Humboldt Mutual Insurance Assn

Description

Iowa County Mutual Insurance Associations were formed in the last half of the 19th century to provide financial protection (primarily from the risk of fire) to early settlers in the agricultural Midwestern United States. Eastern companies were too far away to provide adequate service and in most cases were charging premiums that were excessive and unaffordable. County Mutual companies were more able to provide local service at affordable premiums by insuring friends and neighbors in local communities.

Presently, Humboldt Mutual Insurance Association employs six staff personnel and is contracted with seven Independent Insurance Agencies to market insurance products and to service Mutual Policyholders. Humboldt Mutual Insurance Association has placed reinsurance and combination policy agreements with Grinnell Mutual Reinsurance Company. ‘A’ rated by AM Best Grinnell Mutual is the largest Farm Reinsurance Carrier in the Midwest.

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