Aflac plans to buy Continental American Insurance company - WTVM.com-Columbus, GA News Weather & Sports

Aflac plans to buy Continental American Insurance company

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COLUMBUS, GA (WTVM) - Wednesday Aflac announced its plan to acquire Continental American Insurance Company (CAIC) for $100 million.

The deal expected to close at the end of this year.

CAIC, is privately owned and headquartered in Columbia, South Carolina. 

Aflac says CAIC is rated A- (Excellent) by A.M. Best and in 2008 it had a net income of $7 million.

Click here, to read the full press release.

Source: Aflac.com

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