NU Online News Service, Dec. 30, 2003, 11:48 a.m. EST – Country Insurance & Financial Services, Bloomington, Ill., has agreed to acquire the operations of Cotton States Insurance Group, Atlanta.[@@]
Cotton States is a small holding company that controls a publicly traded life insurer, Cotton States Life Insurance Company, and a policyholder-owned property-casualty insurer, Cotton States Mutual Insurance Company.
Country Insurance plans to acquire Cotton States Life through a merger and to acquire Cotton States Mutual by turning the unit into an affiliate of its own p-c insurance pool, Cotton States says.