Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to Safeco Insurance. Safeco will assume Donegal’s …
New Mexico’s Mountain States Mutual Casualty Co. is merging into Pennsylvania-based Donegal Mutual Insurance Co., the insurers announced. Donegal Mutual will be the surviving company in the merger, and Mountain States’ insurance subsidiaries, Mountain States Indemnity Co. and Mountain States …
Gregory M. Shepard, an activist investor who’s been a major stockholder of Pennsylvania-based Donegal Group and a frequent critic of the company, has sold off his shares Tuesday, according to securities filings. Shepard’s stake consisted of 3.675 million shares of …
