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WAMIC
5315 Wall St. Suite 205
Madison, Wisconsin 53718
Telephone 608.246.2552
Fax
608.246.2612 wamic@chorus.net
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There are 69 Town Mutual Insurance Companies operating in limited
areas throughout Wisconsin and 5 statewide domestic members of WAMIC.
They are providing insurance protection to Wisconsin property owners to
protect them from financial ruin in the event of catastrophe and to do
so at a fair cost. These are community based insurance companies which
are owned by their policyholders. There are no stockholders and any
surplus either remains in the company’s surplus account or may be
refunded to the policyholders - at the discretion of the policyholder
directors.
The purpose of WAMIC is to promote the best interests of the mutual
insurance community and particularly the best interests of
policyholders of mutual insurance companies. To this end, WAMIC
programs and activities are planned and implemented with the objective
that policyholders will benefit from the best products and services. It
is not the intention of WAMIC to provide a forum for standardizing
products or rates, dividing markets, fixing profit levels, or
categorizing customers to whom insurance products may be sold.
There is a strong possibility that the head office of a mutual
insurance company, or one of its branch offices is located near you.
This proximity puts them in a unique position to develop service
strategies which better meet the needs of your locality - this is
reflected in the products they offer as well as in the rapidity with
which they pay claims.
Most of our member companies have been operating for more than 125
years. They were established to serve a region and to serve it at
reasonable prices. Over time, mutual insurance companies have built a
strong financial base which will allow them to serve you for the
foreseeable future.
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