Buffalo, N.Y.-based Merchants Mutual Insurance Co. recently announced that it has formed a subsidiary, Merchants Preferred Insurance Co. and is now accepting commercial and personal lines business in Ohio, effective Jan. 1, 2008.
Merchants Preferred Insurance Co. is a wholly owned subsidiary of Merchants Mutual Insurance Co. Merchants Preferred targets preferred risk individuals and businesses, while Merchants Mutual targets standard risks.
Preferred recently earned an A- (excellent) rating with a stable outlook from the A.M. Best Company. Mutual’s A- (excellent) rating was also renewed by A.M. Best.
Merchants Mutual Insurance Co. and Merchants Preferred Insurance Co. comprise Merchants Insurance Group.
Merchants Mutual and Merchants Preferred offer personal and commercial insurance through a network of more than 600 independent insurance agents throughout the Northeast and Midwest.
Source: Mechants Mutual Insurance Co.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
