Lakeland Fire & Casualty Company

Lakeland Fire & Casualty Company was an insurance company formed by Berkshire Hathaway in Minnesota during 1971 as part of the Home-State Insurance operation.

📝 Marketing and Underwriting

• Goal: To bring Minnesota agents and insureds a combination of "large company capability and small company accessibility."
• Focus: The company devoted its entire efforts to the single state of Minnesota.
• Performance (1972): In its early stages, it experienced high expense ratios and initially unsatisfactory loss ratios on very small volume, typical of a development-stage insurance unit.

🔗 Connections

• Parent Operation: Home-State Insurance
• Manager: John Ringwalt
• Source: 1971 Letter, 1972 Letter