Main Street Group Drives Predictive Modeling Auto into Conn., Pa.

October 3, 2007

The Main Street America Group has launched its 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 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 percent 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.

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

Source: Main Street America Group
www.msagroup.com

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