Mutual Fire Insurance Company Of The District Of Columbia

Mutual Fire Insurance Company Of The District Of Columbia - The Mutual Fire Insurance Company of the District of Columbia was origianlly organized by the Retail Implement Dealers Association of North Dakota and Northwestern Minnesota. At the time of its original founding, the Mutual Fire Insurance Company of the District of Columbia was authorized to commence writing policies.

The first officers of the Mutual Fire Insurance Company of the District of Columbia were D.W. Luke and G.E. Duis. Early on, the company showed a surplus to policyholders of $9817.

Originally, the company's name was changed from its original name of Mutual Fire Insurance Company of the District of Columbia to "Implement Dealers Mutual Insurance Company".

The company was originally providing insurance for different natural disasters and Within the next ten years it added earthquake coverage and other forms of liability. The Other forms of coverage that were added by the Mutual Fire Insurance Company of the District of Columbia were accident, health and workmen's compensation insurance.

The company later became affiliated with the Statesman Group. Mutual Fire Insurance Company of the District of Columbia ceded all of its premiums to the Statesman Group Pool and assumed premiums on the basis of its surplus. By 1985 this affiliation was terminated and the company purchased reinsurance through a broker, E.W. Blanch Company.

In 1986 the Mutual Fire Insurance Company of the District of Columbia was demutualized and the American West Company commenced business. Later, the company operated in 34 states and the District of Columbia.

When the surplus began to increase, the Mutual Fire Insurance Company of the District of Columbiawas actually operating in 9 states. Before the company demutualized it had a peak year of over $2,000,000 in surplus money.

Records of the Mutual Fire Insurance Company of the District of Columbia Company show that the name was changed to Interstate Commercial Mutual Insurance Company. This company maintained the same address as the original Mutual Fire Insurance Company of the District of Columbia and many of the same officers as the Implement Dealers Mutual Fire Insurance Company. The Late Great Mutual Fire Insurance Company of the District of Columbia lives on even today.

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