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FARMER INSURANCE

Posted by Daftar Alamat Lengkap on Rabu, 05 Januari 2022

 

Farmers Insurance Group (informally Farmers) is an American insurer group of automobiles, homes, and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees. Farmers is the trade name for three reciprocal insurers, Farmers, Fire, and Truck owned by their policyholders. The non-claims activities of Farmers are managed by an attorney,, Farmers Group Inc, which is a wholly-owned subsidiary of Zurich Insurance Group.


Farmers' future co-founders John C. Tyler and Thomas E. Leavey first met after Tyler moved to California.[3] Tyler and Leavey had both grown up with rural backgrounds and believed that farmers and ranchers, who had better driving records than urbanites, deserved lower insurance premiums.[3][4][5] During the 1920s, farmers across the United States were establishing their mutual insurance firms and cooperatives to have less expensive policies. Tyler, the son of a South Dakotan insurance salesman, and Leavey, who had formerly worked for the Federal Farm Loan Bureau and the National Farm Loan Association, recognized that these farmers, ranchers, and other rural drivers were an overlooked market and wished to create their own auto insurance firm.

Tyler and Leavey opened the doors to their newly founded company, Farmers Automobile Inter-Insurance Exchange, in downtown Los Angeles, California. Tyler served as president with Leavey as vice president. A sales manager and secretary completed the four-employee team.

 

On March 28, 1928, the first meeting of the board of governors was convened. Two days later, Charles Brisco insured his 1925 Cadillac Phaeton and became the first Farmers customer.

The new headquarters building to house the Farmers Automobile Inter-Insurance Exchange and Truck Insurance Exchange, designed by Walker & Eisen in the Moderne style, open on Wilshire Boulevard. Architects Claud Beelman & Herman Spackler add 4 floors and a seventh-floor garden terrace for staff in 1949.


1942 Fire Insurance Exchange, the third reciprocal insurer, was launched, specializing in home insurance.

1950 Mid-Century Insurance Company became a subsidiary of the Farmers Insurance Exchange. Aside from the insurance coverage provided by the original three exchanges, Mid-Century offered insurance coverage for Inland marine, robbery, burglary, personal lines, plate glass, selected bonds, and floaters.

 

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