Society Insurance Partners with Local Restaurants to Feed Healthcare Workers and Families in Need

Contact: Brooke Droese 150 Camelot Drive Society Insurance Fond du Lac, WI 54935 Phone: 888.576.5841 societyinsurance.com FOR IMMEDIATE RELEASE Society Insurance Partners with Local Restaurants to Feed Healthcare Workers and Families in Need Austin, TX (February 22, 2021) — In response to the devastating winter storm that left thousands of Austinite’s without power, food and water, Wisconsin-based Society Insurance, which launches in the Austin market later this year, partnered with several locally-owned restaurants over the weekend to donate more than 1,200 prepared meals to healthcare workers and families in need. With the assistance of the incredible teams at P. Terry’s, Taco Deli, Santa Rita Cantina and Taco Shack, Society was able to purchase and distribute these meals to St. David’s Medical Center, Ascension Seton Medical Center and SAFE Alliance shelters. “Our team feels incredibly fortunate that we could support the Austin community at such a critical time,” said Rick Parks, Society Insurance president & CEO. “Working alongside these beloved Austin restaurants, we were able to provide a warm, comforting meal to those who needed it most. We are proud to join this wonderful community.” Society Insurance launches in the Texas market later this year and is recognized as an industry leader in providing superior restaurant and bar insurance coverage specifically tailored to the unique operations of each business. To find out how Society can help your business, visit www.societyinsurance.com/texas. Photos available here, courtesy of Society Insurance. ABOUT SOCIETY INSURANCE: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915. As a mutual insurance company, Society focuses on the small details that make a big difference to its policyholders while offering top-notch insurance coverage, service and competitive pricing to businesses in Colorado, Illinois, Indiana, Iowa, Minnesota, Tennessee and Wisconsin. Visit www.societyinsurance.com to learn more. FOR IMMEDIATE RELEASE .

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Society Insurance Launches in the Twin Cities
Contact: Brooke Droese Society Insurance 150 Camelot Drive Phone: 920.922.1220 Fond du Lac, WI 54935 Fax: 920.922.0747 societyinsurance.com Society Insurance Launches in the Twin Cities FOND DU LAC, Wis. (March 6, 2019) — Fond du Lac, Wisconsin-based Society Insurance announces it has begun offering its hospitality insurance coverage, TopChoice Restaurant Program and TopShelf Bar Program, to restaurant and bar owners in the Twin Cities. A total of ten agencies offer Society Insurance’s bar and restaurant insurance programs in the metro area: Brown & Brown of Minnesota, Edina; Corporate Four Insurance Agency, Edina; Holden Duluth Insurance Agency, Duluth; Kaplan Insurance Agency, Plymouth; KLB Insurance, Newport; Maguire Agency, Roseville; Minnesota Insurance Group, Minnetonka; Ross Nesbit Agencies, Minnetonka; Coverra Insurance Services, Holmen, WI; and Burstad Insurance, Menomonie, WI. Society is a mutual insurance company and its coverage is tailored to the unique needs of each business owner. Comprehensive insurance packages include both property and casualty coverage. “Protecting restaurants and bars is what we do best,” said Society Vice President of Sales and Marketing Ryan McClone. “As an industry leader, we are confident that bar and restaurant owners in the Twin Cities will benefit from our experience, knowledge and commitment to the hospitality industry. We always strive to take care of the small details that make the biggest difference for our policyholders.” ABOUT SOCIETY INSURANCE: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915. Society focuses on the small details that make a big difference to its policyholders while offering top-notch insurance coverage, service and competitive pricing to businesses in Wisconsin, Illinois, Indiana, Iowa, Minnesota and Tennessee.
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IN RE: SOCIETY INSURANCE COMPANY COVID-19 BUSINESS INTERRUPTION PROTECTION INSURANCE LITIGATION MDL No
Case MDL No. 2964 Document 88 Filed 10/02/20 Page 1 of 6 UNITED STATES JUDICIAL PANEL on MULTIDISTRICT LITIGATION IN RE: SOCIETY INSURANCE COMPANY COVID-19 BUSINESS INTERRUPTION PROTECTION INSURANCE LITIGATION MDL No. 2964 TRANSFER ORDER Before the Panel: At its July 2020 hearing session, the Panel considered two motions seeking centralization of an industry-wide litigation involving insurance claims for coverage of business interruption losses caused by the COVID-19 pandemic and the related government orders suspending, or severely curtailing, operations of non-essential businesses. We denied the motions, concluding that the differences among the many insurers would overwhelm any common factual questions and hinder the transferee court’s ability to efficiently manage the litigation. See In re COVID-19 Bus. Interruption Prot. Ins. Litig., MDL No. 2942, 2020 WL 4670700, __ F. Supp. 3d __ (J.P.M.L. Aug. 12, 2020). In the briefing on those motions, several parties proposed that insurer- specific MDLs be created. We concluded that we needed “a better understanding of the factual commonalities and differences among these actions, as well as the efficiencies that may or may not be gained through centralization, before creating an insurer-specific MDL.” Id. at *3. So we ordered the Panel Clerk to issue orders directing the parties to certain actions involving a common insurer or group of insurers to show cause why those actions should not be centralized. One of those orders encompassed the 21 actions listed on Schedule A, which involve claims against Society Insurance Company (Society). Since we issued this show cause order, the parties have notified us of thirteen related actions filed in seven districts.1 Plaintiffs in ten of the 34 actions support the creation of a Society MDL in the Northern District of Illinois.
