Millers Mutual Fire Insurance Company Announces Demutualization

The Texas Department of Insurance has approved Millers Mutual Fire Insurance Co.'s (Fort Worth, TX) plan of demutualization. The plan will allow Millers to convert from a mutual insurance company to a stock insurance company, subject to the approval of the company's policyholders.

"This is an exciting and timely development as Millers enters its second hundred years. This is just the beginning of favorable developments for our policyholders and agents. We look forward to new successes in 1999," said David Thompson, president and chief executive officer, The Millers Group.

Millers Mutual Fire Insurance Co., an operating entity of The Millers Group, is a leading program underwriting and management insurance company that operates nationwide through independent managing general agents. The company celebrated its 100th anniversary in 1998