Nationwide Mutual Insurance Co. and Harleysville Group Inc. announced that they have agreed to a merger.
Under the terms of the agreement, Harleysville Mutual policyholders will become policyholders and members of Nationwide Mutual and Nationwide Mutual will acquire all of the publicly held shares of common stock of Harleysville Group for $60. per share in cash.
Attention Restoration & Mitigation Contractors:
This is just one more graphic example of how the insurance claims industry will affect your disaster restoration business. If you did business with agents and adjusters of Harleysville Insurance previously, now you will deal with the restoration procedures and claims as required by Nationwide Insurance. Relationships you had with Harleysville agents and adjusters will no longer be the same.
Just like Liberty Mutual bought SAFECO, Ohio Casualty, Indiana, and Peerless. Relationships you had with those carriers changed forever!