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Factory Mutual, as with all mutuals is owned by its policyholders.
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∙ 15y ago
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What state was Nationwide Mutual Fire Insurance Company incorporated?
The parent company is Nationwide Mutual Insurance, an Ohio domiciled mutual insurance co.
Is Auto Owners Insurance Company a parent company of Utica Mutual Insurance Group?
No. Auto-Owners is the parent company of Owners Insurance, Southern-Owners Insurance, Property Owners Insurance, Home-Owners Insurance, Auto-Owners Life Insurance. They have no affliation with Utica
Who is the parent company of McGraw Power Sport Insurance?
The parent company of the McGraw Power Sport Insurance company is the Pacific Specialty Insurance Company. The McGraw Power Sport Insurance company has many affiliates including Western Service Contract Corp. and McGraw Insurance.
Can Titan insure stuff other then automobiles?
Titan, which was bought by Nationwide Insurance in 2003, offers auto insurance in several Southern, Midwestern and Western States. They do not offer other types of insurance such as life, home or business. However, these may be available through their parent Nationwide Mutual Insurance Company.
Where is the Rolls-Royce factory located?
It is located in Germany. BMW is its parent company.
What insurance company took over the home life insurance company of America?
The parent company was 'The Phoenix Companies.' Home Life Insurance Company began in 1860, and the two companies merged in 1992.
Will Liberty Mutual raise your insurance if your son gets a learners permit?
According to Liberty Mutual, in most states, when a teen has their permit and is learning to drive under supervision in the vehicle, they are automatically covered under their parent's insurance. To clarify, it depends on your state and you will have to contact Liberty Mutual to find out.
If the title is under the child's name can the parent still put it under their insurance?
In California You can! Again depending on what Insurance company you go with.
What are the major differences between a mutual company vs a mutual holdings company?
A mutual life insurance company is an entity controlled by the owners of the participating (dividend paying) policies in force in that company. These are usually whole life policies. The dividends come from the companies divisible surplus. It is apportioned through complex formulae that take into account the profitability of the various series of policies in force. Factors such as better than expected mortality results, higher earnings than anticipated and savings in expenses are passed along in the form of policy dividends. Since mutual companies have no stockholders, there is no one other than the policy owners to assume the risks involved in running the company. Traditionally, mutual companies' policies have higher premiums than non-dividend paying policies from stock holder owned companies. The dividends are therefore, a return of an excess premium charge and are not dividends in the traditional sense. Most mutual life insurance companies (Prudential, MetLife, Equitable, John Hancock) converted to stock companies in the 1990s in order to better access capital markets. Others (Pacific Life, Mutual Trust) took the intermediate step of becoming mutual holding companies (MHC). The mutual company created a stock subsidiary to offer policies to the public and to conduct other related business. The stock subsidiary is wholly owned by the parent mutual company even though the mutual company no longer actively operates as a life insurance company. The policyholders of the mutual company are issued stock in the new company, or are given a cash payment that represents their share of the divisible surplus of the company. The insurance policies remain inforce for the same amount of coverage and the same premium payment. Dividends are still paid on the participating policies. Some times, the new MHC acts like a traditional mutual company emphasizing dividend paying whole life policies. In other examples, the new MHC acts more like a stock company in its product offerings, but still tend to pass along improvements to policy owners.
Can you keep the health insurance you get from your parents if you get married?
It depends on the insurance company, but I personally have never known of a company that would allow a parent to continue to carry insurance on a child after that child married, because at that point, you are no longer a 'dependant' of your parents.
Who owns General American Life Insurance Company?
The General American Life Insurance Company is owned by it's parent company Metlife. The current CEO of Metlife is a man called Steven A. Kandarian since the year 2011.
Can the beneficiary see a copy of the life insurance policy of a deceased parent?
Contact the insurance company for information on how to make your claim and ask if they can supply a copy of the policy.
