By HOWARD WIEDENHOEFT
Forward Mutual recently held its annual policyholders meeting and, as is done every year, CEO and President Lois Wiedenhoeft and our CPA discussed its financial report. While often referred to as dry subject matter, an accounting of the year’s financial activity is an important story of the mutual’s strength and security.
[Read more…] about By the Minutes: Accounting Over the Years
By HOWARD WIEDENHOEFT
In 1967, when Wisconsin legislature passed Assembly Bill 296, it allowed town mutuals to write packaged insurance policies and liability insurance. Yet the new law created many issues that were not addressed in it’s statues, such as surplus, advanced premium, unearned premium, and agent licenses. These issues also were not covered in Chapter 202, the state law governing town mutuals since 1937. The state moved to address these issues and codify the town mutual statue with Chapter 612. To rectify this, in 1973 legislature repealed Chapter 202 and replaced it with Chapter 612. Chapter 612 is still in effect today, with the last revision in 1997. [Read more…] about By the Minutes: Introducing Agents to the Mutuals
Forward Mutual is proud to have recently participated in the Congressional Contact Program (CCP) in Washington D.C. to educate members of the Wisconsin congressional delegation on the issues facing the mutual insurance industry, its agents and policyholders. [Read more…] about Forward Mutual Heads to Capitol Hill
Forward Mutual is proud to have recently participated in a 15-member Wisconsin Association of Mutual Insurance Companies (WAMIC) delegation in Washington, D.C. They met with members of the Wisconsin congressional delegation to educate lawmakers on the issues facing insurers and their policyholders in the state.
Representing Forward Mutual were President and CEO Lois Wiedenhoeft, Claims Manager Howard Wiedenhoeft and Customer Service Manager Sarah Mueller.
The visits were organized by the National Association of Mutual Insurance Companies (NAMIC) as part of their grassroots advocacy program the Congressional Contact Program (CCP). This unique grassroots lobbying effort, now in its 31st year, allows representatives from NAMIC member companies to meet one-on-one with their elected officials and their staff.
Throughout the day Forward’s representatives met with Wisconsin lawmakers to discuss protecting the state-based system of insurance regulation, natural disaster mitigation and addressing the regulatory uncertainty regarding insurance company use and coverage for unmanned aircraft systems.