EMC Proposes 6.5% Increase in Pooling Agreement

EMC Insurance Group Inc. (Nasdaq:EMCI) Monday announced a proposed 6.5 percentage point increase in its property and casualty insurance companies' aggregate participation interest in the EMC Insurance Companies pooling agreement effective January 1, 2005. As a result of this change, the Company's aggregate participation interest in the pooling agreement would increase from the current 23.5 percent to 30.0 percent, and Employers Mutual Casualty Company's participation interest would decline from the current 65.5 percent to 59.0 percent. This increase in the Company's aggregate participation i...