2013-K435

Congratulating the Associated Mutual Insurance Cooperative upon the occasion of celebrating its 100th Anniversary in 2013

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2013-K435


LEGISLATIVE RESOLUTION congratulating the Associated Mutual Insurance
Cooperative upon the occasion of celebrating its 100th Anniversary in
2013

WHEREAS, Organizations which serve the economic well-being and interests
of the people of this great Empire State merit the commendation of this
Legislative Body; and
WHEREAS, It is the sense of this Legislative Body to recognize that
the quality and character of life in the communities across New York
State are enhanced by the concerned and dedicated efforts of business
organizations and individuals that generously contribute to the welfare
of the community and its citizenry; and
WHEREAS, Attendant to such concern, and in full accord with its long-
standing traditions, this Legislative Body is justly proud to congratu-
late the Associated Mutual Insurance Cooperative upon the occasion of
celebrating its 100th Anniversary in 2013; and
WHEREAS, Originally known as The Cooperative Fire Insurance Companies
of Sullivan and Adjoining Counties, the Associated Mutual Insurance
Cooperative originally commenced business on April 10, 1913, in
Woodridge, New York; and
WHEREAS, The organizers of the Associated Mutual Insurance Cooperative
consisted of Jewish farmers, who were faced with difficulties in obtain-
ing insurance for their properties; they grouped together to solve their
problems and by doing so they began a specialty insurance cooperative;
and
WHEREAS, The Associated Mutual Insurance Cooperative prospered, and
from 1920 to 1926 expanded by forming four additional companies to
handle the amount of insurance in force; and
WHEREAS, In the 1930s, in order to assume more risk and to provide for
the growing needs of the membership, the company assisted in the organ-
ization of a statewide reinsurance company, the Surety Cooperative Fire
Insurance Company, to assume risks from cooperative assessment compa-
nies; and
WHEREAS, The Company expanded and broadened its writings and range of
products and converted to a mutual company in 1971; it became known as
the Associated Mutual Insurance Company; and
WHEREAS, In 1994, the Associated Mutual Insurance Cooperative was
instrumental in successfully advancing legislation to allow for the
reconversion of a mutual insurance company to an advance premium corpo-
ration or assessment corporation; and
WHEREAS, Over the years, the Associated Mutual Insurance Cooperative
has expanded its product line to include business owners, commercial
fire, homeowners, mobile homeowners, dwelling and landlords package
policies; it also offers products such as general liability and a
special multi-peril program; and
WHEREAS, Tavern and food trades insurance programs were developed by
Associated Mutual Insurance Cooperative, and today the food trades
continue to be its specialty; and
WHEREAS, This auspicious occasion presents a unique opportunity for
this Legislative Body to recognize and pay tribute to the Associated
Mutual Insurance Cooperative; and
WHEREAS, It is the sense of this Legislative Body that when business
organizations of such noble aims and accomplishments are brought to our
attention, they should be recognized by all the citizens of this great
Empire State; now, therefore, be it

RESOLVED, That this Legislative Body pause in its deliberations to
congratulate the Associated Mutual Insurance Cooperative upon the occa-
sion of celebrating its 100th Anniversary in 2013; and be it further
RESOLVED, That a copy of this Resolution, suitably engrossed, be tran-
smitted to the Associated Mutual Insurance Cooperative.

actions

  • 13 / May / 2013
    • ADOPTED

Resolution Details

Law Section:
Resolutions, Legislative

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