Massachusetts’ officials have approved the merger of West Newbury Mutual Fire Insurance Co., a Massachusetts domiciled company, into Dorchester Mutual Insurance Co., also a Massachusetts company.
The purpose of the merger is to streamline operations for their common parent, Norfolk & Dedham Mutual Fire Insurance Co.
Massachusetts Insurance Commissioner Julianne Bowler found that the merger may allow policyholders of Dorchester to benefit from a stronger company with broader product selection. There will be no change in insurance contracts or in policyholders¹ voting rights as a result.
Was this article valuable?
Here are more articles you may enjoy.
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
South Carolina Jury Finds Store Owner Not Guilty of Murder in Shooting of Teen 
Roof Costs Soar Even as Claims Decline: Verisk 
