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Important Information for Founders Policyholders in Illinois affected by the December 1, 2018 storms and tornados in Christian County

In response to the December 1, 2018 storms and tornados that caused extensive damage to parts of Christian County, the Illinois Department of Insurance Issued Bulletin 2018-12, Suspension of Cancellation, Non-renewal and Premium Payments. Founders Insurance has taken appropriate steps to fully comply with the exceptions set forth in the bulletin and will provide the relief necessary to its Illinois policyholders impacted by these storms.

Click here to read more about this Important Notice and how it affects you.
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Quarterly Promotion
Like most companies, our beginnings were humble. In 1901, we started with $100,000 of capital, 3 employees, and a small number of Illinois merchants, farmers, and homeowners who purchased our fire insurance policy. Our name was Illinois Mutual Fire Insurance Company.

By the 1960s, under the leadership of Marvin E. Pritikin, we merged with Founders Mutual Insurance Company, which mainly wrote fire coverage for foundry workers, and converted to a stock company under the name of Illinois Founders Insurance Company. We were among the first insurers to issue payments to Chicago policyholders who lost their homes as a result of the civil unrest following the assassination of Martin Luther King in 1968. In one case, we issued payment with only a picture of the house once standing and a burnt mailbox with the house numbers on it! We began writing liquor liability coverage, a current speciality of ours, for Illinois taverns and restaurants at the end of the 1950s.