October 28, 2009 (FinancialWire) — Penn Millers Holding Corp.’s (NASDAQ: PMIC) board of directors has authorized the repurchase of up to 5% of the company’s issued and outstanding shares of common stock.

Wilkes-Barre, Pennsylvania-based Penn Millers Holding provides property and casualty insurance through its wholly-owned subsidiary, Penn Millers Insurance Co.

Penn Millers Insurance provides agribusiness insurance in 33 states and commercial lines insurance in eight states.

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