NGM Insurance Co. Introduces Expanded Workers’ Comp. Program in Virginia

Competitive Pricing Levels and Coverage Options Offered via Additional Writing Companies

RICHMOND, Va.--(BUSINESS WIRE)-- The Main Street America Group’s NGM Insurance Company has introduced an expanded workers’ compensation program in Virginia via its network of independent insurance agents throughout the commonwealth.

“The expanded pricing levels in Virginia, available through our additional writing companies, enables us to more precisely match risk to rate and offer our customers more attractive rates on preferred business,” said Dan Gaynor, Main Street America’s vice president and head of commercial lines. “These new options also open our workers’ compensation market to a broader mix of business lines beyond contractors. This includes ‘Main Street’ businesses in the retail, offices, services, manufacturing and wholesale classes throughout Virginia.”

NGM’s expanded workers’ compensation program considers 10 characteristics that impact writing company placement, including ones the super-regional property/casualty insurance carrier has not used before such as number of owned vehicles, years in business and number of nonpays in prior billing cycles. Once these characteristics are applied to a risk, it will then be placed into one of three writing companies, which vary by state.

In Virginia, the product can be written with Main Street America’s NGM Insurance Company, Main Street America Assurance Company or Old Dominion Insurance Company. The expanded workers’ compensation program is also available in Georgia, North Carolina and Vermont.

NGM’s expanded workers’ compensation coverage can be paired with its Main Line Business Owners Program (Main Line BOP) -- a robust small business product that offers a wide range of coverages, including many not available in competitor’s products -- as well as the company’s tiered commercial auto program.

“Quoting and writing the product is easy due to enhancements we have made to our Main Street Station commercial lines policy processing system,” said Gregg Effner, president of Main Street America’s Southeast Region. “By adding workers’ compensation to our Main Line BOP and tiered commercial auto products, our Virginia agent-customers can meet all of their commercial insureds’ needs with one financially strong carrier.”

During the second half of 2015, Main Street America plans to introduce its expanded workers’ compensation program in seven additional states: Connecticut, Delaware, Indiana, Maryland, Pennsylvania, South Carolina and Tennessee.

About The Main Street America Group

With roots dating back to 1923, The Main Street America Group is a mutual insurance holding company which writes business through its nine property/casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Austin Mutual Insurance Company, Grain Dealers Mutual Insurance Company, Main Street America Assurance Company, Great Lakes Casualty Insurance Company, MSA Insurance Company, Spring Valley Mutual Insurance Company and Main Street America Protection Insurance Company. Based in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families and businesses throughout the United States.

With nearly $1 billion in premium written exclusively by more than 3,000 independent insurance agents, the 92-year-old company insures over 650,000 policyholders in 36 states and writes bonds in 47 states and the District of Columbia. A.M. Best Company rates The Main Street America Group with an "A" (Excellent) financial strength rating and “a+” issuer credit rating. The company has $1.04 billion in surplus (capital) and $2.4 billion in total assets.

Main Street America is the founding company partner of Trusted Choice^®, the global branding program of the Independent Insurance Agents & Brokers of America. Main Street America is also a founding company partner of the TrustedChoice.com consumer agent portal and the Insurance Institute for Business & Home Safety (IBHS) Research Center. For more information about Main Street America, please visit our newsroom at http://news.msagroup.com or connect with us on Facebook at www.facebook.com/MainStreetAmerica.

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The Main Street America Group

Mark Friedlander, 904-380-7461

[email protected]

Source: The Main Street America Group