Letter from the President

Frederick Mutual Insurance Company was created by an act of the Maryland Legislature in December of 1843. It was founded as a mutual insurance company to provide protection from loss by fire to citizens of Maryland. The company began issuing insurance policies in early 1844, and has been in continuous operation since that time.

Since those early days Frederick Mutual has evolved into a financially sound property and liability carrier represented by agents throughout the State of Maryland. The Company offers insurance of various types through a network of professional independent insurance agents.

Products offered by the Company include Homeowners, Dwelling Fire, Personal Umbrella, Businessowners, Artisan Contractors, and Commercial Umbrella.

Frederick Mutual is a strong and reliable insurance company with over 25 million dollars in assets. The Company is rated A-(Excellent) by A.M. Best, the most widely recognized insurance company rating organization. This rating is based in part on the company’s surplus position in that the company has approximately $5 in policyholders surplus for each $1 in written premium. This extra level of security is far above industry averages, and adds additional security to policyholders that Frederick Mutual will be there when they need us.

In December, 1843, the General Assembly of Maryland granted a charter to THE MUTUAL INSURANCE COMPANY OF FREDERICK COUNTY.  The company was established to safeguard the interests of Frederick County citizens from loss by fire.  On May 1, 1844, the company’s first insurance policy was issued, and on August 5, 1845, the company received its first claim for fire damage.

The name of Barbara Fritchie, one of Frederick’s most publicized citizens, appears in the company’s records as the holder of policy number 1282, which insured her home.

The company currently has policyholders in both Maryland and Pennsylvania, providing property and casualty coverage for homeowners, renters and small businesses.  Our premium-to-surplus ratio is far superior to the industry standard.  This ratio indicates to regulators and policyholders the ability of the company to provide protection against unusually high losses or declines in equity investments, such as common stocks.

The company’s insurance policies are marketed by independent insurance agents.  All policies are non-assessable.  Excess of loss and catastrophe reinsurance is carried for the protection of the company’s policyholders.

In August, 1993, the company name was changed to FREDERICK MUTUAL INSURANCE COMPANY.

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