Georgia Nonstandard Auto Insurer to Assume Business of Troubled Texas Carrier, ACCC December 15, 2020
A portion of the personal auto insurance business of a Texas insurance company that appeared to be headed for liquidation at the end of November is being assumed by a Georgia-based insurer.
Embark General, headquartered in Atlanta, said it is assuming the Alabama and Texas nonstandard auto business of Houston-based ACCC Insurance Co., which was placed into receivership on Oct. 21 at the request of the Texas Department of Insurance. A request for an order of liquidation of ACCC was filed on Nov. 24 by the TDI-appointed Special Deputy Receiver (SDR) for ACCC, Prime Tempus Inc., which found the company to be insolvent.