UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                                 Date of Report
                                 October 7, 2004
                        (Date of earliest event reported)

                           VESTA INSURANCE GROUP, INC.
             (Exact name of registrant as specified in its charter)

                  Delaware                                    63-1097283
         (State or other jurisdiction of                   (I.R.S. Employer
         incorporation or organization)                   Identification No.)

         3760 River Run Drive                                    35243
         Birmingham, Alabama                                   (Zip Code)
(Address of principal executive offices)

                                 (205) 970-7000
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))




Item 7.01.  Regulation FD Disclosure.

On October 7, 2004 the Registrant issued a press release announcing its
estimated losses from Hurricanes Ivan and Jeanne, updating loss estimates from
Hurricanes Charley and Frances and announcing a settlement with Dorinco
Reinsurance Company. A copy of this press release is attached as Exhibit 99.1
and incorporated herein by reference.




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.

Dated as of October 7, 2004.

VESTA INSURANCE GROUP, INC.

By:   /s/ Donald W. Thornton
     -----------------------------     
Its: Senior Vice President 
     General Counsel and Secretary