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Federated Mutual Insurance Company
Federated Mutual Insurance Company ("Federated") is a direct writer of property and casualty insurance products headquartered in Owatonna, Minnesota. The Company has approximately 2,600 employees and operates in 48 states, with several service offices located throughout the country. Federated has an A.M. Best rating of "A+ (Superior)." History During the 1890s, the retail implement dealers in Minnesota formed an association, which proved to be very successful. In 1904, these dealers decided to try to reduce their insurance costs by organizing their own insurance company. Initially, the company was known as the Minnesota Implement Mutual Fire Insurance Company, and retained this name for many years. They would later become the Mutual Implement and Hardware Insurance Company, then Federated Mutual Implement and Hardware Insurance Company and, finally, Federated Mutual Insurance Company ("Federated Mutual"). On January 1, 1948, Federated Mutual entered the casualty insurance field, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on '' Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Health Insurance
Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization, such as a government agency, private business, or not-for-profit entity. According to the Health Insurance Association of America, health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment". Background A heal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Insurance Companies Of The United States
Mutual may refer to: *Mutual organization, where as customers derive a right to profits and votes *Mutual information, the intersection of multiple information sets *Mutual insurance, where policyholders have certain "ownership" rights in the organization *Mutual fund, a professionally managed form of collective investments *Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies *Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. *Mutual Broadcasting System, a defunct U.S. radio network * Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints *Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from ''Shawn Mendes'' ;Place names *Mutual, Maryland, a community in the United States *Mutual, Ohio, a village in the United States *Mutual, Oklahoma, a town in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Companies Of The United States
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1904
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Owatonna, Minnesota
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edina, Minnesota
Edina ( ) is a city in Hennepin County, Minnesota, United States and a first-ring suburb of Minneapolis. The population was 53,494 at the 2020 census, making it the 18th most populous city in Minnesota. Edina began as a small farming and milling community along Minnehaha Creek in the 1860s and became one of Minneapolis's first incorporated suburbs in 1888. After years of being a streetcar suburb, Edina saw expanded development as a car-centric suburb in the 1950s and 1960s. Several major corporations, including Dairy Queen, Great Clips, Edina Realty, and Caribou Coffee, have headquarters in Edina, and the city today is known for its shopping, parks, and high quality of life. Edina also plays host to the nation's oldest indoor mall, the Southdale Center. History Settlement Edina began as part of Richfield Township, Minnesota. By the 1870s, 17 families, most of them immigrating as a result of the Great Famine of Ireland, had come to Minnesota and claimed land in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interlachen Country Club
The Interlachen Country Club is a private country club in Edina, Minnesota which has hosted several national golf tournaments, including the 1930 U.S. Open (golf), 1930 U.S. Open (won by Bobby Jones (golfer), Bobby Jones on his way to winning the Grand Slam (golf), Grand Slam), the 2002 Solheim Cup, and the 2008 U.S. Women's Open. History Interlachen's history dates from November 16, 1909, when several members of the Bryn Mawr Golf Club decided to found a new golf club and purchased farmland alongside a suburban Minneapolis, Minnesota, Minneapolis streetcar line. The club was officially incorporated on December 31, and the original golf course was opened on July 29, 1911. It was a nine-hole course, and was designed by Willie Watson, a well-known course architect of the time. George Sargent (golfer), George Sargent, who won the 1909 U.S. Open and was later president of the Professional Golfers' Association of America, PGA of America, was the head professional for a few years. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Brothers Big Sisters Of America
Big Brothers Big Sisters of America is a 501(c)(3) non-profit organization whose mission is to "create and support one-to-one mentoring relationships that ignite the power and promise of youth". Adult volunteers are matched with children from age 5 to young adulthood. Big Brothers Big Sisters is one of the oldest and largest youth mentoring organizations in the United States. Big Brothers Big Sisters mentors children, ages 5 through young adulthood in communities across the country. The ages of children and youth served varies by affiliate. Congressional charter The group holds a congressional charter under Title 36 of the United States Code. Impact Public/Private Ventures, an independent Philadelphia-based national research organization, conducted a study from 1994 to 1995, monitoring 950 boys and girls nationwide to study the effects of Big Brothers Big Sisters. CEO Karen J. Mathis reported that the study found favorable outcomes to the organization. Public/Private Ventures ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saint Paul, Minnesota
Saint Paul (abbreviated St. Paul) is the capital of the U.S. state of Minnesota and the county seat of Ramsey County. Situated on high bluffs overlooking a bend in the Mississippi River, Saint Paul is a regional business hub and the center of Minnesota's government. The Minnesota State Capitol and the state government offices all sit on a hill close to the city's downtown district. One of the oldest cities in Minnesota, Saint Paul has several historic neighborhoods and landmarks, such as the Summit Avenue Neighborhood, the James J. Hill House, and the Cathedral of Saint Paul. Like the adjacent and larger city of Minneapolis, Saint Paul is known for its cold, snowy winters and humid summers. As of the 2021 census estimates, the city's population was 307,193, making it the 67th-largest city in the United States, the 12th-most populous in the Midwest, and the second-most populous in Minnesota. Most of the city lies east of the Mississippi River near its confluence with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estate Planning
Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life, in the event the person becomes incapacitated and after death. The planning includes the bequest of assets to heirs and may include minimizing gift, estate, generation skipping transfer, and taxes. Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can only be determined by the specific goals of the estate owner and may be as simple or complex as the owner's wishes and needs directs. Guardians are often designated for minor children and beneficiaries in incapacity. Devices Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership ( joint tenancy with rig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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