Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies, Acceptance Indemnity Insurance Company and Acceptance Casualty Insurance Company, to McM Corporation, a Raleigh, N.C.-based insurance holding company. In addition, McM Corp. purchased a selected portfolio of the company’s property/casualty insurance programs managed and sold through retail and general agents. Acceptance also announced the sale of its farm and ranch, and flood insurance programs to American Re-liable Insurance Company of Scottsdale, Ariz.
Topics Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
Supreme Court Makes It Easier to Sue for Job Discrimination 
North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs 
Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs From This Issue
