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.
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.
NAMIC membership includes four of the seven largest property/casualty carriers, every size regional and national property/casualty insurer, and hundreds of farm mutual insurance companies.
Two basic strategies can help mutual insurance companies ward off forced demutualizations.
has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of Liberty Mutual Insurance Companies (Liberty Mutual) (Boston, MA).
The National Association of Mutual Insurance Companies complained to regulators in a National Association of Insurance Commissioners committee late last year that several top-tier accounting firms were requesting or demanding that their mutual audit clients agree to indemnify those firms against any misrepresentations of management.
has affirmed the financial strength rating of A+ (Superior) for Liberty Mutual Insurance Companies, Boston.
Assurance Partners Bank, a unique federally chartered savings bank organized by the National Association of Mutual Insurance Companies (NAMIC) and privately funded by more than 260 mutual insurance companies, Wednesday announced it has partnered with OnePipeline Inc.
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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