New Value Insurance MGA Offering Non-Standard Auto in Alabama

August 4, 2020

Value Insurance MGA, a new Birmingham, Ala., domiciled managing general agent specializing in non-standard auto insurance, is now offering a personal lines auto product in the state.

Value MGA founder Daniel Feigenbaum has tapped Paul G. Gabe Jr., previous president and CEO of Star Casualty Insurance Company (SCIC) to launch the Value Insurance MGA non-standard auto program. Feigenbaum is also CEO of Florida-based London Underwriters.

Trigon-Inc. of Alabama serves as general agent for the startup. It previously marketed a multi-million dollar auto book of business in the state. Coverage is available through Old American Indemnity Co. within the state of Alabama, an admitted insurance carrier.

Liability limits for the non-standard auto product are $25,000/$50,000/$25,000. Discounts are available for multi-vehicle, in-agency transfer, renewal, and mature drivers.

Value Insurance MGA currently only offers coverage in Alabama with plans to eventually expand into other states.

Value Insurance MGA currently is appointing independent insurance agencies within the state of Alabama.

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