CPA Mutual was formed in 1986 to help alleviate a hard market for accountants' professional liability. Many of our members at that time could not find affordable malpractice insurance. Carriers dramatically increased premiums and reduced available limits. And some sent out nonrenewal notices, called it a day and left firms scrambling to find coverage. Since that time, CPA Mutual has worked hard to build lasting relationships and, as a result, we have maintained an average retention rate of over 93 percent. Many of our competitors in today’s market cannot match our near 26 years of consistent reliability, nor can they match our service exclusive to the CPA profession. More importantly for our members, CPA Mutual serviced 2,168 claim matters and paid or incurred $167,688,537 in claims cost!!! Not bad for a member-driven and member-owned company! Policy coverage has been broadened multiple times with coverage added for outside defense cost, aggregate limits and deductibles and electronic data coverage. CPA Mutual also has expanded coverage to include employment practices liability as well as a limited policy for small firms that do not provide attestation services. Our focus continues to be the CPA market. It’s been an exciting and fulfilling 25+ years. All of us here at CPA Mutual appreciate the confidence and continued opportunity to serve you, both our current and prospective members. We look forward to another 25 years of continued success and service.