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The Main Street America Group Introduces Personal Auto MVP

Provides Independent Insurance Agents with Competitive Prices and Broader Markets for Their Personal Auto Business

JACKSONVILLE, Fla., May 1 -- The Main Street America Group announced today the launch of its Personal Auto MVP (multivariate program), a rating program designed to provide greater pricing flexibility for the super regional property-casualty insurance carrier's new personal auto policies.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060213/FLM008LOGO )

Personal Auto MVP 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.

"Our new rating process will create billions of pricing points," said Bonny Parker, Main Street America's vice president, personal lines product. "With this greater pricing flexibility, as well as additional pricing tiers, Main Street America's personal auto product will be more competitively priced for a larger segment of our 'Main Street' market."

Parker added, "Our personal auto MVP will also reflect an expanded underwriting appetite. Based on our new underwriting guidelines, 80-85 percent of the available personal auto market would qualify for coverage by Main Street America, including drivers with one 'driving under the influence' conviction but an otherwise clean driving record. This will significantly open markets for our customer -- the independent agent."

Personal Auto MVP has been launched in Vermont under Main Street America's Main Street America Assurance Company carrier.

"Within the next 12 months, our new rating program will be launched on a state-by-state basis to all 16 states where we write business," said Sharon Petrell, assistant vice president of Main Street America's marketing and integrated solutions department.

About The Main Street America Group

The Main Street America Group is a super regional insurance company that operates four property-casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Main Street America Assurance Company and MSA Insurance Company. Based in Jacksonville, Fla., The Main Street America Group has provided property-casualty insurance products, programs and services to individuals, families and small businesses since 1923. With nearly $850 million in direct premium written exclusively by more than 1,300 independent insurance agents, Main Street America insures more than 500,000 policyholders along the Eastern Seaboard from Maine to Florida.

Main Street America has regional offices in Jacksonville; Keene, N.H.; Richmond, Va.; and Syracuse, N.Y., and a claims reporting center in Auburn, Mass. A.M. Best Company rates The Main Street America Group as an "A" (Excellent). The Main Street America Group is a founding company partner of Trusted Choice(R), the global branding program of the Independent Insurance Agents & Brokers of America. For more information about The Main Street America Group, visit http://www.msagroup.com/

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