Affirmative Insurance Holdings Moving Offices to Louisiana

September 15, 2009

Affirmative Insurance Holding Inc. has announced it is consolidating its corporate operations center from Chicago to Baton Rouge, La.

Louisiana Gov. Bobby Bobby Jindal, Affirmative Insurance Holdings Inc.’s Chief Operating Officer Bob Bondi, East Baton Rouge Parish Mayor-President Kip Holden, and Baton Rouge Area Chamber President and CEO Adam Knapp jointly announced the move at a press conference in Baton Rouge, the governor’s office reported. The company will locate its offices in the Bon Carre’ Business Center.

Affirmative Insurance Holdings’ consolidation in the Baton Rouge area means the company will make a $1.2 million capital investment, create 56 new direct jobs averaging $26,400 plus benefits, and maintain 200 existing jobs averaging $40,000 plus benefits, the governor’s office said.

Louisiana Economic Development and the City of Baton Rouge/East Baton Rouge Parish each will provide performance-based financial assistance of $97,000 toward the cost of a backup generator, and Affirmative also intends to utilize the state’s Enterprise Zone program or the Quality Jobs program.

Affirmative Insurance has major operations centers in Chicago, Dallas and Baton Rouge – and all three were considered for the operations consolidation. The company said they decided on Louisiana because of the quality of the state’s workforce, an excellent business climate that fosters growth, and the support of local government that is aggressive in generating business growth within the community.

Affirmative Insurance Holdings Inc. is a distributor and producer of non-standard personal automobile insurance policies and related products and services for individual consumers in targeted geographic markets. Non-standard personal automobile insurance policies provide coverage to drivers who find it difficult to obtain insurance from standard automobile insurance companies due to their lack of prior insurance, age, driving record, limited financial resources or other factors. Non-standard personal automobile insurance policies generally require higher premiums than standard automobile insurance policies.

Source: Louisiana Governor’s Office

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