Statement from Badger Mutual CEO/President Dan Nigro: I would like to share the positive developments regarding Badger Mutual’s affiliation with Rural Mutual. Back in October, we announced that we had entered into an affiliation agreement with an anticipated effective date of January 2025, pending regulatory approval. I’m very pleased to report that the Wisconsin OCI approved the affiliation in December, solidifying the desired effective date of January 1, 2025. We are very excited that our affiliation with Rural Mutual is now official. I want to thank you all again for supporting us through this journey.
Rural Mutual Insurance Group recently received an important rating update from AM Best, a global credit rating agency specializing in the insurance industry. The agency affirmed Rural Mutual Insurance Company’s (Rural) Financial Strength Rating (FSR) of A+ (Superior) and upgraded Badger Mutual Insurance Company’s (Badger) rating to A+ (Superior) following their recent affiliation.
What This Means for Policyholders
At Marshfield Insurance, we understand that insurance ratings can impact your confidence in your provider. Here’s what you should know:
Financial Strength & Stability – Badger Mutual’s A+ rating reflects its ability to meet financial obligations, ensuring that policyholders’ claims will be paid as expected.
Expanded Coverage & Resources – With Badger Mutual’s integration into the Rural Mutual Insurance Group, the organization gains a broader geographic reach and enhanced risk diversification.
Continued Local Service – Despite the affiliation, both Rural and Badger will continue to operate separately, maintaining their strong local presence and brand identity in Wisconsin.
Why This Matters
A strong rating from AM Best signifies financial stability and reliability—key factors when choosing an insurance provider. As your trusted insurance agency, Marshfield Insurance stays up to date with these developments to ensure we provide the best coverage options for our clients. If you have any questions about how this update affects your policy or if you’re considering new coverage, our team is here to help!