NU Online News Service, April 3, 12:19 p.m. EDT
Dearborn, Mich.-based insurer Auto Club Insurance Association (ACIA) said it has acquired MEEMIC Insurance Company and its insurance agency affiliate MEEMIC Insurance Services Corp. Terms of the deal were not released, a company spokeswoman said.
ACIA said the acquisition is expected to provide both companies with further access to complementary, highly attractive market segments, a platform for growth in other states, and economic synergies.
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