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First Acceptance Corporation (FAC)


NYSE - Nasdaq Real Time Price. Currency in USD
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1.04-0.02 (-1.89%)
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First Acceptance Corporation

3813 Green Hills Village Drive
Nashville, TN 37215
United States
615-844-2800
http://www.acceptanceinsurance.com

SectorFinancial
IndustryAccident & Health Insurance
Full Time Employees1,400

Key Executives

NameTitlePayExercisedAge
Mr. Kenneth D. RussellChief Exec. Officer, Interim Pres and Director32kN/A69
Mr. Brent J. GayChief Financial Officer and Sr. VP284.23kN/A40
Mr. Ray AlbertiniSr. VP of Claims OperationsN/AN/AN/A
Mr. Michael John BodayleVP, Treasurer and Sec.N/AN/A61
Amounts are as of December 31, 2016 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.

Description

First Acceptance Corporation, through its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and other ancillary products in the United States. The company operates through 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 offer reimbursements for medical expenses and hospital stays as a result of injuries sustained in an automobile accident, automobile towing and rental, 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 brand name. It primarily distributes its products through its retail locations, as well as through call center and Internet. As of December 31, 2016, the company leased and operated 355 retail locations a call center. First Acceptance Corporation was founded in 1969 and is based in Nashville, Tennessee.

Corporate Governance

First Acceptance Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.