FCBI Acquires MidSouth Mutual Insurance Company

FCBI, a Florida based self-insurance fund specializing in providing workers’ compensation insurance to companies across Florida, has acquired MidSouth Mutual Insurance Company, a Tennessee based company effective August 21, 2024. The carrier has been demutualized and renamed MidSouth Insurance Company. MidSouth Insurance Company will operate as a subsidiary of FCBI.

The two companies share a strong commitment to exceptional customer service, encouraging workplace safety, and assisting clients with cost containment as it relates to worker’s compensation insurance.

FCBI was born out of the need for Florida citrus growers to secure affordable and reliable workers’ compensation insurance more than 45 years ago. Over time, the company shifted focus to also provide workers’ compensation insurance to heterogeneous industries, with an emphasis on construction related trades. FCBI has been a mainstay of the Florida workers’ compensation market providing the products and services needed to power the industry for many years.

MidSouth Insurance Company has roots back to the 1990’s when homebuilders and contractors in Tennessee faced similar pricing and availability headwinds in the workers’ compensation insurance marketplace. Since that time, the organization has successfully met the needs of the Tennessee marketplace and fifteen additional states across the South and the Midwest.

The acquisition of MidSouth Mutual Insurance Company by FCBI extends their market reach far beyond the state of Florida. The two companies share the same culture: focusing on their clients and agency partners with a commitment to doing business the right way.

Contact: Greg Vahle

Telephone: 386.267.0378

E-mail: greg.vahle@midsouthinsuranceco.com

MidSouth Mutual Insurance Looks Forward to Attending the IIABSC Spring Conference

As a Palmetto Partner of the IIABSC, we look forward to attending the association's Spring Conference being held on March 15-16 in Columbia, S.C. at the Columbia Metropolitan Convention Center located downtown. This year we will be in booth 28 just inside the doors of the exhibit hall. If you would like to set up a meeting during the conference in advance, please contact Carl Hesselbach at carl.hesselbach@bwood.com.  

MidSouth Mutual Insurance Company specializes in writing workers' compensation for residential builders, contractors, construction trades and related segments. Examples of classes we have written in the residential construction segment includes: 

• Carpentry – Construction of Residential Dwellings

• Carpentry – Installation of Cabinet Work or Interior Trim

• Painting NOC

• Masonry NOC

• Concrete Construction NOC

• Concrete or Cement Work – Floors, Driveways, Yards, or Sidewalks

• Wallboard Installation

• Excavation 

We also write workers' compensation insurance in select other business segments such as non-emergency medical transport, home health care, assisted living facilities and more. The company is approved to write business in the following states including Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. 

MidSouth Mutual has enjoyed steady growth in South Carolina on the strength of a superior product, competitive pricing and exceptional service. While we leverage the latest technologies, we still place great emphasis on building and developing strong relationships with our agency partners. 

If your agency is not currently doing business with MidSouth Mutual Insurance Company and would like to learn more, please reach out to us at 844-438-6642 and ask to speak with Carl Hesselbach. You can also contact us by pressing on the button below to complete a very short form to discuss agency appointment options. We look forward to hearing from you!

MidSouth Mutual Insurance Company - A Strong Supporter of Independent Insurance Agencies

MidSouth Mutual Insurance Company has been and continues to be a strong supporter of professional independent insurance agencies. Once again this year, we are proud to serve as a sponsor or partner with three independent agency associations including the Insurors of Tennessee, the IIANC of North Carolina and the IIABSC of South Carolina. We recognize the important work these professional organizations do for the insurance industry in their respective states and are pleased to support them in 2022. We look forward to being present at events and seeing members throughout the year.

MidSouth Mutual Representatives Attend IIABSC Spring Conference

Midsouth Mutual Insurance Company representatives are attending the Independent Agents & Brokers of South Carolina Spring Conference being held in Columbia, SC on May 18-19, 2021. We look forward to visiting with our colleagues from the insurance industry in Columbia. Midsouth Mutual is a Silver Palmetto Sponsor of the association and a strong supporter of independent agents and brokers in South Carolina.

