ACCC Insurance Company was a leader for decades in the non-standard car insurance market, insuring many drivers who otherwise could not get covered. It is headquartered in Houston, Texas, and offers multiple lines of coverage but focuses on high-risk drivers, with competitive rates. 

American Century Casualty Company faced stiff competition from larger insurers like The General in recent years and decided to stop selling new policies in 2020. Later that year Embark General acquired the policy portfolio of ACCC Insurance. 

What Exactly Happened To ACCC Insurance?

When ACCC Insurance Company stopped selling new insurance policies in 2020, it was a decision that surprised many of its policyholders and industry observers. ACCC faced significant financial difficulties that led to its eventual demise. 

In December 2020, the Texas Department of Insurance placed ACCC Insurance into receivership due to its deteriorating financial condition. Receivership is a situation where a state insurance department steps in to manage the affairs of an insurance company that is in financial distress.

The decision to stop selling new policies was primarily due to ACCC’s inability to meet its financial obligations. The company had been experiencing mounting losses, which were exacerbated by the economic impacts of the COVID-19 pandemic. The pandemic brought about significant disruptions in various industries, and the insurance sector was no exception. For ACCC Insurance, the pandemic’s impact on claim frequency and severity, coupled with its already precarious financial situation, proved to be too much to handle.

Moreover, ACCC Insurance was under intense scrutiny for its claims handling practices. There were numerous complaints from policyholders regarding delayed or denied claims, which further tarnished the company’s reputation. These issues, combined with the financial instability, led to the Texas Department of Insurance’s decision to intervene, ultimately halting the sale of new insurance policies.

The History Of ACCC Insurance Company

ACCC Insurance Company was founded in 1997 and quickly established itself as a provider of non-standard auto insurance. Non-standard auto insurance is typically sold to high-risk drivers, such as those with multiple traffic violations, accidents, or poor credit histories. ACCC Insurance catered to this market, offering policies that were often more affordable than those from standard insurance companies.

ACCC Insurance primarily had offices in several states:

• Texas
• Alabama
• Georgia
• Mississippi
• New Mexico