Mutual Fire Insurance Declares Premium Refund for Qualifying 2017 Member Policyholders
At the beginning of every year, Mutual Fire Insurance reviews all our financial statements and investments to ensure we exceed the set financial conditions of our company charter and maintain a healthy company surplus. This year, when our Board met to review the financials, they declared a refund of premiums for qualifying member policyholders.
Don Hooge, Chairman of the Board said, “We achieved an underwriting income this year through our commitment to solid underwriting, prompt claims handling, and improved operational efficiencies in all departments. We are proud of the remarkable efforts of our staff and broker partners serving the policyholders of Mutual Fire Insurance” he added, “The Board always plans for the long-term goals of the company and keeps the best interests of our policyholders top of mind.”
2017 is the second year in a row that Mutual Fire Insurance has declared a premium refund for policyholders. Moreover, we have declared six premium refunds totaling over $2 million from 2007 to 2017.
President and Chief Executive Officer, Darin Lord Nessel added, “Our strategic plan has provided Mutual Fire Insurance with opportunities to transform our operations and build a better customer experience – a living representation of our Vision to embrace change, and our Mission to create innovative solutions and respond with unparalleled service. We look ahead to 2018 and the initiatives established by Mutual Fire Insurance are unfolding exactly as planned.”
Qualifying policyholders can contact their insurance broker with any questions about the refund of premiums. Mutual Fire Insurance looks forward to another successful year of serving you, our policyholders.
The 2017 Annual Report is also available for more details.
Visit the Mutual Advantage page to read frequently asked questions and learn more about membership.