HIGHLAND MUTUAL

In the late 1800's, Missouri farm mutual insurance associations were formed to help farmers build back after fire losses. On May 29, 1895 a group of German speaking farmers located North of California, Missouri, near the old Highland School, formed the Highland Farmers Fire and Lightning Association - the first bylaws were written in German. To join, a member paid a $1 membership fee and identified risks -- $300 house, $80 barn, etc. When a loss occurred the member was assessed a percentage of the risk... Today, most companies have a premium charge. Highland Mutual has still maintained the assessment basis, but has established rates similar to premium charges.

Primary location: California United States