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In 1924, the company opened an office in the
People's Federal Building in Wooster. At that time, the company
and management was assumed by J. Stewart McCoy's son, Grover. At
Grover McCoy's death in 1954, his son, James, became the third
generation of the McCoy family to be involved with the company.
James was also a board member when, two years later, he died suddenly at
the age of 42. James' wife Louise then carried on the family tradition
as a member of Wayne Mutual's board of directors. Today, Louise's
daughter-in-law Elizabeth serves on the Wayne Mutual board of directors
and her grandson Matthew is an active Wayne Mutual agent. Thus, the
McCoy family has been closely involved with Wayne Mutual through five
generations, spanning the company's first century of operation. In 1949, when Grover McCoy became ill, management of the company was entrusted to D.M. Langell, an association board member. In 1952, the company moved from its offices in the People's Federal Building to a converted home at 220 N. Market Street in Wooster. This building was relocated two blocks north to a vacant lot behind Hothem Realty in 2000. In 1962, Ralph Gresser, a former dairy farmer from Smithville, Ohio, was appointed Secretary-Treasurer, and in 1963 the company reorganized from an assessment mutual into an advanced premium mutual.
In 1987, the company again reorganized and Ralph Gresser was appointed as the new company president. Mr. Gresser retired as president in 1996 but continues to serve on the company's board of directors. Tod J. Carmony, whose father Lloyd Carmony served as the president of the board of directors from 1963 to 1970, was named president and chief executive officer of the company.
During its ninth decade of operation, Wayne Mutual implemented extensive
changes to further improve the company's service and support for its
agents and policyholders. Product improvements, expanded staff and
agent training, technology tools and a dedicated customer service team
were vital elements in this transformation. The company
Now, as Wayne Mutual celebrates its 100th anniversary, the company is proud of its heritage of providing financial security and peace of mind for its policyholders. As new challenges have emerged, and as policyholder needs have changed, Wayne Mutual has adapted to maintain the highest level of insurance products and services. And, with its prompt, fair claims service and support, the company remains committed to helping Ohioans recover quickly when losses occur. Wayne Mutual looks forward to a new century of service! |
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