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Moroun family rescue helps Southwest Michigan insurer secure credit upgrade
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Moroun family rescue helps Southwest Michigan insurer secure credit upgrade
A $7 million investment by the Moroun family pulled a century-old Southwest Michigan insurer back from financial uncertainty, leading to an upgraded credit rating and a fresh outlook for the regional carrier. Wolverine Insurance Co.’s sale to the Moroun family’s Clover Financial Corp. and a subsequent capital investment led ratings agency... Please login to read all 904 words.
·Grand Rapids, United States
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