USF&G boosts Mississippi presence with new insurer. (United States Fidelity and Guaranty Co.; USF&G Insurance Co. of Mississippi)

National Underwriter Property & Casualty-Risk & Benefits Management, December, 1993 by Gilbert, Evelyn

The United States Fidelity and Guaranty Company has formed a new insurance company in its largest market, Mississippi. The new insurance company will be known as the USF&G Insurance Company of Mississippi, a wholly-owned subsidiary of the Baltimore, MD.-based USF&G. Mississippi has been USF&G's most important state for nearly 100 years.

The Mississippi market represents over 7 percent of USF&G's business, and produced over $180 million in premium in 1992, according to USF&G Executive Vice President Warren Coupland. "The new enterprise, capitalized at $15 million, represents our interest in an insurance marketplace that we believe is among the most reasonable in terms of regulation and legislative responsiveness to the economic needs of its businesses and...

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