First Acceptance Corporation Announces Updated Date of Release of Second Quarter 2016 Earnings
09 Août 2016 - 10:05PM
First Acceptance Corporation (NYSE:FAC) announced an update to its
previously announced Second Quarter 2016 Earnings Release and now
intends to release its results the week of August 15, 2016.
About First Acceptance CorporationWe are
principally a retailer, servicer and underwriter of non-standard
personal automobile insurance based in Nashville, Tennessee. Our
insurance operations generate revenues from selling non-standard
personal automobile insurance policies and related products in 17
states. We conduct our servicing and underwriting operations in 14
states and are licensed as an insurer in 12 additional states.
Non-standard personal automobile insurance is made available to
individuals because of their inability or unwillingness to obtain
standard insurance coverage due to various factors, including
payment history, payment preference, failure in the past to
maintain continuous insurance coverage or driving record and/or
vehicle type.
At June 30, 2016, we leased and operated 410 retail locations
and a call center staffed with employee-agents. Our employee-agents
primarily sell non-standard personal automobile insurance products
underwritten by us, as well as certain commissionable ancillary
products. In most states, our employee-agents also sell a
complementary insurance product providing personal property and
liability coverage for renters underwritten by us. In addition,
retail locations in some markets offer non-standard personal
automobile insurance serviced and underwritten by other third-party
insurance carriers for which we receive a commission. In addition
to our retail locations, we are able to complete the entire sales
process over the phone via our call center or through the internet
via our consumer-based website or mobile platform. On a limited
basis, we also sell our products through selected retail locations
operated by independent agents. Additional information about First
Acceptance Corporation can be found online at
www.acceptanceinsurance.com.
Investor Relations Contact:
Michael J. Bodayle
615.844.2885
First Acceptance (QX) (USOTC:FACO)
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