Atlantic American Corporation

Atlantic American Corporation, an insurance-holding company based in Atlanta, was incorporated in January 1968. With an emphasis on"niche insurance products in specialty markets," its subsidiaries include Bankers Fidelity Life, the flagship of the company's life and health operations; three property and casualty companies, American Southern Insurance Company, Association Casualty Insurance Company, and Georgia Casualty and Surety; and Self Insurance Administrators, which administers claims and provides other outsourcing services. The company's roots stretch back to 1937, when Austin Dilbeck and Dan Dominey pooled $250 to start the Dilbeckand Dominey Insurance Agency. Before long, the company wrote the most workers' compensation insurance policies in the state.
The company acquired its current name in 1962, after a number of post–World War II (1941-45) mergers and acquisitions. In 1974 Atlanta entrepreneur J. Mack Robinson bought the company. Offices moved from downtown Atlanta to Buckhead, and the company continued its upward climb in holdings. In 1988 Robinson, already chairman of Atlantic American, became president. In 1995 Robinson's son-in-law Hilton Howell Jr. took the helm; Robinson remains chairman of the board.
In recent years the company has encountered some difficulties, reporting in 2005 a net loss of $3.2 million with $185.1 million in total revenue. The net loss occurred in part because of a $10.7 million impairment charge relating to a write-down of its General Motors, GM Acceptance Corporation, and Ford Motor Credit investment holdings value, as well as record hurricane-related losses.
close

Loading

Cite This Article
Reese, Krista. "Atlantic American Corporation." New Georgia Encyclopedia. 10 September 2013. Web. 27 February 2017.
From Our Home Page
Slater King (1927-1969)

Civil rights activist Slater King was a successful realestate broker who focused his entrepreneurial skills on farsighted plans to

Read more...
Student Nonviolent Coordinating Committee (SNCC)

The Student Nonviolent Coordinating Committee, or SNCC (pronounced "snick"), was one of the key organizations in the American

Read more...
Ebos Landing

The story that gives Ebos Landing its name is one of the most colorful and enduring tales in Georgia's rich

Read more...
Carson McCullers (1917-1967)

With a collection of work including five novels, two plays, twenty short stories, more than two dozen nonfiction pieces, a book of children's verse, a small number of poems, and an unfinished auto

Read more...
Courtesy of Hargrett Rare Book and Manuscript Library, University of Georgia Libraries