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In the fall of 1934, a number of local mill and elevator operators met in Wapakoneta, Ohio to discuss founding a mutual insurance company. “Mutuals” were originated as a means for people with similar businesses to band together and combat high premiums or inadequate insurance coverages. In our case, these similar businesses consisted of grain elevators and feed or flour mills.
The Northwestern Ohio Mutual Protective Assessment Insurance Association of Wapakoneta, Ohio began providing insurance services in the spring of 1935. Over time, we have changed as a company:
| 1934 |
Company incorporated on December 17th |
| 1935 |
Commenced business in Ohio on May 1st |
| 1939 |
Became Elevators Mutual Insurance Association |
| 1950 |
Relocation of office to Lima, OH |
| 1971 |
Began selling our products through independent agents |
| 1976 |
Became Elevators Mutual Insurance Company |
| 1984 |
Authorized to do business in Indiana on August 6th |
| 1993 |
Expanded coverages to include casualty |
| 1995 |
Expanded coverages to include commercial automobile |
| 1995 |
Authorized to do business in Michigan on August 28th |
| 2005 |
Became Affinity Mutual Insurance Company |
Despite our internal changes, we have continuously maintained a mutual insurance philosophy, limiting the types of business that we will insure and being owned by our policyholders. This specialization has enabled us to become thoroughly aware of the insurance needs of your industry.
Today the majority of our sales are generated through independent agents, which provides you with the convenience of a local, familiar insurance professional and fast, reliable service. We can also provide coverage on a direct basis in areas where we do not have a contracted independent agent.
Committed to sound business practices.
Through the use of sound underwriting practices and comprehensive loss control services, Affinity has maintained an advantage that has permitted us to build an enviable history. We proudly possess one of the best industry records for stable, consistent pricing.
Our financial strength evaluation has been provided by A.M. Best Company, an independent industry rating bureau. We are further backed by a very strong reinsurance program.
Continually striving to be better.
In researching insurance coverage for your business, consider this:
Rate Stability
Affinity Mutual Insurance Company has provided insurance protection under
the mutual concept since its inception. Our goal is to provide you with
consistent, affordable and fair pricing.
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Financial Stability
Formed in 1934, Affinity Mutual Insurance Company has always been a
conservative company. This has allowed us to build a strong balance sheet
that compares very favorably with the leading property and casualty
insurance companies in the United States.
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Reinsurance Program
Affinity Mutual Insurance Company combines careful risk selection with a
well-structured reinsurance program. Prudent levels of reinsurance
are purchased from quality reinsurers to guard against potential financial
impacts from storms or other catastrophes.
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Directors & Staff
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