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Mutual Insurance Company
A mutual insurance company is an insurance company owned entirely by its policyholders. 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. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders. History The concept of mutual insurance originated in England in the late 17th century to cover losses due to fire. The mutual/casualty insurance industry began in the United States in 1752 when Benjamin Franklin established the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire. Mutual property/casualty insurance companies exist now in nearly every country around the globe. The global trade association for the industry, the International Cooperative and Mutual Ins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gore Mutual Insurance Company
Gore Mutual Insurance Company is a Canadian home, auto and business insurance company. Founded in 1839, Gore Mutual is Canada's oldest property and casualty insurer, with over $475 million in premiums and over $1.1 billion in assets. Gore Mutual has two offices in Canada, with a third Toronto, Ontario office under development. The head office is located in Cambridge, Ontario and a western office is located in Vancouver, British Columbia. The firm has a favourable reputation with the Insurance Brokers Association of Ontario (IBAO). History Pre Canadian Confederation After a failed attempt in 1837, Gore Mutual Insurance (known at that time as "''The Gore District Mutual Fire Insurance Company''") was created by an unknown business man from Brantford on June 18, 1839 after rediscovering the subscription book that was originally created in 1837. Gore Mutual began business with only one paid officer William A. Walker, who also held the role of secretary-treasurer. In November 1839 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Insurance Company Turva
Mutual may refer to: *Mutual organization, where as customers derive a right to profits and votes *Mutual information, the intersection of multiple information sets *Mutual insurance, where policyholders have certain "ownership" rights in the organization *Mutual fund, a professionally managed form of collective investments *Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies *Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. *Mutual Broadcasting System, a defunct U.S. radio network * Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints *Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from ''Shawn Mendes'' ;Place names *Mutual, Maryland, a community in the United States *Mutual, Ohio, a village in the United States *Mutual, Oklahoma, a town in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Faroe Insurance Company
The Faroe Insurance Company ( fo, Tryggingarfelagið Føroyar, TF), often referred to as Tryggingin, is an insurance company in the Faroe Islands. The company currently employs about 110 people and is headquartered in Tórshavn. The Faroe Insurance Company also has branch offices in Sandavágur, Saltangará, Klaksvík, and Tvøroyri. The company was founded as ''Tryggingarsambandið Føroyar'' (the Faroese Insurance Union) in 1965Thomasen, Marius. 1965. ''Tryggingarsambandið Føroyar 25 ár''. Tórshavn. and received its current name in 1998. Chairmen of the company have included Kristian Djurhuus, Johan Poulsen, and Hilmar Kass Hilmar is an Germanic and Nordic given name, meaning famous/notorious fighter/noble/protector. Hilmar may refer to: Places *Hilmar, California ** Hilmar Cheese Company, cheese and whey products manufacturer headquartered in Hilmar, California *Hi .... References {{reflist External links The Faroe Insurance Company (English homepage) Financial services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tryg
Tryg A/S is a Scandinavian insurance company present in Denmark, Norway, Sweden and Finland. The company is the largest provider of general insurance services in the Nordic countries and is listed on Nasdaq OMX Copenhagen. History The current company was created in 2002 through the merging of Tryg Forsikring and Nordea's insurance activities. The company was listed on the Copenhagen stock exchange in October 2005. Tryg Forsikring traced its history back to the foundation of Kjøbenhavns Brandforsikring in 1731. Morten Hübbe replaced Stine Bosse as CEO on 1 February 2011. In November 2020, Canadian insurer Intact Financial Corporation and Tryg announced a joint offer to acquire RSA Insurance Group. This would represent an approximately £7.2 billion transaction with Intact paying £3.0 billion and Tryg paying £4.2 billion. Intact would retain RSA's Canada and UK & International operations and obligations, Tryg would retain RSA's Sweden and Norway operations, and Intact and Try ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wawanesa Insurance
