Merchants Preferred Opens for Business in N.Y.

Merchants Mutual Insurance Co. reports that its recently formed subsidiary, Merchants Preferred Insurance Co., is now accepting business in New York, effective Aug. 1.

Merchants Preferred is a wholly-owned subsidiary of Merchants Mutual Insurance Co. Merchants Preferred targets preferred risk individuals and businesses, while Merchants Mutual targets standard risks.

Preferred recently earned an A- (excellent) rating with a stable outlook from the A.M. Best Co. Mutual’s A- (excellent) rating was also renewed by A.M. Best.

With corporate headquarters and regional operations located in Buffalo, N.Y., Merchants operates offices in Hauppauge, N.Y.; Albany, N.Y.; Moorestown, N.J.; Manchester, N.H., and Columbus, Ohio.

Source: Merchants
www.merchantsgroup.com