ATLANTA--(BUSINESS WIRE)--Atlanta based AssuranceAmerica Corporation (OTCBB:ASAM) today announced that its insurance carrier has been approved by the Indiana Department of Insurance to write automobile coverages in that state. According to The National Association of Insurance Commissioners, Indiana generates almost $3 billion in automobile insurance premium annually, making it one of the top eighteen states in the United States. The May 7, 2007 issue of Auto Industry Report reported that Indiana’s profit margin for auto insurance was 12.1%, almost 20% higher than the national average of 10.1%.

In announcing Indiana’s approval, Lawrence (Bud) Stumbaugh, President and CEO of AssuranceAmerica said, “Our approval to write in Indiana continues our push for geographical diversification. We think our growth opportunities and our potential for profit are enhanced when we do business in varying economic settings, multiple regulatory environments and differing weather patterns. With our current concentration in the Southeast and Southwest, we feel we’ve made a smart strategic move by obtaining approval in a mid-western state near the mid-Atlantic states of West Virginia and Pennsylvania where we recently gained licensure. We will begin writing policies in these states at a future date.”

AssuranceAmerica focuses on the specialty automobile insurance marketplace, primarily in Alabama, Florida, Georgia, Mississippi, South Carolina, Texas, and Louisiana. Its principal operating subsidiaries are TrustWay Insurance Agencies, LLC ("Agency"), which sells personal automobile insurance policies through its 48 retail agencies, AssuranceAmerica Managing General Agency LLC ("MGA"), which markets the company’s insurance products through over 1,500 participating independent agencies, and AssuranceAmerica Insurance Company ("Carrier").

This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, as discussed in the Company's filings with the U.S. Securities Exchange Commission (SEC). Historical results are not indicative of future performance.

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