| Christian Mutual Insurance |
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Mutual insurance companies have developed similar to Christian associations, but with a pure insurance focus. Christian mutual insurers are a subset of this, focusing on aspects of the Christian community. Christian mutual insurers are a subset of the wider group of mutual insurers, and generally started from a need to find cost effective means to insure church or related properties and risks. Some still focus on churches and related properties and risk whereas others have branched out. Examples include: Catholic Mutual Group The Catholic Mutual Relief Society of America (Catholic Mutual Group) was founded by a group of Midwest Catholic Bishops on February 1, 1889. Unable to obtain reasonably priced, reliable insurance on their churches, they worked together to form a mutually protective organization which would help repair or rebuild damaged church properties. Participation in Catholic Mutual Group is limited to Catholic Church-owned properties. While Catholic Mutual Group provides coverage that resembles that of a typical property/liability policy, it goes far beyond insurance. It has a history of providing "relief" to members that experience losses not covered by traditional insurance or in cases where losses exceed the amount available under the coverage certificate. Catholic Mutual is recognized as a leader in property, liability, and employee benefit coverages and related services for the Catholic Church in North America, currently serving over 125 arch/dioceses and 200 Catholic religious orders and institutions in the United States and Canada. Southern Mutual Church Insurance Company SMCI insures more than 7,700 churches in South Carolina, North Carolina, Georgia and Tennessee. Brotherhood Mutual (Menonite) Brotherhood Mutual insures America's churches and related ministries. It provides quality property and liability insurance coverage, custom designed to help churches and related ministries do their work safely and effectively. The company was formed more than 90 years ago as a mutual aid association, designed by the Mennonite church to protect fellow churches from property damages caused by fires and storms. Although the company has grown substantially since its early years, we still hold true to that same commitment today. Church Mutual Church Mutual was founded on March 4, 1897, by two Lutheran pastors and eight laymen from two Merrill congregations. The company's first policy was written on June 3 of that year. For 115 years, Church Mutual has specialized in insurance for religious organizations. Our market also includes religious-related schools, camps, denominational offices, and senior living facilities. We insure religious institutions of all denominations. Church Mutual markets most lines of commercial property and liability insurance, including multiple-peril, workers' compensation, and commercial auto insurance. We do not offer life or health insurance. Goodville Mutual Goodville Mutual was founded in 1926 by Mennonite people who were aware of the growing need for automobile insurance, especially so they could meet their obligations to third parties (liability insurance). They created a company on the principle of bearing one another's burdens, a core belief of the Anabaptist-Mennonite community that members must practice mutual sharing and accountability. However, from the beginning the company agreed that it would serve like-minded people from outside their religious community. Goodville Mutual is a regulated mutual insurance company that provides comprehensive property and casualty insurance products for homes, farms, small businesses, automobiles and churches. While Goodville operates in compliance with government insurance regulation and manages its operations according to secular financial principles the company is committed to conduct its business by biblical principles of love, justice and integrity. Based on these "faith" values and its mutual structure the company focuses on long-term financial viability, being responsive to the members, investing profits into the company rather than enriching external shareholders or company executives and in contributing a share of profits to local community causes. Ecclesiastical We were established in 1887 to protect the Anglican Church and we're still committed to doing this today. Over the years we've grown to provide tailored insurance solutions for organisations and people who care - such as charities and heritage property owners. Today we use all this skill, knowledge and experience to provide a broad range of insurance, financial services and risk management solutions to meet the specific needs of our customers and business partners. Catholic Super Catholic Super is an Australian superannuation fund currently managing $4,230,703,573. (Fund Value as at 31 January 2012) on behalf of approximately 70,000 members and 5,000 employers. Established in 1971, we offer superannuation for the employed and the self-employed, including complete financial planning services, insurance and pensions. Christian Super Operating since 1984, Christian Super is a not-for-profit industry fund that provides members with all profits made. As mentioned on their website, at Christian Super they: • Apply Christian stewardship principles to retirement savings; Christian Super avoids investments in corporations that engage in: • Producing goods or services that have addictive or harmful effects on people (such as illicit drugs, gambling, tobacco, pornography) As a Christian financial services organisation, Christian Super's core values are intended to be compliant with a Biblical understanding of finance. As mentioned on their website, this means that they: • Display integrity through ethical dealings with clients, providers and themselves
Mennonite Mutual Insurance Company Mennonite Mutual Insurance Company is an insurance carrier that offers our property & casualty products through professional, independent agencies to policyholders throughout Ohio and Indiana. Mennonite Mutual Insurance Company specializes in niche insurance products for Agribusiness (farm) and Faith-Based (church) organizations. MAX Canada Insurance Company MAX Canada Insurance Company (MAX Canada) is a mutual aid organization that combines state-of-the-art insurance with a strong commitment to Anabaptist values. As a member of MAX Canada, you join a community of thousands of others sharing similar values all across North America who support each other in times of loss. While MAX Canada policies are conventional insurance policies acceptable to government regulators, the concepts of mutual aid which impacts how members relate to each other and the motivation of its members to "bear each others' burdens" during a time of loss will remain unchanged. The mission of MAX Canada remains the same as the historic mission of the Mennonite Aid Union; "to be a helping agency that meets the property insurance needs of members using Biblical Mutual Aid principles as informed by Anabaptist understandings." We believe members of the Anabaptist communities desire to join others of their faith community for financial and insurance services. Catholic National Mutual Ltd (‘CNM') CNM was created in 1979 as a mutual insurance company to participate in the insurance of the property and liability risks of the Catholic Church in Scotland, England and Wales. CNM is based in Guernsey and is fully regulated by the Guernsey Financial Services Commission. As the Catholic Church's own insurance company, CNM offers Catholic organisations wide-ranging cover with generous limits and few policy conditions. CNM's policyholders are also its shareholders, so premium payments made by Catholic organisations to CNM are retained within CNM and any profits are used for the benefit of, or are redistributed to, its members. This ensures that profits remain within the Catholic community rather than being diverted into the pockets of brokers or commercial shareholders. The products and services of CNM are only available via the Catholic Church Insurance Association (CCIA). Furthermore, our scheme policies often include extensions of cover unavailable in the commercial insurance market. Source: Hassan Scott Odierno, Actuarial Partners |