Company Profile

History

Theresa Mutual Insurance Company was organized on January 7, 1879 at the Rock River House in Theresa, WI. It commenced business on January 17, 1879, under the name of Theresa Mutual Fire Insurance Company.The orginal office was in the back of a building located at the corner of Hwy 175 and Hwy 28 which has since been torn down.

In 1964, a new office was built at 109 W. Rock River Street. The name of the company was changed from Theresa Mutual Fire Insurance Company to Theresa Mutual Insurance Company in 1996. A new 1600 sq. ft. office building was constructed in 2009 on property owned by Theresa Mutual next door at 107 W. Rock River Street.

Financial Strength

As of December 31st, 2010, 131 years after the organization of the company, Theresa Mutual has 1,069 policies. The total insurance in force includes $299,163,699 for Fire Coverage, $357,650,000 for Liability, and $2,908,422 for Special Property. The total surplus for the company is $3,761,436.

Theresa Mutual is reinsured through Wisconsin Reinsurance Corporation which was rated B++ by A.M. Best in its most recent rating.

Company Structure

Theresa Mutual Insurance Company is a "mutual" insurance company in which the company is owned by the policyholders. Members of the board of directors are elected to 3 year terms by the policyholders at the company's annual meeting on the first Saturday in March. Since they are local farmers, homeowners, and business owners, they run the company with your best interests in mind.

Board of Directors

Roger Fink, President

Rodney Justman, Vice President	Tracy Kinyon
Robert Belling, Secretary	Dan Kuen
Ralph Pribnow, Treasurer	Steven Ries
Jerome Feucht	Gary Zastrow

Office Personnel