N.C. Grange Mutual Insurance Company

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History of N.C. Grange Mutual Insurance Company

“After many long and difficult meetings, on September 15, 1934, a certificate of incorporation was filed for the Grange Mutual Fire Insurance Association of North Carolina, Inc. This was a time when county mutuals were experiencing real financial difficulties and going under. Two weeks later, on September 27, the 1934 Convention of the North Carolina State Grange adopted a resolution to give full support to the statewide mutual fire insurance association.”

“On February 15, 1935 the first policies were officially issued. A total of 113 policies were issued as of that date.” We still insure several of those properties including the very first policy issued. In that same year, we paid our first claim.

“The charter was amended in 1947 to change the name of the company to "N.C. Grange Mutual Insurance Company," which has been the name ever since.”

“Premiums collected by N.C. Grange Mutual exceeded $1 million in 1978 for the first time. Policies issued and premiums collected continued to increase. In 1982, premiums exceeded $2 million dollars.”

“The N.C. Grange Mutual Insurance Company celebrated its 50th or golden anniversary September 28, 1984 with Governor James B. Hunt, as special guest.”

“This comment was placed in the record in 1984 on the occasion of the companies 50th Anniversary: ‘It is obvious from the long years of support that N.C. Grange Mutual is more than just an insurance company. It is people of a kindred mind and spirit coming together, working together, and insuring their property in a mutual, cooperative manner.’”

In 1991, N.C. Grange Mutual contracted with General Reinsurance to provide our reinsurance protection. One of the largest reinsurers in the world, they have worked with the company through two of the worst catastrophes to hit the state of North Carolina - Hurricane Fran in 1996 and Hurricane Floyd in 1999. Our losses from Hurricane Fran exceeded $18 million!

During the year 2000, N.C. Grange Mutual reached a milestone in the company’s history. In 1978, the company wrote $1 million in premium during the year for the very first time. In 2000, the company wrote $1 million per month. Premiums written in 2007 were more than $17.5 million.

Since 1999, N.C. Grange Mutual has been able to increase policyholder surplus each and every year. Ending 2007 with over $9.6 million in policyholders' surplus and nearly $20 million in assets.

Niles A. Whittaker, Retired Vice President and current Board member says: “We are small compared to many companies, but we are flexible and able to meet the needs of both agents and policyholders in a prompt and courteous manner.”

In 2009, N.C. Grange Mutual is excited about celebrating it's 75th or Diamond Anniversary of providing quality insurance to the people of North Carolina.

Humphries, Bill. The Grange in North Carolina 1954-1989. (Greensboro, NC 1990) pp. 100-105.