First Acceptance Announces Expansion Into Louisiana

Rhea-AI Summary

First Acceptance Corporation (OTCQX:FACO) announced that its subsidiary, First Acceptance Insurance Company, has launched FAIC Insurance in Louisiana, adding a new state to its coverage footprint. The offering gives approximately 3.3 million licensed drivers in Louisiana an additional option for auto insurance coverage.

According to First Acceptance, policies will be available through independent insurance agents and online at firstacceptance.com. The company highlights more than 50 years of experience across 16 states and a focus on non-standard auto customers who may struggle to find coverage. FAIC is also investing in technology and digital tools to simplify quoting, policy access, payments and claims handling for both customers and agents.

Positive

• Entry into Louisiana market adds access to about 3.3 million licensed drivers
• Expands footprint beyond existing 16 states for non-standard auto coverage
• Multi-channel distribution via independent agents and online platform
• Ongoing investment in digital tools to streamline policy and claims processes

Negative

• None.

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NASHVILLE, TN / ACCESS Newswire / July 23, 2026 / First Acceptance Insurance Company, a subsidiary of First Acceptance Corporation (OTCQX:FACO) and a leading provider of auto coverage and related insurance products, has announced the availability of FAIC Insurance in Louisiana. This expansion provides approximately 3.3 million licensed drivers in Louisiana with an additional option when purchasing auto insurance coverage.

First Acceptance has more than 50 years of experience serving drivers across 16 states and specializes in providing quality auto insurance coverage to customers who may have trouble finding coverage elsewhere. First Acceptance Insurance will be sold through independent insurance agents or can be purchased online at firstacceptance.com.

"We're excited to bring First Acceptance to Louisiana," said Anthony Delaney, President and Chief Operating Officer of FAIC. "Our product is designed to provide drivers with dependable coverage, flexible options and the responsive customer service they deserve. We look forward to showing Louisiana customers what sets First Acceptance apart from other insurance providers."

FAIC continues to invest in technology and digital tools that make it easier for customers to manage their insurance and navigate the claims process.

"We know our customers have busy lives, and insurance should not make them more complicated," Delaney added. "Our goal is to give customers and agents a simple, flexible experience, whether they are requesting a quote, accessing their policy, making a payment or filing a claim."

To learn more about First Acceptance and its coverage area, visit www.firstacceptance.com.

About First Acceptance Corporation

First Acceptance Corporation is an insurance holding company headquartered in Nashville that underwrites non-standard personal automobile insurance through insurance companies known as the First Acceptance Insurance Group. We primarily offer our own underwritten insurance policies through independent agents.

Media Contact - First Acceptance Corporation: Cathy Gunn, Manager Content and Brand Reputation, CGunn@firstacceptance.com | 615-844-2826

SOURCE: First Acceptance Corp.

View the original press release on ACCESS Newswire

FAQ

What did First Acceptance (OTCQX:FACO) announce about its Louisiana expansion on July 23, 2026?

First Acceptance announced the availability of FAIC Insurance in Louisiana, extending its auto coverage into a new state. According to First Acceptance, this launch offers Louisiana drivers another option for purchasing auto insurance through agents and online.

How many drivers could First Acceptance (FACO) reach with its new Louisiana auto insurance offering?

The Louisiana expansion provides access to approximately 3.3 million licensed drivers who gain another auto insurance choice. According to First Acceptance, FAIC Insurance targets drivers, including those who may have difficulty finding coverage elsewhere.

How can Louisiana customers buy FAIC auto insurance from First Acceptance (FACO)?

Louisiana customers can buy FAIC auto insurance through independent insurance agents or online at firstacceptance.com. According to First Acceptance, this multi-channel approach is intended to provide flexibility and convenience for both customers and agents.

What type of auto insurance market does First Acceptance (FACO) focus on with its Louisiana launch?

First Acceptance focuses on non-standard personal automobile insurance, serving drivers who may struggle to obtain coverage elsewhere. According to First Acceptance, its FAIC Insurance products emphasize dependable coverage and flexible options for these higher-risk customers.

How is First Acceptance (FACO) using technology to support its new Louisiana insurance customers?

First Acceptance is investing in technology and digital tools to simplify quote requests, policy access, payments and claims. According to First Acceptance, the goal is to offer a simple, flexible experience for both customers and independent agents.

In how many states does First Acceptance (FACO) offer auto insurance after entering Louisiana?

First Acceptance notes it has over 50 years of experience serving drivers across 16 states before this announcement. With the Louisiana launch of FAIC Insurance, investors may infer its operating footprint now includes Louisiana in addition to those states.