Nationwide to Buy Harleysville Insurance?

(Update: This is a done deal for $760 million.)insurance3

Nationwide Insurance, the eighth-largest passenger car insurance company in the country and the fourth largest in terms of market share in Maryland, is negotiating to buy Harleysville Mutual Insurance. Harleysville is a small time player in the Maryland passenger insurance but we do see a lot of them in truck accident and other commercial accident cases.

Here is the Bloomberg article on the potential merger and our analysis of dealing with Nationwide Insurance on car and truck claims in Maryland.

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