Anthony R. O’Donnell // August 9, 2024 
(Tim Fleming, CEO, The Mutual Group.)
Mutual insurers continue to be a very important part of the property/casualty insurance industry, but companies organized on the mutual model face particular challenges relative to stock companies. What affects the P&C industry in general often creates greater challenges for mutuals, for example geographically concentrated perils exacerbated by changing climate, accelerated technology change, competition for talent, and access to capital. As reported by the National Association of Mutual Insurance Companies (NAMIC), the largest P&C industry association in the U.S.—whose members represent the majority of