointment.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 insurance enterprise with operations in 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, and Alabama, announced today it has hired Mark H. Hain as its Senior Vice President, General Counsel, and Secretary. Mr. Hain has been the General Counsel for two NYSE NYSE See: New York Stock Exchange listed companies. He has over sixteen years experience in the insurance business including three years as General Counsel for the Oklahoma Insurance Department, eleven years as counsel for a NYSE listed insurance holding company, and two years as General Counsel for a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with insurance agency and captive insurance company management operations. Most recently, Mr. Hain was General Counsel for a private technology company. 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 commented, "As a result of our goal to rapidly expand to new states, all requiring attention to a myriad of regulatory details, and because we plan stepped up acquisition activity in the immediate future, we needed someone internally to focus on and manage our legal affairs. We are fortunate to have Mark join our company as he meets these needs through a wonderful combination of public company experience, insurance regulatory credentials and merger/acquisition expertise." AssuranceAmerica focuses on the specialty automobile insurance marketplace, primarily in Florida, Georgia, Alabama and South Carolina. Its principal operating subsidiaries are TrustWay Insurance Agencies, which sells personal automobile insurance policies through its 32 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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