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West Bend Mutual Insurance Company was founded in the city in 1894 [52] and West Bend Savings Bank (now Westbury Bank) in 1926. [53] The West Bend Aluminum Company (later the West Bend Company ) was founded in 1911 by Bernhard C. Ziegler, [ 54 ] and remained in West Bend until 2003.
Western Mutual was incorporated under the laws of California on March 7, 1942, as a county mutual fire insurer with the title Coast Mutual Fire Insurance Company of Los Angeles County. It commenced business on April 30, 1942. Residence Mutual Insurance Company was founded in 1949.
A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative . Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums.
West Bend School District, Wisconsin; West Bend (town), Wisconsin; Companies. West Bend Company This page was last edited on 3 December 2018, at 07:40 (UTC). ...
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For example, Northwestern Mutual expects to pay more than $5 billion in dividends to participating policyowners in 2008. Northwestern Mutual has paid its policyowners more than $65 billion in dividends, since the company was founded 151 years ago. [10] Mass Mutual Financial Group's Web site defines life insurance policy dividends. [11]