American Hardware Mutual Insurance Co. has been renamed Motorists Commercial Mutual Insurance Co. after receiving approval from policyholders, the Ohio secretary of state and the Ohio Department of Insurance.
Changing the name is another step in the restructuring of American Hardware, which began March 1, 2011.
The new name clearly identifies the nature of the company’s business, said Charles D. Stapleton, senior vice president, Commercial Lines and Affiliate Operations for The Motorists Insurance Group.
MCM is a commercial lines insurer that offers the broadest coverage in the niche commercial markets it serves. The company is backed by the financial strength of Columbus, Ohio-based The Motorists Insurance Group, rated A (Excellent) by A.M. Best, the foremost rating agency of insurance companies.
The distribution system of MCM was changed to one based solely on independent agents in a market defined by the 17 states stretching from the Midwest to the Northeast and South Carolina in which the companies of The Motorists Insurance Group operate.
Source: The Motorists Insurance Group
Topics Commercial Lines Ohio
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