CompSource Pitches Conversion to Stock Carrier

After about a decade of operating as a private mutual carrier, Oklahoma's CompSource Mutual Insurance Co. is proposing to convert to a stock carrier. The board of directors for CompSource in April approved a reorganization plan that includes forming a mutual insurance holding company and an intermediate stock holding company that would be a wholly owned subsidiary of the mutual holding company. CompSource Mutual would then convert from a mutual insurance company into a stock insurance company that would be a wholly owned subsidiary of the intermediate holding company. The insurance commi...