Massachusetts’ officials have approved the merger of West Newbury Mutual Fire Insurance Co., a Massachusetts domiciled company, into Dorchester Mutual Insurance Co., also a Massachusetts company.
The purpose of the merger is to streamline operations for their common parent, Norfolk & Dedham Mutual Fire Insurance Co.
Massachusetts Insurance Commissioner Julianne Bowler found that the merger may allow policyholders of Dorchester to benefit from a stronger company with broader product selection. There will be no change in insurance contracts or in policyholders鹿 voting rights as a result.
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