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Valley Mutual Insurance Company records
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Held at: Historical Society of Pennsylvania [Contact Us]1300 Locust Street, Philadelphia, PA, 19107
This is a finding aid. It is a description of archival material held at the Historical Society of Pennsylvania. Unless otherwise noted, the materials described below are physically available in their reading room, and not digitally available through the web.
Overview and metadata sections
The Valley Mutual Insurance Company was incorporated in 1963 in Shippensburg, Pennsylvania. The company formed as the result of the consolidation and merger of five small farmers’ mutual insurance companies in the Cumberland Valley region: Centennial Mutual Fire Insurance Company, Cumberland Valley Farmer’s Mutual Fire Insurance Company, Lurgan Mutual Fire Insurance Company of Franklin County, Franklin County Mutual Insurance Company, and Friendship Mutual Fire Insurance Company of Franklin County.
The companies were all founded in the mid-to-late nineteenth century, at a time when Cumberland and Franklin Counties were sparsely populated with small, mostly agrarian communities. Damage to property by fire was a concern at the time when open flame and gas were commonly used for lighting and heating homes and other buildings. Rural farmers often did not have access to public water systems or any type of early firefighting equipment compared to urban dwellers. The result was that farmers, business owners, and homeowners in these communities and others like them banded together to form mutual insurance companies in which policyholders paid into and owned a portion of the company, sharing in the risk.
The earliest of the five companies that formed Valley Mutual, Franklin County Mutual, was incorporated in Chambersburg, Pennsylvania, in 1850.
In the following year, Cumberland Valley Farmer’s Mutual was incorporated in Shippensburg, PA with Samuel Wherry, John Cressler, Charles White, Jr., John Tritt, and William Linn as founding Board members. Lurgan Mutual Fire Insurance Company was organized in Mowersville, PA, in 1859 and incorporated in 1866. The company later moved to Shippensburg, PA, where it was based out of a building at 20 West King Street, which would later become the Valley Mutual offices. Founding directors of the company were: Joseph Mower, John Maclay, John Newcomer, Daniel Snoke, Adam Shoemaker, David Hayes, Henry Clippenger, John Zook, and John Hensil.
The next company, Centennial Mutual Fire Insurance, was organized in 1876 and incorporated in 1877 in Shippensburg, PA. Founding members were: George W. Thrush, Josiah Fickes, John Maclay, John Hensel, David Fogelsanger, Robert Preston, William Clark, John H. McCullock, C.H. Maclay, and C.L. Shade. Lastly, the Friendship Mutual Fire Insurance Company of Franklin County was incorporated in 1899 in Shippensburg, PA. Founding members were: Joseph Middour, J. Frank Hoover, Abraham Lesher, J.S. Ernst, John H. Blair, George Bollinger, Levi Horst, Jere Lesher, Strock Byers, and Levi S. Keller.
In 1963, Lurgan, Centennial, and Cumberland Valley Farmers’ Mutual consolidated to form the Valley Mutual Insurance Company. Two years later, Franklin County Mutual and Friendship Mutual merged with the company to form its final incarnation. In 1986, Valley moved its offices to a larger facility at 418 West King Street in Shippensburg.
In 1988 The Mutual Assurance Company of Philadelphia (Green Tree) purchased Valley Mutual. In 1990, The Mutual Assurance Company closed the former Valley Mutualoffice in Shippensburg and moved the insurance operations to the Philadelphia office. Valley Mutual fully merged into Mutual Assurance in 1992.
The Valley Mutual Insurance Company records date from 1831 to 1990, with bulk dates of 1900 to 1985, and consist of the administrative and financial materials of that company as well as those of the five companies which merged to form it in 1963 and 1965. Based out of Shippensburg, Pennsylvania, Valley Mutual provided property insurance to homeowners, farmowners, and rural communities in the surrounding areas. This collection extensively documents the administrative activities and governance of the companies through board and committee minutes, correspondence, financial records, and reports of examination from the state insurance department. The collection also contains a smaller amount of information regarding policyholders including policy registers, forms, and account books.
The materials in this collection document the activities and services provided by rural insurance companies in south-central Pennsylvania farming communities from the mid-nineteenth through the mid-twentieth century. The collection also provides some personal and professional information about board members of several of the companies, many of whom were prominent local landowners and businessmen in Cumberland and Franklin counties. The collection may be useful for researchers interested in the history of American insurance, particularly its early development in Pennsylvania. There is also some material that may be useful to genealogical researchers interested in families from the areas of Shippensburg and Chambersburg, Pennsylvania, particularly the research files of former board member William Burkhart.
