AmCOMP OK'd to Repurchase Common Shares

The AmCOMP Inc. board of directors approved a share repurchase program of up to a total of 1.5 million shares of common stock, the North Palm Beach, Fla., corporation announced. AmCOMP will finance the repurchase program with available cash. Purchases of outstanding stock will be made from time to time in either the open market or through private transactions, depending on market conditions and other corporate considerations. The company has approximately 15.7 million shares of common stock outstanding. The company stock on Aug. 24 closed at $9.68 per share. AmCOMP Inc. is an insura...