In 1752, a generation before he would become a Founding Father of the United States, Benjamin Franklin helped establish the first successful mutual insurance company in America. For more than 250 years, mutual insurance companies have been – and still are – about people coming together to protect themselves in a common need. Because there are no stockholders in a mutual insurance company, the inte
rests of the policyholders are served first. The median age of a mutual insurance company in the United States is 120 years. Following the Civil War, there was a boom of farm mutual companies, and many states began forming associations to bring together their respective states’ companies on common ground. Founded June 11, 1887, Jo Daviess Mutual is upholding that tradition. 33 local property owners met and organized our Farm Mutual. These founders joined together, helping and supporting each other in time of fire and lightning losses.
