Factory Mutual System (FM)




The Factory Mutual System--once comprised of as many as 40 individual mutual companies--has experienced consolidations and mergers over the years, resulting in just three member organizations today: Allendale Mutual Insurance Company, Arkwright Mutual Insurance Company, and Protection Mutual Insurance Company. They specialize in property coverages and loss prevention services for large industrial and institutional properties worldwide. Jointly, they own the Factory Mutual Engineering Corporation, Factory Mutual Engineering Association, Factory Mutual Research Corporation, and Factory Mutual Service Bureau.

See: absorption rate
Compare: Industrial Risk Insurers

from Rupp's Insurance & Risk Management Glossary. © 2002, NILS Publishing. All rights reserved.