[Congressional Record Volume 140, Number 47 (Tuesday, April 26, 1994)]
[Extensions of Remarks]
[Page E]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: April 26, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
CUMBERLAND MUTUAL FIRE INSURANCE CO. HONORED FOR 150 YEARS OF EXEMPLARY 
                                SERVICE

                                 ______


                         HON. WILLIAM J. HUGHES

                             of new jersey

                    in the house of representatives

                        Tuesday, April 26, 1994

  Mr. HUGHES. Mr. Speaker, I rise today to congratulate the Cumberland 
Mutual Fire Insurance Co. for 150 years of exemplary service to the 
State of New Jersey in the insurance writing industry.
  The Cumberland Mutual Fire Insurance Co. [CMFIC] is an insurance 
company located in Bridgeton, NJ, with a great history of commendable 
performance. From the adoption of its constitution, presented by the 
Shiloh-Bridgeton Committee on January 30, 1844 and the inception of the 
company later that spring, CMFIC has been blessed by the leadership of 
persons of great intellect, integrity, and foresight. Indeed, this 
level of excellence is the principal reason that Cumberland Mutual has 
been so successful for so long.
  Over the years, Cumberland Mutual has made security and safety of 
paramount importance. Recognizing the threat of natural disasters and 
the curse of fires, CMFIC sought catastrophe reinsurance to guarantee 
the policyholders payment of claims no matter what the circumstances. 
They then sought to provide better service and reasonable rates to the 
company members while encouraging prudent steps to prevent losses. 
Potential safety risks are examined yearly and recommendations are made 
for removing fire hazards.
  Cumberland Mutual is justly applauded by all who are familiar with 
its operational code of conduct and its willingness to maintain a level 
of intimacy between the directors, officers, and members or prospective 
members of the company. Cumberland's practice of allowing applicants 
and claimants the privilege of appearing in person to plead their case, 
has accentuated its fundamental philosophy of fair play and a desire to 
view a problem from all sides. It is clear that CMFIC is constantly 
striving for a better, more modern, and equitable method of 
compensation and, that in part, explains why Cumberland is so well 
known and respected throughout south Jersey.
  As the Cumberland Mutual Fire Insurance Co. celebrates a century and 
a half of outstanding service, I would like to take this opportunity to 
congratulate all of those who have contributed to this tremendous 
record of accomplishment for the last 150 years and wish them continued 
success in the years ahead.

                          ____________________