MEMIC Indemnity Co., a member of The MEMIC Group, has recently earned authorization to write workers’ compensation insurance in Rhode Island, North Carolina, Virginia and Colorado.
The MEMIC Group can now offer workers’ compensation coverage to employers in 42 states.
“The interest in our product doesn’t stop at any particular state line,” said MEMIC President and CEO John T. Leonard. “We set out to offer coverage across the country and we’re nearly there.”
While the company’s focus remains the northeastern U.S., MEMIC Group, rated “A” (Excellent) by A.M. Best, can now offer coverage down from Maine to Virginia.
The group’s northeast focus, which includes offices in Portland, Me.; Manchester, N.H.; Glastonbury, Conn; and Albany, N.Y., has helped make it one of the top 50 writers of workers’ compensation in the U.S.. according to Leonard.
The company said it has already begun to ally with agents in Rhode Island while it is still making plans for its efforts in Virginia, North Carolina and Colorado. MEMIC’s current growth plans are concentrated in Connecticut and New York.
With 42 states covered, the company said it is working to get authorization in California and it will also make application to West Virginia in 2008 when that market opens for competition.
Source: The MEMIC Group
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