NU Online News Service, Dec.1, 3:40 p.m. EST
The Jacksonville, Fla.-based super-regional property and casualty insurance carrier did not disclose financial terms. It said the closing follows approval by the Indiana Department of Insurance and affirmation by policyholders of Grain Dealers Mutual at a special policyholders' meeting.
Tom Van Berkel, Main Street America's chairman, president and chief executive officer, said in a statement that the affiliation with Indianapolis-based Grain Dealers Mutual "is another key step in fulfilling Main Street America's long-term strategy of sustaining profitable growth while spreading risk and increasing scale through geographic diversification."
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