Years of litigation force Third Mutual into high-deductible plan
Years of litigation caught up to Third Mutual as its longtime insurer refused to renew the Directors & Officers insurance, forcing the board to accept coverage with a higher premium and higher deductible. CNA Insurance dropped Third Mutual after paying out $549,224 in claims and legal fees over the past five years – while collecting only $73,984 in premiums. Only two insurance companies
December 24, 2019