EMC Three Hurricane Loss Is $6.9 Million
NU Online News Service, Sept. 27, 3:22 p.m. EDT?EMC Insurance Group Inc. said its losses from three of the four hurricanes that have hit Florida this year will total $6.9 million.[@@]
The company also said a notice from A.M. Best Co. of Oldwick, N.J., led the company to reduce its public stock offering in order to sustain an ownership percentage that will allow it to keep its group affiliation rating from the firm.
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