By HOWARD WIEDENHOEFT
By the 1950s, Ixonia Mutual Insurance Company and Watertown Mutual Insurance Company had survived World War I, the Great Depression and World War II. Both companies steadfastly persevered under the long-term leadership of their secretaries. John Degner served Ixonia Mutual from 1944-1968. Arthur Linnes served Watertown Mutual from 1943-1971. Both mutuals, however, were slow to change and comfortable with writing just fire and lightning coverages, a practice shared by their mutual counterparts throughout the state. That they eventually added wind and supplemental coverages was only in response to their policyholders’ demands.
Then came the 1960s and future of town mutuals became seriously threatened. [Read more…] about By the Minutes: Surviving the Big Dogs in the 1960s