Milwaukee Insurance Company

Milwaukee Insurance Company
400 S Executive Drive # 200
Brookfield, WI 53005-4210
(262) 207-8500‎

Milwaukee Insurance Company is a Wisconsin-based casualty and stock property insurance company. It was originally incorporated in Wisconsin in 1916, with the name Milwaukee Automobile Insurance Company Limited Mutual Exchange.

In 1955, the company’s name was changed to Milwaukee Automobile Mutual Insurance Company and in 1964, the name was changed to Milwaukee Mutual Insurance Company. In 2003, the company set up a mutual holding company, Mutual Insurers Holding Company, translated to a stock insurance company subsidiary of the new mutual holding company, and changed to its current name of Milwaukee Insurance Company.

Milwaukee Insurance is owned and controlled by Mutual Insurers Holding Company. The company has one completely owned non-operating subsidiary, Clearwater Lake Asset Manager, Inc. (CLAM). Milwaukee Insurance has two employees and sustains investment administration and corporate management operations at its home office. The company is connected with Trinity Universal. Similarly, it is affiliated with Unitrin, Inc., a financial services company supplying a wide array of consumer finance and insurance products and services for individuals, families, and businesses. Milwaukee Insurance’s affiliation with these institutions is through reinsurance agreements, different intercompany agreements and services agreements, and through membership of one or more of their senior executives on the Milwaukee Insurance’s board of directors.

The company does not conduct insurance operations apart from the operations executed by Trinity Universal. Business operations accomplished for the company by Trinity Universal and affiliates in Unitrin, Inc. include marketing and policy issuance, insurance underwriting, claims administration and adjudication, and accounting and financial reporting.

The company’s board of directors is made up of eight members including its president and chief executive officer Daniel Doucette. Joseph C. Branch serves as the vice president and secretary while Elisha Wright is the vice president and treasurer.

Milwaukee Insurance offers primarily commercial risks and various personal lines mostly written through the Unitrin Business Insurance Group. The company’s distribution channels are mainly through independent agents. In 2006, the company reported net admitted assets of $49,559,853 and policyholders’ surplus of $32,286,746.

The company is licensed to provide insurance products in 12 states, including Arizona, Colorado, Illinois, Indiana, Iowa, Kentucky, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. The main products written by the company include commercial auto, worker’s compensation, other liability and homeowner’s policy. Trinity Universal Insurance Company and other Unitrin companies market the company’s insurance policies. Milwaukee Insurance assures its clients of first-rate insurance risks; it does not write substandard risks.

Milwaukee Insurance is given a financial strength rating of “A” (Excellent) and the issuer credit rating of “A” by A.M. Best under review with negative implications. These rating actions follow the announcement that the Board of Directors of First Nonprofit Mutual Holding Company, the immediate parent of First Nonprofit Insurance Company and Mutual Insurers Holding Company, has agreed to a merger of the two holding companies. Mutual Insurers is the direct parent of Milwaukee Insurance, and Milwaukee Insurance is an affiliate of Unitrin, Inc.