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SOCIETY INSURANCE, a Mutual Company
Report of the Examination of SOCIETY INSURANCE, a mutual company Fond du Lac, Wisconsin As of December 31, 2019 TABLE OF CONTENTS Page I. INTRODUCTION .........................................................................................................................1 II. HISTORY AND PLAN OF OPERATION.....................................................................................3 III. MANAGEMENT AND CONTROL..............................................................................................6 IV. REINSURANCE ........................................................................................................................8 V. FINANCIAL DATA ....................................................................................................................15 VI. SUMMARY OF EXAMINATION RESULTS.............................................................................24 VII. CONCLUSION .......................................................................................................................26 VIII. SUMMARY OF COMMENTS AND RECOMMENDATIONS .................................................27 IX. ACKNOWLEDGMENT ............................................................................................................28 X. SUBSEQUENT EVENTS………………...………………………….……………………………….29 Tony Evers, Governor of Wisconsin Mark Afable, Commissioner of Insurance November 5, 2020 Honorable Mark V. Afable Commissioner of Insurance State of Wisconsin 125 South Webster Street Madison, Wisconsin 53703 Commissioner: In accordance
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For Immediate Release
Contact: Brooke Droese Society Insurance 150 Camelot Drive Phone: 920.922.1220 Fond du Lac, WI 54935 Fax: 920.922.0747 societyinsurance.com FOR IMMEDIATE RELEASE Society Insurance charitable donations exceeded $175,000 in 2020 FOND DU LAC, Wis. (March 10, 2021) — In a year unlike any other, Society Insurance and its employees got creative, focusing their giving on immediate local needs created by the pandemic and its economic effects. Society and its employees gave more than $175,000 to a variety of organizations, including corporate gifts to the Fond du Lac Family YMCA, Boys & Girls Club of Fond du Lac, Moraine Park Promise Program and Children’s Museum of Fond du Lac. Employees pledged $16,280 and Society matched that amount to provide almost 100,000 meals for food-insecure families in partnership with Feeding America Eastern Wisconsin. The company donated $10,000 to the Fond du Lac Area Foundation Disaster Relief Fund and provided primary sponsorship of the Golden Ticket promotion, which encouraged community members to support local restaurants and bars during the pandemic. Society also supported many of our front-line heroes in hospitals, police and fire departments and schools by donating meals purchased from Society-insured restaurants throughout the seven states served by the company. As in previous years, teams of Society employees supported the Fond du Lac Area United Way ($28,957 raised) and Relay for Life ($5,669 raised) through fundraising events, many of them repurposed and virtual because, after all, need knows no season. ABOUT SOCIETY INSURANCE: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915.
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For Immediate Release
Contact: Brooke Droese Society Insurance 150 Camelot Drive Phone: 920.922.1220 Fond du Lac, WI 54935 Fax: 920.922.0747 societyinsurance.com 0B FOR IMMEDIATE RELEASE Society Insurance Brings More than a Century of Experience to Restaurants and Bars in Colorado FOND DU LAC, Wis. (October 6, 2020) — Wisconsin-based Society Insurance announces the launch of its insurance programs for the hospitality industry in Colorado. Society is recognized as an industry-leader in providing superior restaurant and bar insurance coverage specifically tailored to the unique operations of each business. “For over 100 years, we have listened to what is most important to business owners so we can serve insurance coverages that make the biggest difference,” said Ryan McClone, vice president of sales and marketing. “As we expand our geographic footprint beyond the Midwest, Colorado is a natural fit with its vibrant, diverse and growing food and beverage scene.” Society Insurance provides property and casualty coverages, partnered with outstanding underwriting, risk management and claims handling for restaurants, bars, brewpubs and craft breweries. Working with local independent insurance agents, Society specializes in the details to build a comprehensive package from the ground up. “Just like our policyholders in the hospitality industry, we are committed to providing excellent service and value for our customers,” said McClone. To find out how Society can help your business, visit societyinsurance.com to find your local Colorado agent and request a free quote. ### Photos available here, courtesy of Society Insurance. ABOUT SOCIETY INSURANCE: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915.
