EMC Drops High-Risk Private Auto Insurance Line
NU Online News Service, Jan. 26, 1:42 p.m. EST?EMC Insurance Group Inc. said it will stop writing nonstandard risk auto insurance business offered through its Farm and City Insurance Company unit because this line of business is not seen as part of the company's "core competency."[@@]
The Des Moines, Iowa-based insurer plans to institute nonrenewal procedures on all existing policies in this business. Effective dates for these actions will be determined by the requirements of the six states in which EMC conducts business and the terms of individual policies, the company said.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
