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North Star Mutual Insurance company history timeline

1920

1920 – Incorporated February 15th as North Star Farmer’s Mutual to provide crop insurance in Minnesota.

1925

1925 – Discontinued crop hail insurance and began to insure farm buildings and personal property.

1926

When he died five years later, A.E. Anderson took over management and moved the headquarters to Cottonwood, Minnesota in 1926.

1950

1950 – Expanded to insure homes and businesses for all potential hazards.

1954

1954 – Name changed to North Star Mutual Insurance Company to better reflect the expanded scope of coverage provided.

1961

1961 – Began writing in Oklahoma by assuming a book of business written through the One General Agency (OGA).

1962

1962 – Package of Policies (POP) introduced to offer a single insurance package including both North Star Mutual coverages and the Minnesota Township Mutual coverages.

1975

1975 – Began writing in South Dakota.

1981

1981 – Began writing in North Dakota.

1990

1990 – Began writing in Nebraska.

1991

1991 – Private Passenger Auto Insurance line was introduced through a new affiliate company: North Star General Insurance Company.

1995

1995 – To serve the needs of territorial and product expansion, a corporate headquarters building addition brings total office space to over 50,000 square feet.

2002

2002 – Surpassed $100 Million in written premium.

2009

2009 – Began writing in Iowa, and introduced the Farmowner policy product line in Oklahoma.

2010

2010 – Surpassed $200 million in written premium.

2011

2011 – Introduced the Personal and Commercial Automobile policy product lines in Oklahoma.

2013

2013 – Surpassed $300 million in written premium.

2015

2015 – Completed 46,000-square-foot addition to home office, bringing total office space to 100,000 square feet.

2016

2016 – Began writing Auto in Kansas in partnership with Marysville Mutual.

2018

2018 – Surpassed $400 Million in written premium.

2020

2020 – Celebrated 100 years of service

2021

2021 – Surpassed $500 Million in written premium and $1 Billion in assets.

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Founded
1920
Company founded
Headquarters
Cottonwood, MN
Company headquarter
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North Star Mutual Insurance competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Shelter Insurance1945$2.7B3,631133
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UPC Insurance1999$13.4B47226
Preferred Insurance Services, Inc.-$440,00065
State Farm Insurance Agency1922$15.0M5595
Western Growers1926$290,000764

North Star Mutual Insurance history FAQs

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North Star Mutual Insurance may also be known as or be related to North Star Insurance, North Star Mutual Insurance, North Star Mutual Insurance Co and North Star Mutual Insurance Company.