Tom Nobbe, of Waterloo, Illinois, was elected to the Board of Directors of the Federated Insurance Companies. The election took place at the Annual Meeting of Policyholders held April 17, 2018, at Federated Insurance Companies’ home office in Owatonna, Minnesota.
Nobbe is the President and CEO of Wm. Nobbe & Company, Inc. in Waterloo, Illinois. The fourth generation company is a 13 store John Deere® equipment dealer that began in 1907 by Tom’s great uncle. Eventually, the family separated the automobile business from the farm equipment and Tom’s grandfather took over the farm equipment business. Nobbe graduated from Southwestern Illinois College with a degree in Marketing/Management. Tom has been in the farm equipment business for almost 50 years.
Over the years, Tom has served as chairman and director for the North American Equipment Dealers Association, and is past president and director of Mississippi Valley Equipment Dealers Association, as well as Midwest Equipment Dealers Association. He currently serves as chairman of the Equipment Dealers Foundation.
Tom is very active in his community currently serving as president of Kolmer Memorial Cemetery, as well as, chairman of his church’s budget committee. Currently, he is a board member of Red Bud Regional Hospital and serves on the Advisory Board of First National Bank of Waterloo. He is also on the Monroe County CEO Board. He was a past director of First State Bank of Red Bud.
“We greatly respect and appreciate the industry perspective Tom has shared with our organization during his seven years on Federated’s Advisory Council.” Federated Insurance Chairman and CEO Jeff Fetters said. “He is a valuable addition to our Board of Directors and we look forward to his continued insight into the equipment dealer industry.”
Founded in 1904, Federated Insurance is a national insurance and risk management organization that serves the property, casualty, and life insurance needs of clients in select industries. The organization has hundreds of recommendations from state, regional, and national associations and affinity groups and is rated A+ (Superior) by industry analyst A.M. Best®.
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Source: Federated Insurance News Release