As you can see below, there is another bond company option in Louisiana. Although Louisiana is not totally without a surety company, it is always nice to see another good player in the pace. This allows our customers to get better service and rates in Louisiana. See our Twitter page here.
The Main Street America Group announced it has received regulatory approval from the State of Louisiana’s Department of Insurance to write commercial surety and fidelity bonds in the state which will be underwritten through the super-regional carrier’s NGM Insurance Company. This marks Main Street America’s entry into the Louisiana insurance marketplace.
“We are very excited to have earned approval to issue and service our suite of competitively priced surety products in Louisiana,” said Brian Beggs, vice president and head of Main Street America’s bonds operation. “This new market continues the expansion of our surety footprint in the Southern U.S. Following our recent approval to write bonds in Mississippi, our surety products are now available via independent insurance agents in 47 states and the District of Columbia.”
Main Street America’s appointed Louisiana independent agents will be able to issue a wide variety of surety products through the company’s proprietary Main Street Station bonds processing system. This intuitive quoting and issuing platform, which automates underwriting for most surety products and allows bonds to be written nearly instantaneously, can issue miscellaneous surety as well as license, permit, probate, court and ERISA bonds.
About The Main Street America Group
With roots dating back to 1923, The Main Street America Group is a super-regional insurance company which writes business through its nine property/casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Main Street America Assurance Company, MSA Insurance Company, Great Lakes Casualty Insurance Company, Grain Dealers Mutual Insurance Company, Main Street America Protection Insurance Company, Spring Valley Mutual Insurance Company and Austin Mutual Insurance Company. Based in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families and businesses throughout the United States.
With nearly $1 billion in premium written exclusively by more than 3,000 independent insurance agents, the 91-year-old company insures over 650,000 policyholders in 36 states and writes bonds in 47 states and the District of Columbia. A.M. Best Company rates The Main Street America Group with an “A” (Excellent) financial strength rating and “a+” issuer credit rating. Main Street America is the founding company partner of Trusted Choice®, the global branding program of the Independent Insurance Agents & Brokers of America. Main Street America is also a founding company partner of the TrustedChoice.com consumer agent portal and the Insurance Institute for Business & Home Safety (IBHS) Research Center.