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Brotherhood Mutual Insurance Company is an American insurance company primarily serving churches and related institutions (such as Christian schools, camps, colleges). They are the second largest U.S. provider of property and casualty insurance to Christian churches and related ministries.
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
The company was established as America's first auto insurance company for nondrinkers. Dec. 26, 1946 – Preferred Risk Mutual Insurance Company (PRM) was organized in Des Moines, Iowa, with $30,000 capital contributed by Plymat, J.J. Mallon and Reverend Sam Morris. Morris, a popular radio host, was elected the first president of the company.
Church Mutual officially opened its downtown Milwaukee offices, 833 E. Michigan St., on Tuesday and hopes to have up to 60 people working in it.
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The church had been paying $12,500 for insurance and had made a claim for flooding damage due to a faulty sprinkler. Pihl said the church learned this past spring that its insurance had been canceled.
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The Philadelphia Contributionship is still up and running today, offering Homeowners Condo & Renters, Landlord Property, and Umbrella Liability Insurance Policies among other unique coverages. The network of agents has since expanded to serve in Pennsylvania, New Jersey, Delaware, Maryland, and Virginia. [9]