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Merchants Insurance Group was founded on March 5, 1918, the day Merchants Mutual Liability Company opened for business with Urban F. Jehle as President. Mr. Jehle, owner and operator of a grocery store in Buffalo, returned from a grocers’ convention with the idea of bringing merchants together for the mutual protection of their delivery vehicles.
April 1, 1947 – Preferred Risk Mutual Insurance Company was licensed to operate in Iowa. 1948 – A "merit reduction" plan was introduced, which was the first of its kind in the country. Policyholders received a 15 percent reduction in premium at their first annual renewal if they didn't file claims, with further reductions of 5 percent each ...
J. Patrick Rooney, chairman, president, and chief executive officer of Golden Rule Insurance Company until his retirement in 1996 [26] John Rowe, chief executive officer of Aetna from 2000 to 2006 [27] V. J. Skutt, president and chief executive officer of Mutual of Omaha until 1984, [28] later named chairman emeritus [29]
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.
Country Financial (capitalized trademark COUNTRY Financial) is a group of US insurance and financial services companies with customers in 19 states. The group of companies offers a range of insurance and financial products and services, including auto, home, life, farm, commercial insurance, retirement planning, investment management and trust services.
The group conducts business in Massachusetts, New Hampshire, and New Jersey, and writes over $400 million in Direct insurance premium. [1] Founded as The Norfolk Mutual Fire Insurance Company in 1825, The N&D Group is one of the oldest mutual insurance companies in the United States. [2]
Columbia Mutual Insurance Company is the parent company of a group of five property and casualty insurance companies operating as the Columbia Insurance Group. The group of companies primarily focus on insuring businesses but, also, insure farms, homes and cars. The company is licensed in 30 states, with policyholders in 19 states.
Farmers Insurance Group (informally Farmers) is an American insurer group of vehicles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees.