SOURCE: The Main Street America Group

September 25, 2007 10:00 ET

The Main Street America Group Launches Personal Auto MVP in Connecticut and Pennsylvania

Robust Rating Program Offers Independent Insurance Agents Price Flexibility and Expanded Markets for Their Personal Auto Business

JACKSONVILLE, FL--(Marketwire - September 25, 2007) - The Main Street America Group announced today it has launched its new Personal Auto MVP (multivariate program) in Connecticut and Pennsylvania.

Personal Auto MVP is Main Street America's proprietary rating program designed to provide greater pricing flexibility for the super regional property-casualty carrier's new personal auto policies. It features predictive modeling, or multivariate rating, which considers a variety of risk characteristics simultaneously, as well as the interactions and correlations among these characteristics, to price a policy.

Additionally, with Personal Auto MVP's expanded underwriting guidelines, 80 to 85 percent of the available private passenger auto market would qualify for coverage, including drivers with one "driving under the influence" conviction but an otherwise clean driving record.

"Since Personal Auto MVP was introduced to our independent agent-customers in Vermont and Georgia earlier this year, quoting activity has significantly increased," said Bonny Parker, vice president of personal lines for Main Street America. "Our customers have been very pleased with how our underwriting appetite has grown."

Over the next year, Main Street America will continue to introduce Personal Auto MVP to its agent-customers throughout the states where it writes business.

Independent agents writing business through Main Street America benefit from a full array of competitively priced personal lines, commercial lines and surety products, supported by its WOW! Claim Services, delivering prompt and empathetic claims handling; a network of regional staff and underwriters; and dedicated customer service and agency automation representatives.

About The Main Street America Group

With roots dating back to 1923, The Main Street America Group is a super regional insurance company that operates four property-casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Main Street America Assurance Company and MSA Insurance Company. Based in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance products, and fidelity and surety bond products, to individuals, families and businesses.

With more than $850 million in direct premium written exclusively by more than 1,300 independent insurance agents, Main Street America insures more than 500,000 policyholders along the Eastern Seaboard from Maine to Florida. The company has regional offices in Jacksonville; Keene, N.H.; Richmond, Va.; and Syracuse, N.Y., and a claims reporting center in Auburn, Mass. A.M. Best Company rates The Main Street America Group as an "A" (Excellent). Main Street America is the founding company partner of Trusted Choice®, the global branding program of the Independent Insurance Agents & Brokers of America. For more information about Main Street America, visit www.msagroup.com

Contact Information

  • Contact:
    Mark Friedlander
    The Main Street America Group
    (904) 380-7461
    Email Contact