Federated includes century-old mission of serving people

JULIE RETHEMEIER

Guest columnist Julie Rethemeier is the vice president — director of public affairs and advertising at Federated Insurance.

For more than 100 years, Federated way, connected to more than 500 state, Insurance has made its business regional, and national associations and about people. buying group recommendations.

In 1904, Federated Insurance was • Direct distribution model: That founded in Minnesota by an association of means marketing representatives are business owners seeking more affordable located across the country, serving as the property insurance, tailored to meet the direct point of contact to their clients. needs of their industry. In the following Federated also has a company culture years, we continued to grow and diversify rooted in honoring commitments.our portfolio of business, becoming Despite the challenges of 2020, we among the nation’s first multi-line continued to seamlessly support our insurance companies with our expansion more than 40,000 clients and association into liability coverage. And by the end of the 20th century, Federated was among the largest mutual insurance — a structure that allows companies to base decisions on what’s best for clients, not partners by providing them with missiondriven, pandemic-related resources. Additionally, Federated generously aided community organizations like stockholder returns and investments — the Owatonna Foundation, Community companies in the nation. Pathways of Steele County, Junior

Federated specializes in business Achievement, Jumpstart Owatonna, insurance and risk management and the United Way through corporate services for select industries. And while contributions, volunteer time and more. our national headquarters remains in But perhaps our most well-known Owatonna, not all of the more than 2,700 philanthropic effort is the annual Federated employees call Owatonna home. Federated offers property, liability, surety, auto, workers compensation, umbrella and life and disability income insurance. Additionally, we have service offices In early October 2020, Federated hosted its fourth annual Pizza in the Park event across the in Owatonna. All proceeds went to the United Way of Steele County. (Photo cour tesy of Federated Insurance) country. Federated Challenge. In our first-ever virtual event — in July 2020 — Federated Insurance raised a record-breaking $3.08 million. Every dollar was donated to Minnesota’s three Big Brothers Big Sisters agencies and Big Brothers Big Sisters of America.

But perhaps what sets us apart from other insurance companies is our:

• 110-year partnership with associations and buying groups: The majority of our premiums are, in some