Across our service area that spans over fourteen states, we are active supporters of the independent agency system. We recognize the vital role professional independent agencies play in helping clients manage their exposure to risk and in identifying the right solutions to meet their specific needs.

If your agency is not already doing business with MidSouth Mutual Insurance Company either directly or through one of our preferred brokers, we welcome your inquiry. Please reach out to us via the Agency Relationship page and complete the short form. We will get back to you quickly. We look forward to hearing from you.

MidSouth Mutual "A" Exceptional FSR Rating Affirmed by Demotech, Inc. December 2020

MidSouth Mutual Insurance Company continues to hold an "A" Exceptional (FSR) rating from Demotech, Inc. underscoring the strength of the company's strategy of smart and sustainable growth. The rating was reaffirmed in December of 2020.

At a time when many insurance company’s rely on artificial intelligence and algorithms, we still focus on common sense underwriting based on sound fundamentals. If you are not already a Midsouth Mutual client and are seeking workers’ compensation insurance, please contact us today.

Demotech, Inc. Financial Stability Rating (FSR) Rating Page

MidSouth Mutual Insurance Company - Approved to Write Business in Texas

MidSouth Mutual Insurance Company is pleased to announce that the company can now write workers’ compensation insurance in the state of Texas. The Commissioner of Insurance for the state approved MidSouth Mutual Insurance Company on December 29, 2020 with license number 13766236. The company is looking forward to exploring workers’ compensation insurance opportunties across the state starting in 2021. MidSouth Mutual’s market reach now spans sixteen states across the Midsouth, Southeast, and Midwest and will enable the company to continue to build on its strategy of smart and sustainable growth.

MidSouth Mutual Insurance Company - Featured in The Tennessee Insuror Magazine

The Insurors of Tennessee featured MidSouth Mutual in the April/May issue of the Tennessee Insuror magazine on page 36 in the Company Spotlight section. The article provides an overview about the company and how it is serving independent insurance agencies in Tennessee and other states throughout the South and the Midwest. Please click on the link below to see an electronic copy of the magazine and the article.

The Tennessee Insuror Magazine

MidSouth Mutual Insurance Company Approved in Florida

MidSouth Mutual Insurance Company is pleased to announce that it has been approved to operate in the state of Florida. The addition of Florida to the list of states the company serves is consistent with its strategy of smart and sustainable growth.

Expansion into Florida enables the company to serve companies based in the state and companies that operate in Florida from across from across the greater MidSouth Mutual footprint. Currently, MidSouth Mutual is licensed and approved to operate in 14 states including Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Mississippi, Missouri, Nebraska, Oklahoma, North Carolina, South Carolina, Tennessee and Virginia.

MidSouth Mutual is a premier provider of workers’ compensation insurance and services to select segments of the market. The company distributes insurance products through preferred brokers and direct relationships with a limited number of professional independent insurance agencies. MidSouth Mutual Insurance Company is based out of the Nashville, Tennessee area.

MidSouth Mutual To Attend Fall Meeting of Home Builders Association of Tennessee

Keith Fawcett, Dawn Wilson and Carl Hesselbach will be attending the Home Builders Association of Tennessee Fall Meeting being held on November 7-9, 2019 at the Westin Hotel in Chattanooga, Tennessee. MidSouth Mutual is sponsoring breakfast the morning of November 8, 2019 demonstrating the company’s continued support for the organization. MidSouth Mutual is a leading writer of workers’ compensation insurance for home builders in Tennessee and across the region. We look forward to seeing our construction industry clients and affiliated professional independent insurance agents at the event.

MidSouth Mutual Approved and Licensed to Operate in the Commonwealth of Virginia

MidSouth Mutual is pleased to announce the company is approved and licensed by the Commonwealth of Virginia to write insurance in the state. The company will be offering workers’ compensation insurance to clients through select brokers as we begin operations in Virginia. At present, MidSouth Mutual can provide workers’ compensation insurance to construction contractors, home healthcare providers, auto repair shops and certain other select businesses. We look forward to providing companies in Virginia with superior workers’ compensation insurance backed by exemplary service and support.