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Home > Latest News
Wayne Mutual Celebrates 100th Anniversary Wayne Mutual Insurance Company is celebrating a century of providing solid insurance protection for farms and families in Ohio. In May, the company hosted an open house for friends, colleagues, retirees and agents to commemorate this achievement. Founded in 1910 as the Wayne Insurance Association, the company was established by a group of Wayne County farmers to insure homes and barns against loss by fire, lighting and storm. The organization required subscribers to have their buildings “well rodded with approved rods.” Today, Wayne Mutual specializes in providing property and casualty insurance protection for automobiles, homes, mobile homes, farms and rental dwellings. The Wooster-based company recently expanded its product offering for businesses as well, introducing a Commercial Auto program and an Artisan Contractor program, which provides property and liability coverage for small to medium sized trade contractors. Initially, the Wayne Insurance Association assessed policyholders at the end of the policy period for the association’s actual losses. In 1963, the company reorganized as an advanced premium mutual. The newly-formed Wayne Mutual Insurance Company no longer retained the option to assess policyholders. Wayne Mutual has always marketed its insurance products through independent insurance agents. The company is currently represented by more than 120 agents throughout Ohio. “We are proud of our heritage for providing financial security and peace of mind for our policyholders,” said Tod J. Carmony, president of Wayne Mutual Insurance. “Our company takes great satisfaction in helping families and businesses recover when disaster strikes.” As Wayne Mutual celebrates its 100th anniversary in 2010, the company will also focus on its recent affiliation with the Washington Mutual Insurance Association. This affiliation will allow the two companies to combine their strengths and improve their products and services for policyholders, agents and other stakeholders. Wayne Mutual, like all mutual insurance companies, is owned by its policyholders. Policyholders are entitled to vote for members of the company's board of directors. Unlike stock companies, mutual companies exist solely to serve the insurance needs of their policyholders, and not to provide investment profits to shareholders.
“Wayne Mutual’s first 100 years have been a tremendous success,” said
Carmony. “We look forward to continuing to serve the families and
communities of Ohio as we enter a new century of service.” Washington Mutual Insurance Association affiliates with Wayne Mutual Insurance WOOSTER, Ohio (September 14, 2009) – Washington Mutual Insurance Association in Lakeville, Ohio has signed an affiliation agreement with Wayne Mutual Insurance Company. The agreement, which has been approved by the Ohio Department of Insurance, authorizes the existing Wayne Mutual board of directors and company officers to lead both companies. “Washington Mutual has a proud heritage of meeting the insurance needs of its policyholders,” said Tod J. Carmony, who serves as chairman, chief executive and president of both companies. “We have the highest regard for the talented and dedicated staff at Washington Mutual and are confident that, working together, we can provide our policyholders with a broad range of insurance products and services to meet their individual needs.” Washington Mutual provides insurance protection for homes, farms, personal property, livestock, machinery and other valuable items. The company provides protection against financial loss by fire, windstorms, or lightning and offers extended-coverage policies for additional perils as well. Washington Mutual Township & Fire Insurance Association was founded in 1878 to benefit area farmers. The company hired its first agent in 1890. Agents and directors worked from their homes until 1925, when the first office was constructed near Lakeville. Since its inception, Washington Mutual has continued to grow with very little change in philosophy. Washington Mutual remains a mutual company, owned by its policyholders. "This affiliation is an ideal move for our company, our policyholders, and our agents," said Blaine E. Budd, general manager of Washington Mutual. "Being part of another successful insurance organization will enable us to combine our strengths and provide a broader and deeper range of insurance solutions." With the affiliation now approved, the two companies will begin working closely together, but will continue to operate as separate entities. “Wayne Mutual will celebrate its 100th anniversary in 2010,” said Tod Carmony. “This affiliation will better position our company to provide the strength, security and superior service our policyholders have come to expect.” With warmer weather, everyone’s thoughts turn to outdoor activities and do it yourself projects. Summer fun can also bring increased risk of accidents or injuries. Proper care and maintenance around the home can help to reduce the severity of or avoid many of these problems. Grills are a favorite nesting/hiding place for not only the birds and the bees, but also the bugs. “Spider fires” are caused by spiders nesting in gas grills and blocking fuel lines. Be sure to clean out under the hood before you light the grill. Propane is flammable. Store tanks outside in well ventilated areas. Do not use tanks that are dented or rusted. According to the North American Deck and Railing Association (NADRA), in this decade there have been at least 30 deaths and hundreds of injuries caused by deck collapses. There are millions of older decks in the United States. Proper maintenance and regular inspection can help prevent a party from becoming a tragedy. Overloaded decks are not the only cause of accidents. Decks should be kept clean of debris and plant material that could create trip and fall or slipping hazards. Furniture should be placed away from the edge of the deck. Portable fireplaces, chimineas and grills are becoming more popular. It is important that the deck surface be protected, and children kept away from, all such heat sources. According to the Consumer Product Safety Commission, each year around 300 children under the age of 5 drown. Thousands more are injured, many suffering permanent brain damage. Pools are an attractive nuisance to neighborhood children. Fences should be inspected to ensure that they are intact and gates should be closed at all times. It takes just an instant for a child to fall into a pool. Children should never be left unattended near a pool. Hidden dangers include drains and suction points that can trap hair, jewelry or clothing. With the proliferation of home improvement programs on television, do it yourself projects have become popular. But just because someone is able to do the work does not mean they should. Electrical and plumbing work in particular should be left to professionals in order to avoid hazardous conditions. It may be cheaper in the short run for someone to install their own hot tub or landscape lighting themselves. However, the cost in the long run could be prohibitive, such as a fire caused by faulty wiring. Insurance is intended for unforeseeable and accidental loss. Even if insured, some losses cannot ever be undone. They say an ounce of prevention is worth a pound of cure. Courtesy of MSO®,
Inc. Wayne Mutual introduces electronic funds transfer (EFT) Wayne Mutual Insurance now offers a simplified way to pay your insurance bill: Electronic Funds Transfer (EFT). With EFT, Wayne Mutual will draw payments directly from your checking, savings or credit union account every month. Your insurance bill is automatically paid on time, conveniently and with no hassle. Save Time! No more writing checks and
dropping them in the mail. |
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