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Society Insurance Announces Two Executive Promotions Boyer Named to Executive Vice President; Schwefel Named Vice President-Finance & Treasurer
Contact: Brooke Droese Society Insurance 150 Camelot Drive Phone: 920.922.1220 Fond du Lac, WI 54935 Fax: 920.922.0747 societyinsurance.com Society Insurance Announces Two Executive Promotions Boyer named to executive vice president; Schwefel named vice president-finance & treasurer FOND DU LAC, Wis. (December 21, 2020) — Society Insurance announces Heather Boyer’s promotion to executive vice president and Tom Schwefel’s promotion to vice president-finance and treasurer. As executive vice president, Boyer will work with Rick Parks, Society Insurance president & CEO, to direct and lead the executive team to communicate the company’s strategic direction and to develop plans for achieving profitability, growth, operational and service objectives. Boyer will also work with the Board of Directors to help them optimize their governance and direction of the company. Boyer joined Society in 2014 as vice president & chief financial officer and was promoted to senior vice president in 2015. Prior to joining Society, she had significant experience working for two Wisconsin-based regional and national insurance carriers. Boyer is a graduate of Colorado College and earned her MBA from Northwestern University. As vice president-finance and treasurer, Schwefel will assume responsibility for all finance, premium receivable, financial planning and analysis, and investment functions. Schwefel previously served as controller and assistant treasurer at Society. He joined the company in 2006 as accounting manager. Schwefel is a graduate of Marion University and holds the CPA designation. “It’s gratifying to see our leadership development program prepare these executives to take on additional responsibilities,” said Parks. “Their deep knowledge of the company and our customers will support building on long- term strategies and maintaining consistency.” ABOUT SOCIETY INSURANCE: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915.
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In the United States District Court for the Northern District of Illinois Eastern Division
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ACCEPTANCE Embracing the Hashtag #Acceptanceinsstrong
ACCEPTANCE Embracing the hashtag #acceptanceinsstrong, Acceptance insurance offices around the country are serving communities including bringing meals to intensive care units and stocking local food pantries in South Carolina, making masks to relieve the discomfort of professionals wearing PPE for long shifts in Ohio, and donating lunches to first responders in Lakeland, FL, while maintaining a safe social distance. Acceptance is suspending late fees and extending payment deadlines for customers as well as offering free COVID-19 screenings to employee team members. ACUITY Acuity is discounting personal auto rates for customers in response to reduced driving. Policyholders will receive an average discount of $50-$100 for two cars. This reduced-driving discount will be automatically applied to policies for both existing and new customers, pending regulatory approval. Acuity is making a special $300,000 financial contribution among the Sheboygan County Food Bank, the Salvation Army and the Feeding America organization to support COVID-19 efforts. They are also working with the Wisconsin Motor Carriers Association and the Nebraska Trucking Association to provide meals to truck drivers on the road at this time. AIG AIG is making an inaugural $5 million contribution through the AIG foundation to COVID-19 relief efforts, as part of their commitment to global communities. AIG has implemented a temporary grace period extension of 90 days for policies with premium payments due, or for policies in the grace period, between March 11, 2020 and July 1, 2020. ALLSTATE Customers who use their personal vehicles to deliver food, medicine, and other goods for commercial purposes related to COVID-19 are automatically covered.
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Society Insurance Expands Coverage to Georgia
Contact: Brooke Droese Society Insurance 150 Camelot Drive Phone: 920.922.1220 Fond du Lac, WI 54935 Fax: 920.922.0747 societyinsurance.com SOCIETY INSURANCE EXPANDS COVERAGE TO GEORGIA Wisconsin-Based Carrier With More Than 100 Years of Experience Specializes in Coverage for Restaurants and Bars ATLANTA (April 1, 2021) – Society Insurance, a Wisconsin-based insurance carrier specializing in the hospitality industry, is launching insurance programs in Georgia. Society is recognized throughout the industry as a leader in providing superior restaurant and bar insurance coverage that is custom-tailored to fit the unique needs of each business. “For more than 100 years, Society Insurance has worked hand-in-hand with business owners to provide the most meaningful coverage,” said Ryan McClone, Society Insurance vice president of sales and marketing. “Georgia has a thriving and growing food and beverage scene. We look forward to working with these restaurant and bar owners to tailor coverage that best protects their livelihoods.” Society Insurance understands the distinct risks and challenges of protecting the hospitality industry, and offers property and casualty coverages, along with exceptional underwriting, risk management and claims handling for restaurants, bars, brewpubs and craft breweries. Society works with local independent insurance agents to craft comprehensive packages from the ground up and to provide educational materials to help clients proactively protect their businesses. “Just like our policyholders in the hospitality industry, Society Insurance is committed to providing top- notch service and value for customers,” adds McClone. To learn how Society can help your business, visit societyinsurance.com to find your local Georgia agent and request a free quote.
