Merchants Mutual Insurance Co. reports that its recently formed subsidiary, Merchants Preferred Insurance Co., is now accepting business in New York, effective Aug. 1.
Merchants Preferred 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 Co. Mutual’s A- (excellent) rating was also renewed by A.M. Best.
With corporate headquarters and regional operations located in Buffalo, N.Y., Merchants operates offices in Hauppauge, N.Y.; Albany, N.Y.; Moorestown, N.J.; Manchester, N.H., and Columbus, Ohio.
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