Fremont Michigan InsuraCorp, Inc. said it has closed on a $7 million unsecured line of credit with The Huntington National Bank.
The company does not need to access the credit for any reason immediately, according to Richard E. Dunning, president and CEO. However, the insurer is expanding into Wisconsin and Indiana and the ability to access this new credit line will support these efforts, he said.
Fremont Michigan InsuraCorp, Inc. is the holding company for Fremont Insurance Co., a Michigan property/casualty insurance carrier.
Topics Michigan
Was this article valuable?
Here are more articles you may enjoy.
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