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Annual Report 2019 Honoring Our Promise
Honoring our promise. Growing with purpose. TOGether Annual Report 2019 Honoring Our Promise Insurance is a unique product. We sell a promise, and it’s a promise that customers hope they never have to use. Yet as a mutual insurance company, honoring that promise when the need arises is the core of what we do. In 2019 the employees and agents of Society Insurance were presented with many opportunities to honor the promise, and met that challenge admirably. Society saw a record number of losses in many lines of business this past year and a total dollar amount of direct losses that was also, unfortunately, a record. Winter weather losses resulting from last year’s polar vortex were followed by summer storms that affected thousands of policyholders. There was also an unusual frequency of large fire losses and catastrophic Workers Compensation injuries. Our employees and agents stepped up to honor the promise with distinction. Following severe summer storms in central Wisconsin involving hundreds of policyholders, over 90% of claims were paid and settled within 12 weeks. After a large fire affecting a medical clinic, payments of over $2 million were in the policyholder’s hands in less than a week. That policyholder included Society Insurance in a full-page thank-you ad in the local newspaper for our role in helping them continue their business. The treatment plan developed for a worker who suffered a catastrophic spinal cord injury ensured he would be transported to the top facility in the country to begin his recovery. Another worker who suffered a traumatic brain injury achieved a degree of recovery few anticipated at the time of his accident.
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2020 Annual Report
resiliencE Annual Report 2020 Finding Opportunity in Adversity Winston Churchill once said that “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” The global pandemic of 2020 set difficulties in front of us that could not have been imagined as we began the year. But I’ve been humbled to see how our employees, agents and policyholders have found the opportunities in those difficulties to keep moving forward. It’s also been inspiring to see how we have supported each other to manage these difficult times. The small business owners that Society insures have never seen a more challenging environment. In many cases, the way they had to do business was completely upended. While some unfortunately were not able to survive, most did, and it was due to innovation, creativity and a deep desire to serve their customers. It has been so very impressive. Independent agents had to address their own challenges as business owners, but they also needed to be there for our common customer, the policyholder. Their role as a risk consultant expanded at times to include providing advice on how best to access government aid programs, and sometimes to simply be an empathetic listener for customers. The value they provided won’t be soon forgotten. Society’s employees rose to the occasion to support policyholders and agents, in most cases from a new work-from-home environment. The regular tasks of running an insurance company continued uninterrupted and we adapted as needed. Payment forgiveness was provided to policyholders struggling with cash flow, and then customized payment plans were developed to make catching up easier.
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A.M. Best Affirms A- Excellent Rating for Society Insurance Society Retains A.M
Contact: Ryan Roecker Society Insurance 150 Camelot Drive Phone: 920.922.1220 Fond du Lac, WI 54935 Fax: 920.922.0747 societyinsurance.com FOR IMMEDIATE RELEASE A.M. Best Affirms A- Excellent Rating for Society Insurance Society retains A.M. Best rating with Stable Outlook. FOND DU LAC, Wis. (June 14, 2021) — Society Insurance recently had its overall financial strength affirmed as A- (Excellent) with Stable Outlook by international rating agency A.M. Best Rating Services. Society has maintained this rating and outlook since 2007. “Given the multiple business challenges that our company, policyholders and agents have faced over the past year, it’s gratifying to see our A- (Excellent) rating and Stable Outlook affirmed by A.M. Best,” said Rick Parks, Society Insurance president & CEO. “We are particularly pleased that Best has once again rated Society’s risk-adjusted balance sheet strength as “very strong,” as measured by Best’s Capital Adequacy Ratio (BCAR).” A.M. Best provides ratings that assess the creditworthiness of more than 16,000 insurance companies across the world. An A.M. Best rating is an informed summary opinion of a company’s ability to pay claims, debts and other obligations as they arise. Society’s A.M. Best rating is effective June 10, 2021. For the latest rating, access www.ambest.com. ABOUT SOCIETY INSURANCE: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915. Society focuses on the small details that make a big difference to its policyholders while offering top-notch insurance coverage, service and competitive pricing to businesses in Colorado, Georgia, Illinois, Indiana, Iowa, Minnesota, Tennessee and Wisconsin.
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