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First Acceptance Corp. (FAC)

2.05 Up 0.01(0.50%) Feb 5, 4:00PM EST
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First Acceptance Corp.
3813 Green Hills Village Drive
Nashville, TN 37215
United States - Map
Phone: 615-844-2800

Index Membership:N/A
Industry:Accident & Health Insurance
Full Time Employees:1,100

Business Summary 

First Acceptance Corporation, through its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance in the United States. The company operates in two segments, Insurance, and Real Estate and Corporate. It issues automobile insurance policies to individuals who are categorized as non-standard based primarily on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment history or need for monthly payment plans, failure to maintain continuous insurance coverage, or driving record. The company also offers optional products that provide ancillary reimbursements and benefits in the event of an automobile accident, such as products that provide reimbursements for medical expenses and hospital stays as a result of injuries sustained in an automobile accident, automobile towing and rental, bail bond premiums, and ambulance services; and underwrites a tenant homeowner policy that provides contents and liability coverage to customers who are renters. In addition, it engages in the disposition of real estate held for sale. The company markets its products under the Acceptance Insurance, Yale Insurance, and Insurance Plus names. First Acceptance Corporation primarily distributes its products through its retail locations, as well as through call centers and Internet. As of May 18, 2015, it leased and operated 356 retail locations. The company was founded in 1969 and is headquartered in Nashville, Tennessee.

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Key Executives 
Mr. Joseph S. Borbely , 59
Chief Exec. Officer and Pres
Mr. Brent J. Gay , 39
Chief Financial Officer and Sr. VP
Mr. Michael John Bodayle , 60
VP, Treasurer and Sec.
Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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