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Stratford Insurance buys ADM Insurance's managing general agent

Stratford Insurance Co. has bought the managing general agent of ADM Insurance Co.

Stratford will pay or reimburse ADM semiannually for all out-of-pocket expenses linked to conducting and supervising the crop seasons from Jan. 1. ADM will no longer write the multi-peril crop insurance policies beginning with the spring 2017 policies. The company will continue to write crop hail and named peril policies, which will now be surrendered to Stratford.