POLICYHOLDERS’ 137th ANNUAL MEETING
March 31st, 2026
Dundee Mutual Insurance Company held its 137th annual meeting on March 31st, 2026 at the Community Room of the Park River City office building.
President Luther Meberg called the meeting to order and noted that a quorum of 25 policyholders were present for the meeting. The President also noted that the meeting notice is on every policy when sent out and was printed in the local newspapers in Walsh County.
The minutes of the March 25th, 2025 annual meeting were read. A motion was made to accept the minutes, it was seconded, motion carried.
The Secretary presented the 2025 financial report and reviewed the annual statement. Noted was the total premium income of $1,630,697, $2,611,830 in claims; and a 4.4% decrease in the total surplus of $3,822,559. The Secretary referred to the 7-year graph and company growth chart that are reflected in the report. A motion was made to accept the report, it was seconded, motion carried.
President Meberg called on Andy Thompson of the nominating committee for the 2 expiring terms. Andy advised the terms for Dennis Skorheim and Darin Kaercher are open for election. President Meberg opened the floor for nominations. A motion was made to re-elect Dennis Skorheim and Darin Kaercher for the 2 expiring terms, it was seconded, and the motion carried.
President Meberg referred to the handout that listed the current territory of operation in the 35 counties as listed and there were no changes being made to the current territory. A motion was made to approve the 35 counties as presented, it was seconded and the motion carried.
The Secretary introduced the local agents in attendance – Heather Almen and Cheri Stabo of First United Insurance.
The Secretary gave an update of the 2023 NDID audit that was completed in 2025. He advised that due to violation of state statute, we needed to make changes to our in-house agency. The company made the decision to sell the book of business to DVL Insurance in Devil’s Lake as of March 1st, 2026.
Throughout the meeting various door prizes were handed out provided by Dundee Mutual, our local agents and Stonebridge Capitol Advisors. There being no further business, President Meberg called for a motion to adjourn the meeting. A motion was made to adjourn the meeting, it was seconded and the motion carried. President Meberg invited everyone to stay for noon lunch served by Beth Sundberg.
Board members present were Dennis Skorheim, Darin Kaercher and Andy Thompson.
Respectfully submitted,
Ryan Dreger
CEO, Secretary/Treasurer
