Baldwin & Lyons, Inc., through its divisions and subsidiaries, is engaged in marketing and underwriting property and casualty insurance and the assumption of property and casualty reinsurance. It operates in two segments: property and casualty insurance and reinsurance. The property and casualty insurance segment provides multiple line insurance coverage primarily to fleet transportation companies and to independent contractors who contract with fleet transportation companies. Additionally, it offers individual personal automobile coverage, professional liability coverages and business owners� and commercial property policies. The reinsurance segment accepts cessions from other insurance companies, as well as retrocessions from reinsurance companies, providing property catastrophe and casualty reinsurance coverages. Its subsidiaries are Protective Insurance Company, Protective Specialty Insurance Company, Sagamore Insurance Company,B&L Brokerage Services, Inc. and B&L Insurance, Ltd.