Main Street America Begins Writing Commercial Surety, Fidelity Bonds in Mississippi

March 23, 2015 1:49 PM EDT

JACKSON, Miss.--(BUSINESS WIRE)-- The Main Street America Group announced it has received regulatory approval from the State of Mississippi Insurance Department to write commercial surety and fidelity bonds in the state, which will be underwritten through the company’s NGM Insurance Company.

“We are thrilled to have earned approval to issue and service our suite of competitively priced surety products in Mississippi,” said Brian Beggs, vice president and head of Main Street America’s bonds operation. “This opens up a significant new source of revenue for Main Street America’s independent insurance agent-customers, both in Mississippi and countrywide.”

Main Street America will offer a wide array of competitively priced commercial surety and fidelity bonds products in Mississippi through its statewide distribution networks of Grain Dealers Mutual Insurance Company commercial lines independent agents and NGM Insurance Company bonds-only independent agents. Product offerings will include:

  • License and permit bonds
  • Court bonds
  • Public official bonds
  • Fidelity/employee theft bonds

Main Street America’s independent agents are able to issue a wide variety of surety products through the company’s proprietary Main Street Station bonds processing platform. This intuitive quoting and issuing system, which automates underwriting for most surety products and enables bonds to be written nearly instantaneously, can issue miscellaneous surety as well as license, permit, probate, court and ERISA bonds.

Main Street America now offers its surety and fidelity bonds products via independent agents in 46 states and the District of Columbia.

About The Main Street America Group

With roots dating back to 1923, The Main Street America Group is a super-regional insurance company which writes business through its nine property/casualty insurance carriers: NGM Insurance Company, Grain Dealers Mutual Insurance Company, Austin Mutual Insurance Company, Old Dominion Insurance Company, Main Street America Assurance Company, MSA Insurance Company, Great Lakes Casualty Insurance Company, Main Street America Protection Insurance Company and Spring Valley Mutual 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 91-year-old company insures over 650,000 policyholders in 36 states and writes bonds in 46 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. 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://msagroup.newshq.businesswire.com/ or connect with us on Facebook at www.facebook.com/MainStreetAmerica.

The Main Street America Group
Mark Friedlander, 904-380-7461
[email protected]

Source: The Main Street America Group



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