NLIC.org

Esther Said:

Is Liberty Mutual Insurance Company good to have it for my Auto Ins?

We Answered:

Yes, they are a good and sound company. They have high ratings from A.M. Best (the most prestigious company that rates companies based on stability.

They are a stable and growing company. I believe they are the 5th largest insurer in the US. I do not know much about their rates though. Might want to check their website.

Alan Said:

Are there mutual funds that invest in insurance companies?

We Answered:

One of Fidelity's sector funds, might be what you're looking for Fidelity Insurance - FSPCX

Julio Said:

Could health care costs be kept down if people formed mutual health insurance companies?

We Answered:

Yes, the changes in health insurance companies have played a major role in the run up of health care costs. Hospitals used to have clinics for those who didn't have insurance and people paid on a sliding scale according to income.

As group insurance became available with some employers the clinics were forced out because the insurance would not cover clinic fees. That is a fact. Some people used the clinics even when they had insurance. It was cheaper and the quality was there!

Kevin Said:

Is Mass Mutual insurance affiliated with any other insurance companies?

We Answered:

MassMutual Financial Group, has numerous subsidiary companies, including the following:

C M Life Insurance Company
Massachusetts Mutual Life Insurance Co
Massachusetts Mutual Life Ins Co CAB
MassMutual Financial Group
MassMutual Funding LLC
MassMutual Global Funding II
MassMutual Global Funding, LLC
MML Bay State Life Insurance Company

Wanda Said:

How are Mutual Insurance Companies (Cooperatives) Formed?

We Answered:

A mutual insurance company sometimes obtains initial capital from would-be policyholders but usually obtains it by borrowing money from investors. If the company is successful, borrowed money is ultimately repaid from the insurer's operating profits. Additional operating profits may be retained to finance future growth and provide a cushion against future liabilities. Insurance company management can also decide to share profits with policyholders in the form of policyholder dividends.

Mutual insurance company policyholders generally are not responsible for losses that exceed the insurance company's resources. However, some mutual insurers, known as assessable mutuals, preserve the right to assess policyholders to obtain additional funds if that becomes necessary for the insurer to meet its obligations. Such assessments typically are limited to one additional annual premium payment.

Fun fact the first mutual insurance company in American was the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire, in 1752, by Benjamin Franklin.

Each state has a bureau of insurance who must approv all insurance products before being sold to the residents of their state.

That's about all I know.

Jacob Said:

Is Physician's Mutual a good insurance to buy on your own?

We Answered:

Of course they're affordable, they're a SUPPLEMENTAL health insurance company. They don't write PRIMARY policies, they only write supplemental policies.

That means, if you're counting on their insurance for your ONLY coverage, you're going to be severely disappointed at how little it covers.

They're cheap, because they don't cover much.

April Said:

Has anyone dealt with Laclede Mutual Insurance company for homeowners insurance?

We Answered:

They do fine. I filed a claim and they had an appraiser in my house the next day. Got a check two days later.