MSI Insurance Company
MSI Insurance Company
2 Pine Tree Dr.
Arden Hills, MN 55112-3715
Properties need to be insured too. In this way, the things which you own and cherish are protected from whatever risk or danger it may encounter. MSI Insurance Company is just one of the companies that focus on ensuring properties against casualties. By definition, it is an insurance company that protects individuals or businesses against a loss or damage or the loss of its ability to produce income and benefit its owner.
Aside from property and casualty, MSI Insurance Company is one which provides life, disability, farm and ranch, and farm vehicle insurance, among others. The company is licensed in states such as North Dakota, Minnesota, and Wisconsin.
MSI Insurance Company became wholly owned by Country Mutual which is a leading property and casualty company of insurance of the Country Insurance & Financial Services Company. Country Insurance & Financial Services Company began in 1925 as an insurer against fire and lightning for agricultural purposes. It also ranks in the top 50 insurance companies that focus on property and casualty, and the ratings of which are based on net written premium. Aside from that, this parent company also owns Country Trust Bank. They provide advice on investment, planning for retirement, management of assets and mutual funds.
Its portfolio ranges from insuring private vehicles to homeowner’s lines and lands, and continuously expands to offer and secure other personal policies. In Illinois alone, about 46% of total direct premium can be found, and the 35 other states make up the rest.
To date, the company has 3, 125 agents, including almost 2,200 agents who are exclusive and about 925 agents who are independent. Also, it offers term as well as cash value life insurance policies.
In vehicles, or at the automobile business, insurance is offered for private passenger ones for physical damage and liability, most especially for automobiles for farms.
In Homeowner business, MSI Preferred Insurance Company holds policies for ranch and farm insurance.
In the health business, it covers disability plans, and these are available through Country Insurance & Financial Services Company’s subsidiaries on life as well as health insurance.
As part of Country Insurance, MSI Preferred Insurance Company takes pride in having an asset of $3.5 Billion at the end of the fiscal year of 2005. At the same year, it yielded premium income of $2.0 billion. Their life insurance line had assets of $6.9 billion and premium income at $0.6 billion
A.M Best, an organization that provides full-service credit ratings to the financial organization gave a current rating of A+ or Superior for MSI Preferred Insurance Company. This was rated for its high financial stability, security, and proper management performance. A.M Best’s recommendation was based on a quantitative evaluation of balance sheet strength and operating performance, and this includes MSI Preferred Insurance Company’s business profile. Companies regarded with a Superior rating means that it has the excellent capability to meet their various obligations and responsibilities, and meet its client needs.