Series I. Valley Mutual Insurance Company
Subseries a. Administrative
Subseries b. Financial
Series II. Centennial Mutual Fire Insurance Company
Series III. Cumberland Valley Farmer’s Mutual Fire Insurance Company
Series IV. Franklin County Mutual Insurance Company
Series V. Friendship Mutual Fire Insurance Company of Franklin County
Series VI. Lurgan Mutual Fire Insurance Company of Franklin County
Series VII. Unidentified
The records of Valley Mutual and those companies which merged to form it were given by The Mutual Assurance Company to the Cumberland County Historical Society, but in 2013 the materials were transferred to the Historical Society of Pennsylvania.
Gift of the Cumberland County Historical Society, 2013.
Accession number 2013.085.
Many of the volumes were given "Ledger" numbers by the Cumberland County Historical Society. It does not appear that these numbers bear any relation to their original use. These numbers were maintained in the new titles given to the volumes to facilitate cross-reference with an Excel spread sheet created by the Cumberland County Historical Society. Access to this spreadsheet is available upon request.
A number of the volumes and some of the loose material were found to have mold damage during processing, and indicated in the titles of the items. Researchers should exercise caution when handling these materials. Masks and gloves are available upon request.
Organization
Subject
Place
- Publisher
- Historical Society of Pennsylvania
- Finding Aid Author
- Finding aid prepared by Megan Evans.
- Finding Aid Date
- ; 2015.
- Sponsor
- Processing made possible by a generous donation from Maxine and Howard Lewis.
Collection Inventory
Series I. Valley Mutual Insurance Company dates from 1831 to 1991, with bulk dates of 1963 to 1989, and mostly consists of board and committee minutes, letters, memoranda, state insurance department reports, annual statements, amendments to the charter and by-laws, office property documents, and some financial materials.
Subseries a. Administrative dates from 1831 to 1990, with bulk dates of 1962 to 1990, and consists largely of minutes from the Board of Directors, the Executive Committee, and the Policyholders Committee. This subseries also contains a number of reports from the state insurance department, policyholder information and forms, letters and memoranda, and materials regarding the office properties of the company in Shippensburg, PA. Also of interest in this series are two files of research material compiled by Valley Mutual board member William Burkhart. The materials are arranged with board and committee minutes first alphabetically according to their name and then chronologically. The remainder of the material in this subseries is arranged chronologically.
Subseries b. Financial dates from 1955 to 1991 and includes a small number of materials documenting the finances of the Valley Mutual Insurance Company. The majority of these materials consist of check stubs and bank deposit books but there are also a number of ledgers and account books. The subseries is arranged chronologically.
Series II. Centennial Mutual Fire Insurance Company dates from 1876 to 1963 and contains administrative and financial materials of that company. Included are board and committee minutes, financial ledgers, annual statements, state insurance department reports, some policyholder information, and a small number of advertising materials. The series is arranged chronologically.
Series III. Cumblerland Valley Farmers’ Mutual Fire Insurance Company dates from 1936 to 1990, with bulk dates of 1936 to 1967, and consists of administrative and financial materials of that company. Though it is the second oldest company in this collection, there are relatively few records in this series. Notably absent are materials dating from the company’s founding in 1851 to 1935, nearly eighty years of information which is not represented. Included in this series are some financial records, a folder of correspondence, state insurance department reports of examination, and a policy register. Also of interest is a file of research material compiled by Valley Mutual board member William Burkhart. The series is arranged chronologically.
Series IV. Franklin County Mutual Insurance dates from 1851 to 1966 and contains the administrative and financial records of the company. These materials include board minutes, financial ledgers, letters, copies of and amendments to the charter and by-laws, annual statements, and a large number of policy registers. This series contains the most information about policyholders in this collection with the registers providing the policy numbers, holders name and address, and type of policy or coverage. The series is arranged chronologically.
Series V. Friendship Mutual Fire Insurance Company of Franklin County dates from 1899 to 1989, with bulk dates of 1899 to 1968, and consists of administrative and financial materials of that company. These materials include Board of Directors minutes and reports, financial ledgers, annual statements, and some policy registers. Also of interest in this series is a file of research material compiled by Valley Mutual board member William Burkhart. The series is arranged chronologically.
Series VI. Lurgan Mutual Fire Insurance Company dates from 1859 to 1989, with bulk dates of 1859 to 1963, and consists of administrative and financial materials from that company. Included in the series are Board of Directors minutes, annual statements, rate books and by-laws, state insurance department reports, federal tax forms, and policy registers. Also of interest is a file of research material compiled by Valley Mutual board member William Burkhart, which includes an account written by Lurgan board member John C. Sharpe describing his experiences as a boy in the Chambersburg area during the Civil War. The series is arranged chronologically.
Series VII. Unidentified dates from 1894 to 1966 and consists of materials whose company of origin cannot be identified. These materials include a number of financial ledgers and policy registers as well some loose leaf foldered material. The series is arranged chronologically.