Farmers Insurance
Lines of Insurance:
Auto, Life, Homeowners
States licensed to sell insurance in:
AZ, AR, CA, CO, ID, IL, IN, IA, KS, MI, MN, MO, MT, NE, NV, NM, ND, OH, OK, OR, SD, TN, UT, VA, WA, WI, WY
Type of Insurance Company: Stock
Name of Parent Company:
Zurich Financial Services
Insurance subsidiaries:
Foremost Insurance Group
Company Overview:
Company History: The Farmers Insurance Group of Companies was founded in 1928 when Farmers Insurance Exchange, an automobile insurer, was formed. As customer demand for additional insurance services increased, the Fire Insurance Exchange and Truck Insurance Exchange were established for home and commercial insurance needs. Today, the Farmers Insurance Group of Companies is the country’s third-largest writer of both private passenger automobile and homeowners insurance.Farmers Insurance Group of Companies is based in Los Angeles, California, and operates in 41 states across the country through the efforts of approximately 18,000 employees. Our agents, independent contractors and independent agents, along with Farmers employees, are responsible for servicing more than 15 million customers.
Farmers Group, Inc., is a provider of insurance management services and a holding company. Acting under the dba Farmers Underwriters Association, and with its wholly-owned subsidiaries, Truck Underwriters Association and Fire Underwriters Association, they act as the attorneys-in-fact for three reciprocals or inter-insurance exchanges - Farmers Insurance Exchange, Truck Insurance Exchange and Fire Insurance Exchange. The management company is not, however, an owner of these insurers. In addition, Farmers Group, Inc., is a life insurance holding company of the Farmers New World Life Insurance Company.
Foremost Insurance Company, located in Michigan, was acquired in March 2000. It leads the industry in insuring specialty products such as mobile homes, motor homes, travel trailers and specialty dwellings.
Farmers New World Life Insurance Company, headquartered in Mercer Island, Washington, offers a wide range of products from a fully flexible universal life product to traditional term and whole life plans and annuities marketed by Farmers agents.
Principal Methods: Company Agents, contract Agents, and Independent Agents
Special Business: Farmers owns Foremost Insurance located in Michigan which provides insurance for Boats, Motorcycles, RV’s and other specialty lines.
Company Rating:
Best Insurance Reports: A
Url of page rating was collected: http://www.ambest.com/ratings/
Best Rating: A.M. Best rating: A (excellent)