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The Hartford has agreed to acquire Foremost Insurance branded small commercial lines business from Farmers.
The Hartford is acquiring the renewal rights on $200 million in small commercial lines premium sold through about 5,000 independent agents and brokers. The business consists of the three primary lines of business underwritten by Foremost Insurance Group: business owner's policy for property, general liability and umbrella; commercial auto; and workers' compensation.
The transaction marks the exit of Foremost...