Fremont Michigan InsuraCorp (fka FMMH)

[MikeDDKing]

More interesting 10-K notes:

Underwriting income is projected to grow in the future as a result of many initiatives of the Insurance Company, including:
• Focus on underwriting for profit in every line of business;
• Increased utilization of technology internally and with our agency force to improve work flow;
• Higher reliance on analytical factors to evaluate risks;
• Development of web-based automation for agency rating and application input using Fremont Complete;
• Adequate analysis of pricing of risk within the industry;
• Increased fee income from partial payment, late payment and policy reinstatement;
• Increased emphasis on profit sharing for agencies and employees;
• Recognition of agency relationship value created by strong marketing efforts;
• Results of intense agency review and development of clearer expectations and business plans from agencies;
• Diversification of geographic risk to reduce reinsurance costs from a maximum probable loss standpoint;
• Increased recognition of the value and return that smaller companies, such as the Insurance Company, can provide agencies;
• Development of stronger relationships between agents and the Insurance Company; and
• Increased emphasis for agencies to maximize total return through equity investment within the Company.

Mike