Claims, legal settlement push First Acceptance into red

CEO: Acquisition integration going well, rate hikes being pushed through
Nov 11, 2015 11:34 AM

Hylant office leader headed to Ohio

Former First Horizon exec joined firm in '11
Oct 15, 2015 2:16 PM

Bandy Van Cleave bought by Florida firm

Staff to stay in Midtown
Sep 14, 2015 7:13 AM

Large insurance broker moves local office to Green Hills

Eakin building lands outpost from Cool Springs
Aug 27, 2015 2:48 PM

First Acceptance inks deal to settle class actions for $3M+

Agents had alleged labor law violations
Aug 24, 2015 7:10 AM

Earnings wrap: Iasis, First Acceptance, InsBank

Hospital owner gets boost from rising admissions, insurer dealing with more claims, lender Q2 up 20%
Aug 13, 2015 11:50 AM

First Acceptance's pricey financing for California buy

Auto insurer First Acceptance Corp. on Wednesday completed its acquisition of more than 80 stores marketing nonstandard policies in California from Nationwide Insurance. The Green Hills-based company (Ticker: FAC) paid $34.5 million in cash for the stores, $30 million of which came from an affiliate of its 53 percent shareholder, Gerald Ford, in the form of a loan. From the looks of the 10-year loan, Ford is a pretty good negotiator: First Acceptance is paying 8 percent interest.

Jul 2, 2015 9:08 AM

First Acceptance adds to Memphis network

First Acceptance is on a bit of a roll lately. Shares of the Green Hills-based auto insurer (Ticker: FAC) are up more than 30 percent since the end of March, and the company last month said it planned to buy more than 80 stores from Nationwide for more than $34 million. On Monday, the company said it has opened its fourth store in the Memphis area. The new location is the fifth since late last year.

May 19, 2015 8:57 AM

Asurion shutting down Montana call center

Mobile device insurer Asurion plans to close a customer service call center in Great Falls, Montana, a move that puts about 350 jobs at risk. Officials at Nashville-based Asurion told the Great Falls Tribune they're making the move to create "operating and infrastructure efficiences" but will look to have some workers transition to working from home.

"We encourage all employees to keep their jobs and transition to an Asurion@Home position, and we hope that many of the employees will do so, keeping Asurion as an area employer, just without a physical building," the company's news release statement says.

May 8, 2015 9:54 AM

First Acceptance makes California retail push

'Pivotal' purchase of Nationwide unit assets includes stores in five other states
Apr 28, 2015 6:57 AM