AssuranceAmerica Corporation Announces Appointment of Mr. Daniel Brannock as President of AssetAmerica Insurance Agencies, LLC

ATLANTA--Aug. 2, 20036, 2003--Lawrence ("Bud") Stumbaugh, President and Chief Executive Officer of ASSURANCEAMERICA CORPORATION (OTCBB: ASAM) today announced the appointment of Daniel Brannock as President of AssetAmerica Insurance Agencies, LLC, its retail agency chain.

Prior to joining AssetAmerica, Mr. Brannock was Vice President of Henderson & Phillips Corporation, of U.S.I. Insurance Services. "This addition to our management team will add significant focus to the expansion of our agency operations," said Stumbaugh.

AssuranceAmerica focuses on the non-standard automobile insurance marketplace, primarily in Florida and Georgia. Its principal operating subsidiaries are AssetAmerica Insurance Agencies (acquired in 1998), which sells personal automobile insurance policies through its 26 retail agencies, AssuranceAmerica Managing General Agency, and AssuranceAmerica Insurance Company. Established in 2000, AssuranceAmerica Managing General Agency develops and markets insurance products, underwrites insurance risks, adjusts insurance claims and binds new policies. In 2002, AssetAmerica and AssuranceAmerica Managing General Agency wrote an aggregate of approximately $56 million in premiums. AssuranceAmerica Insurance Company, which was formed in the fourth quarter of 2002, began writing business in the state of Georgia on April 1, 2003.

This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statement. By making the forward-looking statements, AssuranceAmerica Corporation undertakes no obligation to update these statements for revisions or changes after the date of this release.