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Martell collapse tests Wisconsin town mutuals' future
The Martell failure sparks legal action against reinsurers and former directors with potential full refunds to former policyholders, though years may pass and legal fees reduce any settlement. Town mutuals in Wisconsin gain policyholders and reinsurance, with O'Donnell citing industry strengthening and possible future mergers. Christie Dairy ends cheese production due to market demand while Christie plant restarts when markets improve.
MENTIONED IN THIS ARTICLE
Wilcox
Martell
J. Cliff O’donnell
Chippewa Falls
Eagle Point Town Mutual
Chippewa County
Wisconsin Town Mutual Reinsurance Co
Madison
Wisconsin
Wisconsin Dairies Cooperative
Christie
Clark County