Organized in 1887
Known today as Security Mutual Insurance Company, the Tompkins County Co-operative Fire Insurance Company, was organized on March 21, 1887 through the efforts of Otis E. Wood, the company's first corporate secretary; and was licensed to write fire insurance in the central New York counties of Cayuga, Cortland, Tompkins, and Seneca.

Our first policy was issued April 9, 1887, and provided $500 of coverage on the contents and $500 of coverage on a store owned by George H. Houtz in Etna, New York. The annual premium was $4.50.

Our First Year in Business
During our first year of business, 309 policies were issued with direct written premiums of $1,273.38; and the company paid its first loss in the amount of $219.69 on policy number 41, owned by L. Trembly, covering a hotel on Cayuga Lake. An assessment was declared on all policyholders to cover the loss.

In 1910, the New York State Insurance Department issued a certificate under the provision of Section IX of the Insurance Law allowing the company to continue to issue policies under the "advanced premium" plan in the counties of central and eastern New York.

On June 22, 1920, the company's charter was amended to expand its territory to include all counties of New York, except the five Boroughs of New York City, which were later added on August 12, 1942.

During February 1927, the New York State Insurance Department granted the company permission to write coverage against windstorms, tornadoes, earthquakes, theft of automobiles, as well as, loss by legal liability for property damage resulting from the maintenance and use of automobiles.

In 1955, the company was granted the power to write all coverages necessary to issue Homeowner and Special Multi-Peril Policies. The advanced premium co-operative company could now offer a full-line of policies on a "non-assessable" basis.

In 1964
Tompkins County Co-operative Fire Insurance Company merged with Security Mutual Fire Insurance Company of Delhi, New York, and the name was changed to Security Mutual Fire Insurance Company of Ithaca, New York.

For nearly 5 decades our company name evolved, until 1982, when the name Security Mutual Insurance Company was officially adopted.

As the sole remaining member of the Joint Underwriting Association known as New York Mutual Underwriters, a branch office known as Security Mutual Albany was formed to serve critical non-standard markets.

Starting out as a small "county cooperative" with $1,273 in premiums, today, Security Mutual Insurance Company writes over $38 million in premiums. With over $111 million in assets; over $61 million of policyholder surplus, we provide Property and Casualty Insurance for Home and Business. Security Mutual is represented by a network of more than 400 independent agents throughout New York State.