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Germania Fire Insurance Co. - Stock Certificate

Inv# IS1010   Stock
State(s): New York
Years: 1900-20's
Color: Br-Blk

Insurance Stock. Female figure with crown and sword at throne. Scarce!!!

The Germania Fire Insurance Company was founded in 1859, counting many prominent German-born New Yorkers among its executives and directors. (Landmarks Preservation Commission, Manhattan)

A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders.

The concept of mutual insurance originated in England in the late 17th century to cover losses due to fire. The mutual/casualty insurance industry began in the United States in 1752 when Benjamin Franklin established the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire. Mutual property/casualty insurance companies exist now in nearly every country around the globe.

The global trade association for the industry, the International Cooperative and Mutual Insurance Federation, claims 216 members in 74 countries, in turn representing over 400 insurers. In North America the National Association of Mutual Insurance Companies (NAMIC), founded in 1895, is the sole representative of U.S. and Canadian mutual insurance companies in the areas of advocacy and education.

The "mutual holding company" structure was first introduced in Iowa in 1995, and has spread since then. There have been concerns that the mutual holding company conversion is disadvantageous for the owners of the company, the policyholders. The major disadvantage of mutual insurance companies is the difficulty of raising capital.

In the 111th Congress, Carolyn Maloney sponsored a bill that she claimed would have protected mutual holding company owners. The measure, H.R. 3291, died in committee.

Mutual holding companies are one way to undergo privatization, also called demutualization.

List of mutual insurance companies

Multinational

Bermuda

Canada

  • Algoma Mutual Insurance Company
  • Amherst Island Mutual Insurance Company
  • Antigonish Farmers' Mutual Insurance Company
  • Ayr Farmers Mutual Insurance Company
  • Bay of Quinte Mutual Insurance Company
  • Bertie & Clinton Mutual Insurance Company
  • Brant Mutual Insurance Company
  • Caradoc Delaware Mutual Insurance Company
  • Carleton Mutual Insurance Company
  • Cayuga Mutual Insurance Company
  • Clare Mutual Insurance Company
  • The Commonwell Mutual Insurance Group
  • Dufferin Mutual Insurance Company
  • Dumfries Mutual Insurance Company
  • Edge Mutual Insurance Company
  • The Equitable Life Insurance Company of Canada
  • Erie Mutual Insurance Company
  • Fundy Mutual Insurance Company
  • Germania Mutual Insurance Company
  • Germania Mutual Insurance Company Saskatchewan
  • Gore Mutual Insurance Company
  • Grenville Mutual Insurance Company
  • Halwell Mutual Insurance Company
  • Hay Mutual Insurance Company
  • Heartland Farm Mutual (formerly North Waterloo & Oxford)
  • Howard Mutual Insurance Company
  • Howick Mutual Insurance Company
  • HTM Insurance Company
  • Kent & Essex Mutual Insurance Company
  • The Kings Mutual Insurance Company
  • Lambton Mutual Insurance Company
  • L&A Mutual Insurance Company
  • MAX Canada Insurance Company
  • McKillop Mutual Insurance Company
  • My Mutual Insurance
  • Mennonite Mutual Insurance Company (Alberta) Ltd.
  • Middlesex Mutual Insurance Company
  • The Mutual Fire Insurance Company of British Columbia
  • Norfolk Mutual Insurance Company
  • North Blenheim Mutual Insurance Company
  • North Kent Mutual Insurance Company
  • Peel Mutual Insurance Company
  • PEI Mutual Insurance Company
  • Pictou County Farmers' Mutual Insurance Company
  • Portage la Prairie Mutual Insurance Company
  • Promutuel Mutual Insurance Company
  • Red River Mutual Insurance
  • Saskatchewan Mutual Insurance Company
  • SouthEastern Mutual Insurance Company
  • South Easthope Mutual Insurance Company
  • Stanley Mutual Insurance Company
  • Town & Country Mutual Insurance Company
  • Townsend Mutual Insurance Company
  • Tradition Mutual Insurance Company
  • Trillium Mutual Insurance Company
  • United General Insurance Corporation
  • Usborne & Hibbert Mutual Insurance Company
  • Wabisa Mutual Insurance Company
  • Wawanesa Mutual Insurance Company
  • West Elgin Mutual Insurance Compa
  • Westminster Mutual Insurance Company
  • West Wawanosh Mutual Insurance Company
  • Yarmouth Mutual Insurance Company

Denmark

Faroe Islands

Finland

France

General Mutual insurance companies

Health insurance companies

Germany

Japan

New Zealand

Philippines

Slovenia

South Africa

  • PPS (Professional Provident Society)
  • Iemas
  • AVBOB

Spain

Sweden

United Kingdom

United States

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A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $20.00