|Type of Entity:||CL|
|License Type:||Fire and Casualty (FC)|
|TDI Company Number:||93604|
|Date Licensed/Eligible/Registered in Texas:||11/26/1980|
|Company Status:||Normal Operations|
New South Insurance Company registered as a foreign for profit corporation in the State of Florida and is inactive. This Commercial entity was registered eighteen years ago on july 01, 1996 as documented with Florida Department of State. This Company was founded in 1952 as a fire and casualty insurance company. In 2003, the company was sold to GMAC. At Present, the parent company which is American Capital Acquisition Corporation is the financial division of GMAC. GMAC informs that this company is one of the six subsidiaries of GMAC. Currently, this is fourth largest lease company in Alabama. They work with low and middle class borrowers to offer inexpensive rates. According to a recent survey, their total assets comprise of $68.29 million, policy surplus is $25.1 billion and working capital is $3 million.
New South Insurance Company persists to endorse policies, but does not sell policies directly to the public. It sold a series of principally individual, private insurance policies, business liability. Auto Insurance comprise of trucks, ATVs, boats, cars and recreational vehicles. The other policies recorded are motor vehicle, accident and health, marine, aircraft physical damage, theft and burglary, personal injury liability.
Since 1993, they have offered crores of consumers to discover low insurance rates with their huge association of companies. Any consumer need to fill out a form and their system will match with the agents in their local area that can offer them the best price.
As their office is located in Winston-Salem, We call their corporate office and report our claim. A representative will take the required information and commence the process of the claim. An agent will be assigned to the consumer till the completion of the claim process. At the time customer signs up for a policy, New south assigns a specific account representative till the end. As New South Insurance Company is an independent agency, we may have the choice to start off the claim process with them or directly to our carrier. Some carriers say that we can bypass the filing process, but others wish to contact the agency. Its according to their own choices.
All indications reveal the fact that New South is an independent and a local agency rather than a regional carrier as no source is able to discuss the financial strength.
P O Box 3199
Winston-Salem NC 27102-3199
500 West 5th Street
Winston-Salem NC 27101-2728
New South Insurance Company Rating: N/A
Office Number: (336)435-2000
Toll Free Number: (800)526-0332
Fax Number: (336)435-2022