American Modern Insurance Group, a wholly owned specialty insurance subsidiary of The Midland Co., has finalized its agreement with GuideOne Insurance to reinsure and service Des Moines, Iowa-based insurer’s motorsports products, with plans to migrate the business to their own paper within the next 18 months.
The companies struck a tentative agreement in August to provide uninterrupted service to agents and policyholders in GuideOne’s motorcycle, watercraft and snowmobile lines after GuideOne announced plans to phase out its motorsports products. Once appropriate contracting and licensing requirements are met, the motorsports products will be available to current American Modern agents.
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
