Windfall Mutual Is Exiting Auto Insurance coverage In A Whole of 4 States
Windfall Mutual introduced it has entered into an settlement to permit for the switch of auto insurance coverage enterprise to Plymouth Rock Assurance, whereby Plymouth Rock will present auto insurance coverage renewal affords to eligible Windfall Mutual policyholders in Connecticut and New Hampshire.
As a number one private traces insurance coverage supplier within the northeast, Plymouth Rock writes and manages greater than $2 billion in auto, residence and umbrella insurance coverage premiums. Eligible Windfall Mutual clients will obtain a Plymouth Rock auto insurance coverage provide previous to their coverage’s nonrenewal date. It’s anticipated that insurance policies with renewal dates on the finish of March 2025, or early April 2025, could be the primary to undergo this course of.
Windfall Mutual notified brokers and regulators that the corporate made the choice to exit auto insurance coverage for each business and private traces within the 4 states presently supplied – Connecticut, Maine, New Hampshire and Rhode Island.
“Exiting auto will give us extra sources to put money into and improve our core merchandise, equivalent to householders, dwelling, umbrella and BOP, that are rising,” stated Michele Streton, president and CEO of Windfall Mutual. “We have now labored tirelessly to create a seamless expertise for our insureds and brokers throughout this transition and are happy to have a associate like Plymouth Rock who shares in our dedication to delivering distinctive service to clients and brokers alike.”
Windfall Mutual has filed for a house owner’s low cost to be out there for the companion householders insurance policies impacted by this resolution and anticipate to have it out there to be used within the first quarter of 2025. After this low cost is obtainable, the corporate will transition house owner insurance policies which have the multi-policy low cost to the brand new low cost as auto insurance policies are non-renewed or moved by its company companions.
