Shelter Insurance
| Company type | Mutual insurance organization |
|---|---|
| Industry | Insurance |
| Predecessor | MFA Mutual Insurance Company |
| Founded | 1946 |
| Headquarters | Columbia , United States |
Area served | 15 states in the United States |
| Products | Automobile insurance, property insurance, commercial insurance, life insurance |
Shelter Mutual Insurance Company is a mutual insurance organization that provides coverage in the areas of automobile, property, commercial, and life insurance. Its operations span fifteen states within the United States, with its main office located in Columbia, Missouri.
The company was established in 1946 as the insurance division of the Missouri Farmers Association, initially bearing the name MFA Mutual Insurance Company. In 1981, it adopted the name Shelter Insurance Companies, a change inspired by MFA's motto: “MFA is your Shield of Shelter.” From its founding, Shelter has kept its headquarters in Columbia. Adjacent to this central office are the Shelter Insurance Gardens.
Closing of Shelter Financial Bank
On September 7, 2012, Shelter declared it would shut down Shelter Financial Bank. Although the bank was profitable, rising expenses related to compliance with the Dodd–Frank Wall Street Reform and Consumer Protection Act compelled this decision. The regulatory demands rendered ongoing banking activities financially impractical for the firm.