NU Online News Service, April 4, 10:34 a.m. EDT

The Main Street America Group, and Austin Mutual Insurance Co., a Minnesota-domiciled regional property and casualty carrier, have reached an agreement to establish Austin Mutual as an affiliate of Main Street America.

Main Street America, a major regional property and casualty mutual insurance holding company based in Jacksonville, Fla., says the affiliation agreement, approved by the boards of both companies, is subject to regulatory approval from the State of Minnesota Insurance Commissioner's Office as well as policyholders of Austin Mutual.

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