First Acceptance getting new chairman

Gerald Ford, the Texas-based investor who controls about 30 percent of Green Hills-based First Acceptance and chairs its board, has told his fellow directors at the auto insurer he will not stand for re-election next month. Ford, 67, is sits on the boards of Southern Methodist University and Freeport-McMoRan, among others. Who, if anyone, will be nominated to take his place isn't clear; First Acceptance should file its proxy statement any day.