Company type | Public |
---|---|
AFFM [1] | |
Industry | Property & Casualty Insurance |
Founded | 1998 |
Headquarters | Addison, Texas |
Key people | Michael J. McClure (CEO) |
US$ 209.761 million (2012) [2] | |
Total assets | US$ 338.395 million (2012) [2] |
Total equity | US$ 133.254 million (2012) [2] |
Website |
www |
Affirmative Insurance Holdings, Inc. is an American company that 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 provides liability-only policies including bodily injury liability coverage, property damage liability coverage, personal injury protection coverage and medical payment coverage. [3]
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]