Baldwin & Lyons, Inc. is engaged in marketing and underwriting property and casualty insurance, and the assumption of property and casualty reinsurance. The company’s principal subsidiaries include Protective Insurance Company (Protective), which is licensed by insurance authorities in all 50 states, the District of Columbia, all Canadian provinces and Puerto Rico; Protective Specialty Insurance Company (Protective Specialty), which is approved for excess and surplus lines business by insurance authorities in 49 states and the District of Columbia and licensed in Indiana; Sagamore Insurance Company (Sagamore), which is licensed by insurance authorities in 49 states and the District of Columbia and approved for excess and surplus lines business in 1 additional state; B&L Brokerage Services, Inc., an Indiana domiciled insurance broker licensed in all 50 states and the District of Columbia; and B&L Insurance, Ltd. (BLI), which is domiciled and licensed in Bermuda. Protective, Protective Specialty, Sagamore and BLI are collectively referred to herein as the Insurance Subsidiaries. The Insurance Subsidiaries serve various specialty markets as follows: Fleet Transportation The Insurance Subsidiaries provide coverage for larger companies in the motor carrier industry which retain substantial amounts of self-insurance, for independent contractors utilized by trucking companies, for medium-sized and small trucking companies on a first dollar or small deductible basis and for public livery concerns, principally covering fleets of commercial buses. This group of products is collectively referred to as fleet transportation. Large fleet trucking products are marketed largely by the company agency organization directly to fleet transportation clients but also through relationships with non-affiliated brokers and specialized independent agents. The principal types of fleet transportation insurance marketed by the Insurance Subsidiaries are commercial motor vehicle liability, physical damage and other liability insurance; workers' compensation insurance; specialized accident (medical and indemnity) insurance for independent contractors; non-trucking motor vehicle liability insurance for independent contractors; fidelity and surety bonds; Inland Marine consisting principally of cargo insurance; and Captive insurance company products, which are provided through BLI in Bermuda. The company also performs various additional services, primarily for the company’s insureds, including risk surveys and analyses, safety program design and monitoring, government compliance assistance, loss control and cost studies and research, development, and consultation in connection with new insurance programs, including development of computerized systems to assist customers in monitoring their accident data. Extensive claims handling services are also provided, primarily to clients with self-insurance programs. Reinsurance Assumptions The company accepts cessions and retrocessions from selected insurance and reinsurance companies, providing reinsurance coverage for both property and casualty events. Property reinsurance premium for 2013 was split roughly evenly between business produced through a single retrocession with a Lloyds of London syndicate and that produced through an exclusive managing general agency partnership. Property reinsurance is concentrated in upper layers of coverage so that only major catastrophic events would be expected to have a material impact on the company’s operations or financial position. The Insurance Subsidiaries participate in various mandatory government-operated reinsurance pools, which require insurance companies to provide coverages on assigned risks. These assigned risk pools allocate participation to all insurers based upon each insurer's portion of direct premium writings on a state or national level. Private Passenger Automobile Insurance The company markets private passenger automobile liability and physical damage coverages to individuals through a network of independent agents in 30 states. Professional Liability The company markets various professional liability products through wholesale and retail agents on both an admitted and surplus lines basis throughout the United States, specializing in smaller insureds. History Baldwin & Lyons, Inc. was founded in 1930. The company was incorporated under the laws of the state of Indiana in 1930.
baldwin & lyons inc -cl b
111 Congressional Boulevard
Carmel, IN 46032
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