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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Chartered in 1828, Vermont Mutual Insurance Company is one of the ten oldest mutual property/casualty insurers in the United States.
Lemle, represented GNY in the 10-year 7,000 s/f, while Scott MacBeth of Servus Brokerage Company of Hartford, Connecticut, acted on behalf of the landlord Cornerstone Properties, a division of Mass Mutual Insurance Company.
Crop1 Insurance will operate as a wholly-owned subsidiary of Farm Bureau Mutual Insurance Company, one of three property-casualty insurance companies managed by FBL Financial Group, Inc.
At some point, after concluding that its status as a health services plan placed it at a competitive disadvantage compared to commercial insurance companies, the taxpayer converted to a mutual insurance company.
NEW YORK -- SimCorp, a leading provider of investment management software and services for the global financial services industry, today announced that Fennia Mutual Insurance Company and Fennia Life, have gone live with SimCorp's investment management solution, SimCorp Dimension.
Colorado Farm Bureau is currently in the process of merging with three other mutual entities, Farm Bureau Mutual Insurance Company of Arkansas, Inc, Louisiana Farm Bureau Mutual Insurance Company and South Carolina Farm Bureau Mutual Insurance Company.
Indiana Farmers Mutual Insurance Company has completed an internal rollout of ten commercial lines of business using the Diamond System.
Davison Farm Mutual Insurance Company of South Dakota, Mitchell, S.
has withdrawn the financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of Republic Mutual Insurance Company (Republic Mutual) and assigned an NR-5 (Not Formally Followed) to the FSR and an "nr" to the ICR.
While Liberty Mutual was financially strong before converting to a mutual holding company, our former mutual insurance company structure provided limited means to raise capital and acquire or merge with other companies," he said.

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