ASSURANCEAMERICA CORPORATION (OTCBB: ASAM), 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. 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 and received his MBA with honors from Goizueta Business School of Emory University.
In announcing the appointment of Mr. Pepsoski, Lawrence (Bud) Stumbaugh, President and CEO 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 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).