Main Street America Expands Product Lines To Grain Dealers Mutual Agents

May 4, 2010

The Main Street America Group has introduced its products to nearly 200 independent agents who represent new affiliate Grain Dealers Mutual Insurance Co. throughout North Carolina, Virginia and Tennessee.

Specifically, super regional carrier Main Street America launched its commercial and surety bond product lines, as well as its personal product line, to Grain Dealers Mutual agents in Virginia, and its commercial and surety products to Grain Dealers’ North Carolina agents. In Tennessee, Main Street America rolled out its commercial product line to Grain Dealers’ agents in the Volunteer State and will introduce its personal lines products to these independent agents in July 2010.

Main Street America closed its affiliation with regional carrier Grain Dealers Mutual in November 2009. Main Street America already has a presence in North Carolina, Virginia and Tennessee through its established network of independent agent-customers. Main Street America is focused on growing market share in these three states via its expanded distribution network of Grain Dealers Mutual agents.

In North Carolina, Virginia and Tennessee, Main Street America’s products are written with its NGM Insurance Co., Old Dominion Insurance Co. or Main Street America Assurance Co.

Main Street America’s personal auto MVP is designed to provide greater pricing flexibility for new 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, creating billions of pricing points.

Main Street America’s Main Line business owners policy product for small businesses features 10 programs—condominium associations, garages, restaurants, light manufacturing, wholesale, retail, services, offices, apartments and contractor programs—with nearly 500 eligible classes.

The product also offers different deductible and business income choices, and coverages such as identity theft, employment practices liability insurance, product withdrawal (manufacturing and wholesale), condo directors and officers, and garage keepers broad form. There are also a variety of optional coverages.

At a series of kickoff meetings in Raleigh (Morrisville), N.C., and Greensboro, N.C.; Roanoke, Va.; and Jackson, Tenn., Cookeville, Tenn., and Knoxville, Tenn., the network of Grain Dealers Mutual independent agents was also introduced to Main Street Station policy processing systems, which they will use to quote and issue new policies.

In North Carolina and Virginia, Main Street America also introduced its full range of contract, construction, commercial surety and fidelity bond products, and its main street station for bonds ordering and processing system, which enables agents to execute most bonds for their customers in just a few minutes.

Later this year, Main Street America plans to introduce its products to Grain Dealers Mutual independent agents in Indiana, Mississippi and Oklahoma.

Source: Main Street America

Topics Agencies North Carolina Virginia Tennessee

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