Atlantic American Corp. announced Thursday that it has entered into an agreement to sell its regional property and casualty unit to Columbia Mutual Insurance Co. of Columbia, Mo.The sale includes Georgia Casualty & Surety Co., Association Risk Management General Agency and Association Casualty Insurance Co., Atlantic American said in a press release. The transaction, which is subject to various conditions and the receipt of regulatory approvals, is expected to close in the first quarter of 2008. The purchase price, to be paid in cash, is equal ...
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