Bloomfield Mutual Insurance Company was organized as a business in 1887 by 29 men forming a corporation insuring $30,000 of property. The original name of the company was "The Farmers Mutual Fire Insurance Company of the Town of Bloomfield". At that time the company territory was limited to Bloomfield, Beaver, York and Forestville townships of Fillmore County, Minnesota. The original policy only covered the perils of fire and lightning. Eventually the company territory was enlarged to include Spring Valley and Fillmore Townships in Fillmore County and Bennington and Frankford Township in Mower County, Minnesota. In 1921 the company name was changed to Bloomfield Mutual Fire Insurance Company. Early policies of the company covered cars and trucks but that coverage was deleted in 1947. Gradually policy coverages were expanded to keep up with changes in the agricultural landscape. One such change in coverage was the blanket coverage for livestock and machinery which was added to facilitate changes in a farms personal property without having to constantly revise specifically insured items on the policy. This became so popular it was adopted by other companies statewide.
Having spent it's first 91 years being operated from the home of the Secretary of the board of directors, the insurance company built and moved to it's own building on South Section Avenue(Hwy 63S) in 1978. The business has supported the community over the years by donating to the Mower and Fillmore County Fairs and buying ribbons from the 4-H livestock auctions, providing scholarships in local school districts, supporting various school activities in surrounding communities, and contributing to a variety of community functions within the local area.
Bloomfield Mutual has achieved its longevity from principled business and accurate fair service to its customers. This has been a big piece of our business philosophy for many years and has served our company well. Because of our historically superior financial condition we have been able to grow and continue into the future with strength and stability.