Lincoln General has specialized in the transportation industry since 1977. Lincoln
became part of the Kingsway Financial Services Group (NYSE-KFS) in 1998 and has
grown to become the largest company in the group with gross written premium in excess
of $1 billion in 2005.
The company was founded in Gettysburg, Pennsylvania on March 17, 1977 by Walter
Fohl, the majority stockholder of Walshire Assurance Company (Lincoln's holding
company). Established under the laws of Pennsylvania, it began business on May 13
of the same year. In August of 1986, Fohl passed away, and the minority stockholders
in Walshire purchased his stock in March, 1987. Walshire went public in September,
1987, and in the following year, Lincoln relocated from Gettysburg to York, Pennsylvania.
Initially, Lincoln only offered commercial auto physical damage and cargo coverage
as it specialized in long haul trucking risks. But in July, 1991, it also started
writing primary auto liability coverage. Over the next several years, other lines
of coverage and additional states were added to Lincoln's book of business. In 1994,
it began writing workers' compensation for small long haul trucking fleets. Walshire
Assurance acquired Yorktowne Mutual Insurance Company, a wholly-owned subsidiary
of Walshire Assurance, in October, 1996, and in that same year, commercial multi-peril
and commercial umbrella coverage were also added. Kingsway acquired Walshire Assurance
Co. in December of 1998, and two years later, Lincoln took over all the insurance
liabilities of Yorktowne and made it the risk-bearing company. In 2001, Lincoln
instituted relationships with many Managing General Agents (MGAs) with direct and
assumed business.
Today, most premium stems from either those MGAs, Managing General Underwriters,
and/or General Agents. The company writes various lines of business but concentrates
in the commercial auto and non-standard auto markets, what we refer to as our traditional
transportation products. Our specialty lines include artisan contractors, bonds,
business auto, couriers, daily rental, pet health care, tow trucks, and waste haulers.
See our Products Overview for a complete listing of
our product lines.
Financial Strength
The A.M. Best Company, the largest and most experienced independent insurance analyst,
rates Lincoln General B++ (Good), VIII for its financial strength and claims payment
ability.
Value
Lincoln General strives to offer you the most comprehensive protection at the best
value for your insurance dollar.
Professional, Personal Service
Lincoln General has built one of the best dedicated claims organizations servicing
the transportation industry. Our commitment is to deliver on our policy’s
promise with fast, fair, and professional claims service every time. Our products
are sold and serviced by a network of knowledgeable, professional, independent agents
who are committed to personal service. For agent information, please see our
Find An Agent page.