FCBI, a self-insurance fund primarily focused on providing workers’ compensation insurance, originally to Florida citrus growers, has expanded its geographical and operational reach by acquiring MidSouth Mutual Insurance Co. in Tennessee. This acquisition signals FCBI’s strategic move into a broader market across the Southeastern and Midwestern United States. MidSouth Mutual, now renamed MidSouth Insurance, specializes in workers’ compensation coverage for the construction sector and is operational in 16 states. The acquisition aligns with FCBI’s growth strategy to diversify its insurance offerings beyond citrus growers to encompass other high-risk sectors like construction.
Insurance, Construction,United States, Florida, Tennessee, Southeastern United States, Midwestern United States
https://mergersacquisitions.einnews.com/article/738265826/mWdz8j9c7SK1LgBX?ref=rss&ecode=Q1vNcweEggLWKz7L