The Main Street America Group unveiled a new rating program designed to provide greater pricing flexibility for the super regional property-casualty carrier’s new Personal Auto policies.
Personal Auto MVP (multivariate program) features “predictive modeling,” or “multivariate” rating, which considers a variety of risk characteristics simultaneously, as well as the interactions and correlations among these characteristics, to price a policy.
Main Street America launched Personal Auto MVP in Vermont in May.
The program was launched in Georgia under Main Street America’s Main Street America Assurance Company.
Within the next year, Personal Auto MVP will be launched on a state-by-state basis to 15 of the16 states where Main Street America writes business, except Florida.
Source: The Main Street America Group
Topics Personal Auto Georgia
Was this article valuable?
Here are more articles you may enjoy.
Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P 
Update: Beryl Rakes Mexico’s Yucatan With Hurricane Winds and Heavy Rain 
As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis: Survey 
Microsoft Tells Texas Agencies They Were Exposed in Russian Hack 
