April 18, 2014 2:37 AM ET

Insurance

Company Overview of Preferred Mutual Insurance Company

Company Overview

Preferred Mutual Insurance Company provides personal and commercial line insurance products and services to individuals, families, and businesses. Its personal lines include homeowners, personal auto, condo complete, renters/tenants coverage, high value home programs, mobile homeowners, dwellings rented to others, personal umbrella, snowmobile coverage, boat coverage, valuable possessions, above ground swimming pool, and identity theft insurance. The company’s commercial lines include contractors, business owners, commercial auto, commercial umbrella, religious institution programs, restaurant programs, bed and breakfast, hotel/motel programs, and workers' compensation. It offers its product...

One Preferred Way

New Berlin, NY 13411

United States

Founded in 1896

Phone:

607-847-6161

Fax:

607-847-8046

Key Executives for Preferred Mutual Insurance Company

Chief Executive Officer and President
Chief Information Officer and Senior Vice President
Senior Vice President of Profit Center Operations and Customer Relations
Assistant Vice President of Personal Lines Underwriting
Compensation as of Fiscal Year 2013.

Preferred Mutual Insurance Company Key Developments

Preferred Mutual Insurance Co. Appoints Jeffrey Lopata as Senior Vice President and Chief Information Officer

Preferred Mutual Insurance Co. has announced appointment of Jeffrey Lopata to the post of senior vice president (SVP) and chief information officer (CIO). In 2008, he joined Preferred Mutual as manager of the commercial lines e-business team. Lopata, has nearly 15 years of management experience in his field and the insurance industry. Before his service with Preferred Mutual, he has served for eight years at Utica National Insurance Group, managing web development and application development.

Preferred Mutual Insurance Company Promotes Brian D. Lopata to Senior Vice President of Profit Center Operations and Customer Relations in New Berlin

Brian D. Lopata has been promoted to senior vice president of profit center operations and customer relations at Preferred Mutual Insurance Co., in New Berlin. He will be responsible for the personal and commercial lines underwriting units, field agency marketing and customer relations. Lopata has more than 20 years of experience and joined the company in 2004.

Preferred Mutual Insurance Company Faces Lawsuit for Failure to Pay for Flood Damage

Preferred Mutual Insurance Company is the defendant in a lawsuit that alleges the company wrongfully failed to pay more than $105,381 in flood damage on a New York property. 450 Margaret Street Properties purchased flood insurance from Preferred prior to the damage that occurred in April 2011. The property suffered additional flood damage in June 2011. The lawsuit claims an adjuster determined that the property had suffered $105,381 in damages due to partial collapse of the building and that the plaintiff would be forced to incur additional expenses related to demolition and environmental remediation. The suit claims that Preferred denied the claim and alleged that the damage was caused by the weight of stored items and long term immersion in water, but later agreed to pay approximately half of the requested amount following the plaintiff's appeal to FEMA. The claimant alleges Preferred has yet to pay the agreed upon amount and continues to deny liability for the remainder of the plaintiff's damage.

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