Issue link: http://www.insightdigital.biz/i/1172004
16 | I NSIGH T • O c t o b e r 2 0 19 w w w . i n s i g h t o n b u s i n e s s . c o m • PLACES continued e conversion to a mutual holding company, previously approved by the Wisconsin Office of the Commissioner of Insurance and the Jewelers Mutual board of directors, will be effective upon issuance of a certificate of authority by the Wisconsin Office of the Commissioner, which is expected on or shortly aer Jan. 1. e change to a mutual holding company structure provides Jewelers Mutual with more flexibility to develop new and innovative products and services beyond its traditional insurance products, according to CEO and President Scott Murphy. In recent years, the company has launched its JM Shipping and JM Care Plan solutions. Under the new structure, Jewelers Mutual Holding Co. will become the group's new parent company, with Jewelers Mutual Insurance Co., SI becoming a stock subsidiary company wholly owned by the mutual holding company. While a mutual holding company structure would allow Jewelers Mutual to consider the sale of stock to raise capital, Murphy said it has no plans to do so. e company will continue to operate solely for the benefit of its policyholder members, and policyholders will have essentially the identical membership rights in the mutual holding company that they have today. • WEST CENTRAL Shawano, Waupaca, Waushara, Marquette, Green Lake Counties Training available for 41 workers affected by Waupaca Kmart closing e Kmart located at 830 W. Fulton St., Waupaca, will close in November, affecting approximately 41 employees. e Fox Valley Workforce Development Board is leading efforts to retrain and re-employ the workers. e board will work with Kmart store leadership to schedule an employee outreach session, which will include an overview of the services the board offers and the area Job Center, as well as information on unemployment insurance. e employees also will be evaluated for job readiness and begin the process of finding their next role. In addition, these workers may be eligible for assistance from the National Retail Worker Dislocation Grant, which can direct up to $30,000 to each laid-off retail worker for retraining, housing and other support. Waupaca Foundry recognized as business friend of environment Waupaca Foundry Inc., a Hitachi Metals group company, received the 2019 Business Friend of the Environment Award in the category of environmental innovation. e iron component supplier was honored for outstanding leadership in integrating sustainable business practices throughout its manufacturing operations. Sponsored by Wisconsin Manufacturers