Shelter Insurance Company is a
mutual insurance
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 ...
company which focuses on
auto
Auto may refer to:
* An automaton
* An automobile
* An autonomous car
* An automatic transmission
* An auto rickshaw
* Short for automatic
* Auto (art), a form of Portuguese dramatic play
* ''Auto'' (film), 2007 Tamil comedy film
* Auto (play), ...
,
property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...
, business, and
life
Life is a quality that distinguishes matter that has biological processes, such as Cell signaling, signaling and self-sustaining processes, from that which does not, and is defined by the capacity for Cell growth, growth, reaction to Stimu ...
Insurance. It operates in fifteen U.S. states and the headquarters is in
Columbia, Missouri.
Shelter was founded in 1946 as the insurance subsidiary of the Missouri Farmers Association (the same company as
MFA Incorporated), and was called MFA Mutual Insurance Company.
The Shelter name came from the company's slogan, "M.F.A. is your Shield of Shelter". In 1981, the name was changed to Shelter Insurance Companies.
[ The company's headquarters remained in Columbia. The Shelter Insurance Gardens are located at the company headquarters in Columbia.
]
Closing of Shelter Financial Bank
In September 2012 Shelter announced the nko closure of Shelter Financial Bank. Though profitable, the announcement cited the additional costs associated with the Dodd–Frank Wall Street Reform and Consumer Protection Act
The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Recess ...
as the primary reason for closure.
References
{{Columbia, Missouri
Financial services companies established in 1946
American companies established in 1946
1946 establishments in Missouri
Reinsurance companies
Companies based in Columbia, Missouri
Mutual insurance companies of the United States