Wawanesa Insurance—officially The Wawanesa Mutual Insurance Company, also known as Wawanesa Mutual or simply Wawanesa —is a Canadian mutual insurance firm, as well as among Canada's ten largest property and casualty insurers. The company's head office is located in Wawanesa, Manitoba, with its executive office in Winnipeg and regional offices across Canada; it also operates in the U.S. states of California and Oregon. As of 2020, it has assets of over $11.3 billion and over two million policies in force. Wawanesa Insurance wholly-owns 3 subsidiaries: Wawanesa Life, its life insurance subsidiary; Wawanesa General, its American subsidiary; and Trimont Financial Ltd., which provides direct support to local brokers. Wawanesa Insurance and its subsidiaries compose a corporate group called The Wawanesa Group of Companies. History The Wawanesa Mutual Insurance Company was established on September 25, 1896, as a farmers' mutual insurance carrier in Wawanesa, Manitoba. It was founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Townsend Mutual Insurance Company
Townsend (pronounced tounʹ-zənd) or Townshend may refer to: Places United States *Camp Townsend, National Guard training base in Peekskill, New York *Townsend, Delaware *Townsend, Georgia *Townsend, Massachusetts, a New England town ** Townsend (CDP), Massachusetts, the main village in the town **Townsend Harbor, Massachusetts, another village in the town *Townsend, Montana *Townsend Township, Huron County, Ohio *Townsend Township, Sandusky County, Ohio *Townsend, Tennessee *Townsend, Wisconsin, a town *Townsend (community), Wisconsin, an unincorporated community *Townshend, Vermont, a New England town ** Townshend (CDP), Vermont, the main village in the town *Port Townsend, Washington **Port Townsend Bay **Port Townsend Film Festival Canada * Townsend Township, Ontario * Townsend, Ontario * Townsend Lake, Saskatchewan United Kingdom *Townsend, Buckinghamshire *Townshend, Cornwall *Townsend, Bournemouth, Dorset * Townsend, Poulshot, Wiltshire *Townsend, Kingswinford, an area at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portage La Prairie Mutual Insurance Company
Portage or portaging (Canada: ; ) is the practice of carrying water craft or cargo over land, either around an obstacle in a river, or between two bodies of water. A path where items are regularly carried between bodies of water is also called a ''portage.'' The term comes from French, where means "to carry," as in "portable". In Canada, the term "carrying-place" was sometimes used. Early French explorers in New France and French Louisiana encountered many rapids and cascades. The Native Americans carried their canoes over land to avoid river obstacles. Over time, important portages were sometimes provided with canals with locks, and even portage railways. Primitive portaging generally involves carrying the vessel and its contents across the portage in multiple trips. Small canoes can be portaged by carrying them inverted over one's shoulders and the center strut may be designed in the style of a yoke to facilitate this. Historically, voyageurs often employed tump lines on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McKillop Mutual Insurance Company
McKillop, MacKillop, Mackillop may refer to: ;People *McKillop (surname), the surnames ''McKillop'', ''MacKillop'', and ''Mackillop'' ;Places *Electoral district of MacKillop *Huron East, Ontario (redirect from McKillop Township) *Rural Municipality of McKillop No. 220, Saskatchewan * McKillop, Ontario * McKillop Street, Melbourne ;Schools *Clairvaux Mackillop College *MacKillop Catholic College, Canberra *MacKillop Catholic Regional College, Werribee *MacKillop College (other) *MacKillop College, Bathurst *MacKillop College, Mornington *MacKillop College, Swan Hill *Mary MacKillop Catholic Regional College, South Gippsland *Mary MacKillop College, Kensington *Mary MacKillop College, Wakeley *Mary MacKillop Interpretive Centre *St Mary MacKillop College, Albury *St Mary MacKillop College, Canberra St Mary MacKillop College, formerly known as MacKillop Catholic College, is a Catholic high school in the Australian capital of Canberra, with two campuses in the Tuggera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
