Tri-County Mutual Town Insurance Company in Iron River organized in Port Wing in 1909 offering farm and rural residential homeowners a reasonable, low-cost insurance in Bayfield, Ashland and Douglas counties.
It has since expanded to include Sawyer, Washburn, Barron, Burnett and Iron counties.
The first president was Eban Olson of Port Wing. The company provides its policyholders about $73 million worth of coverage and has assets of $805,031.
Debra Lulich, president, and Martin Skaj, vice president, reside in Mason. Scott Ogren, manager, and Willard L. Ogren, secretary/treasurer live in Iron River. The annual meeting was recently held at Our Savior’s Lutheran Church in Iron River.
The State of Wisconsin Commissioner of Insurance Ted Nickel was the main speaker. Nickel gave a brief summary of the work he accomplishes with the Governor and explained his department regulates the 378 insurance companies in the state. He complimented Tri-County on its continued good operation over 104 years, when other small and larger companies cease to exist today. He also mentioned that he personally enjoys the Northland and he has fished the Cranberry River in Herbster and other rivers in the area, including Lake Superior out of Port Wing.
The meeting concluded with dinner served to all in attendance. The next annual meeting will be held in 2014 in Poplar.