Indianapolis-based Insurance Company’s a free enterprise insolvent
The president of a company that wants to buy a dominant share of Indiana to greater insurance companies, Meridian Insurance Group, Illinois has also launched an insurer was declared insolvent in June.
Gregory M. Shepard was president of the Illinois Health Care Insurance Co., left the insurance 26000 abandoned in Indiana, Illinois and Ohio.
Shepard’s Track Record is in question because its Bloomington, Ill.-American Union Insurance Co., Wednesday, an unsolicited offer of $ 20 Meridian insurance for a part. This action by nearly $ 5 per share Wednesday at $ 17.50.
The number was 6 cents at the close of trading on Thursday.
Shepard’s interest in Indianapolis-based Meridian surprised and angered some customers and insurance agents stung by the bankruptcy of the Illinois Health Care.
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