Main Street America Now Writing Surety, Fidelity Bonds in Mississippi

March 24, 2015

The Main Street America Group has received regulatory approval from the State of Mississippi Insurance Department to write commercial surety and fidelity bonds in the state, which will be underwritten through the company’s NGM Insurance Co.

Brian Beggs, vice president and head of Main Street America’s bonds operations said the move will open up a significant new source of revenue for Main Street America’s independent insurance agent-customers, both in Mississippi and countrywide.

Main Street America will offer an array of commercial surety and fidelity bonds products in Mississippi through its statewide distribution networks of Grain Dealers Mutual Insurance Co. commercial lines independent agents and NGM Insurance Co. bonds-only independent agents. Product offerings will include:

  • License and permit bonds
  • Court bonds
  • Public official bonds
  • Fidelity/employee theft bonds

Main Street America’s independent agents are able to issue a variety of surety products through the company’s proprietary Main Street Station bonds processing platform. The quoting and issuing system, which automates underwriting for most surety products and enables bonds to be written nearly instantaneously, can issue miscellaneous surety as well as license, permit, probate, court and ERISA bonds.

Main Street America now offers its surety and fidelity bonds products via independent agents in 46 states and the District of Columbia.

Main Street America entered the Mississippi property/casualty marketplace in 2009 when it added affiliate Grain Dealers Mutual. Main Street America’s commercial product offerings in the state include its main line business owners policy, commercial auto, workers’ compensation and commercial umbrella.

Topics Agencies Mississippi

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