Wisconsin town mutuals show strong financial surpluses
Insurance officials say Wisconsin town mutuals hold robust finances with a $17 million collective surplus beyond premiums, despite a past emphasis on self assessment. About 22 percent of fire policies are written by 128 town mutuals, once peaking at 195, with 30 still using assessment. Some unions recently declared 20 percent dividends on 1977 premiums, signaling potential for further rate cuts or dividend actions.
MENTIONED IN THIS ARTICLE
Wisconsin
Charles H. Kennedy
Madison
Wisconsin Association of Town Mutual Insurance Companies
Albany
Monticello
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