Badger Mutual Insurance Company · Milwaukee, WI United States
Company Description
Phone: 414-383-1234
Fax: 414-383-4339
Toll Free: 800-837-7833
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This link will open in a new window Badgers usually have sharp teeth and surly dispositions, but Badger Mutual Insurance has two nice ladies answering its phones and offers a mild range of personal and commercial property/casualty insurance products. The mutual insurance company's products include automobile, homeowners, renters, umbrella, property, and general liability coverage. A network of independent agents sells Badger Mutual's products in Arizona, Idaho, Illinois, Iowa, Michigan, Minnesota, Nevada, and Wisconsin. Badger Mutual was founded in 1887 by a group of Lutherans interested in acquiring affordable property damage coverage for their churches. To read the full description, subscribe now.
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Key Badger Mutual Insurance Company Financials
| Company Type |
Badger Mutual Insurance Company Executives
25 executives listed for Badger Mutual Insurance Company's Milwaukee, WI location.
| Title | Name & Bio | Contact |
| President and CEO | Roy Bubeck | Network |
| Manager, Accounting | Dale Lecher | Network |
| VP, Commercial Lines | Jim Kaufman | Network |
Competition
Competitive Landscape for Badger Mutual Insurance Company
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Badger Mutual Insurance Company Competitors
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