Mutual Insurance Company

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Mutual Insurance Company

An insurance company owned by its own policyholders. That is, policyholders elect the board of directors, and profits, if any, are distributed to policyholders each year in proportion to their individual exposures to the company. Many insurance companies are structured in this way.
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The National Association of Mutual Insurance Companies sees growth in both membership and share of the property/casualty market written by its members.
425 is that it continues to apply to only three Ohio mutual insurance companies, and therefore is punitive and discriminatory," Parker said.
Just because Sarbanes-Oxley doesn't apply directly to mutual insurance companies doesn't mean they aren't very interested in the whole subject of corporate governance, corporate integrity and accountability, Dykstra said.
Mutual insurance companies must wage a pre-emptive and continuous communication campaign that educates their policyholders not only on how the company works but also on why they must participate.
For mutual insurance companies, there may be no share holders, but there are policyholders, regulators, reinsurers, creditors and others who may rely on the mutual companies' financial statements certified by a member of the accounting profession.
has affirmed the financial strength ratings of A (Excellent) of Liberty Mutual Insurance Companies (Liberty Mutual), Liberty Insurance Holdings (Keene, NH) and Liberty Northwest Group (Portland, OR).
The Personal Insurance Federation of California (PIFC) announced today that the National Association of Mutual Insurance Companies (NAMIC) has been unanimously approved by the PIFC Board of Directors to become the newest associate member of the Federation, California's leading personal lines insurance trade association.
has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of Liberty Mutual Insurance Companies (Liberty Mutual) (Boston, MA).
has affirmed the financial strength rating of A+ (Superior) for Liberty Mutual Insurance Companies, Boston.
The group's parent company, Utica Mutual, is among the top 20 mutual insurance companies in the country.
He attended the University of Missouri - Columbia and is a graduate of the National Association of Mutual Insurance Companies &uot;Graduate School of Insurance Company Management.
A joint Internet venture between Atlantic Mutual Insurance Companies and South Pasadena-based Bolton & Company, InsurePoint provides a robust number of services including property, general liability, errors and omissions, workers compensation and a comprehensive umbrella policy.

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