Affirmative Insurance
| Company type | Public |
|---|---|
| Industry | Insurance |
| Predecessor | Instant Insurance Holdings, Inc. |
| Founded | 1998 in Addison, Texas, United States |
| Fate | Filed for Chapter 11 bankruptcy protection in 2015 |
| Headquarters | Dallas , United States |
| Products | Non-standard personal auto insurance products, liability-only coverage including bodily injury, property damage, personal injury protection, medical expenses |
Affirmative Insurance Holdings, Inc. operates within the United States, specializing in non-standard personal auto insurance products. It distributes its policies and related services through subsidiaries, underwriting agencies, and independent agents. The company’s portfolio includes liability-only coverage addressing bodily injury, property damage, personal injury protection, and medical expenses.
History
Established in 1998 in Addison, Texas under the name Instant Insurance Holdings, Inc., the firm grew by acquiring two non-standard auto insurers from Vesta Insurance Group in 2003.
Affirmative went public in 2004 through its initial public offering. The company continued its growth trajectory by purchasing USAgencies, another non-standard auto insurance provider, in 2007.
In 2013, Affirmative’s retail distribution segment was acquired by Confie Seguros, a nationwide personal lines insurance company.
The organization filed for Chapter 11 bankruptcy protection in 2015.