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Insurance Business: Fremont Michigan Inks Loan Agreement

December 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Fremont Michigan InsuraCorp, Inc. (FMMH – OTCBB), the holding company for Fremont Insurance Co., said it has closed a new $7 million unsecured line of credit with The Huntington National Bank.

Richard E. Dunning, the firm’s CEO, said, "Although we do not see an immediate need to access the credit line, it provides an avenue for pursuing future growth initiatives or acquisitions, should the opportunity arise.”

He said that, over the past year, Fremont Michigan has received approvals to expand into the neighboring states of Wisconsin and Indiana and is looking for ways to improve its products and operations.

Michigan-based Fremont Insurance currently provides property and casualty insurance to individuals, farms and small businesses exclusively in Michigan.

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