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History
of Perry County Mutual Insurance Company
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Perry
County Mutual Insurance Company was originally organized on May 31, 1890 and has
been in continuous operation since that date. A group of community leaders
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property when they found that the large eastern insurance companies would not do
so at a reasonable price.
The
company was founded as The Perry County Farmers Mutual Fire and Lightning
Insurance Company.
It was incorporated in 1909 as the Farmers Mutual Fire Insurance Company
of Perry County, Missouri and it retained that name until 1972 when it was
changed to its present form.
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August 1971: Albert Moore, Lon Hayden, Wm. T.
Wibbenmeyer, Pres. Gilbert Dreyer, and Hubert Schamburg |
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original Board of Directors was made up of the following gentlemen: James F.
Tucker, Nerius Tucker, M.G. Abernathy, Wm. F. Walker, Geo. Hayden, H.M. Layton,
Geo. W. Crow, Jas. H. Difani.
These men saw a problem to be solved and used the means provided them by
the laws of Missouri to solve it.
By their actions a company was born which continues to provide low cost
protection and quality service to their descendants and to their community.
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The
first paragraph of the original ‘Articles of Incorporation’ states:
“Whereas
the farming community of Perry County, Missouri has long
felt
the necessity of a cheaper and safer insurance than they now have,
and
also the necessity of retaining at home the large sums of money
annually
taken from them without adequate compensation whereby
the
community is drained continually of no small proportion of its
much
needed capital for the benefit of the Eastern States and foreign
companies.”
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Perry
County Mutual Insurance Company is still guided by these precepts.
This company is policyholder owned.
There are no stockholders to drain capital from the company’s reserves.
These invested funds generate an income which serves to lower insurance
costs.
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A
company office building was constructed at its present location in 1961.
Prior to this the company was operated from the secretary’s home and
the annual meetings were held in the courthouse.
The office building was expanded in 1980 to its present size and
completely remodeled in 1998. PCMIC
continues to grow in all aspects of the business thanks to strong community
support and an aggressive business plan.
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Perry County Mutual
Insurance Company is authorized to write insurance anywhere in the state of
Missouri. We offer Homeowner
policies in addition to Farm protection. When
you insure with PCMIC, you have a vote in how the company is operated.
The company is audited periodically by the Missouri Department of
Insurance and reviewed by a CPA firm annually.
The directors and
officers are Mike Kiefer, President; Ralph
Schamburg, Sec./Mgr.; Dale
Schamburg, Vice President; Gary
Scholl and Terry Leible.
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