Tycoon, politicians took the Atlanta automobile insurance company
Guy Millner, a Republican whose political ambition collapsed in the polls three times in Georgia, runs another, what it does best: business.
The founder of the Norrell staffing suppliers Deal completed in its April 5 years of automobile insurance. Insurance America is a small company during the past year revenues of $ 13.5 million and a loss of $ 618000.
But Millner, the chairman, and Mr. Sidekick Lawrence “Bud” Stumbaugh, Chief Executive, have ambitions “significant growth”.
If they replicate the success of Norrell, they met their goal. Millner Norrell founded in 1961 and built into a public limited company with $ 1.4 billion in revenue in 1998. Next year, the Atlanta company was sold to a rival in Florida on a deal with a value of $ 625 million. Millner controls more than 36 percent of Norrell in time.
The test vehicle Millner, another Norrell Pull-off is a company that sells automobile insurance for consumers and bad driving records in these areas at high-risk categories, such as young or recently divorced. Insurance America operates in Georgia and Florida, Alabama and South Carolina continues to plan its expansion.
Since Millner, and forecast the acquisition Stumbaugh
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