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Farmers Insurance Group (informally Farmers) is an American insurer group of vehicles, 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.
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
[19] [20] In 2018, State Farm Canada was officially rebranded to Desjardins Insurance through Desjardins Insurance Agents. [21] The whole transition was completed in 2019. [22] On May 28, 2023, the company announced it would stop issuing new home insurance policies in California due to wildfire risks and surging construction costs. [23]
Often, independent insurance agents will work with insurance intermediaries, who obtain quotes from multiple insurance providers and pass them off to the independent agent. Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available.
The poll was conducted from Nov. 25 to Dec. 9 by Wakefield Research for Sentry, a business insurance company. And 47% of the company leaders said economic uncertainty was their biggest worry.
Auto-Owners began writing insurance in Indiana, its first state outside of Michigan, in 1935. They now offer insurance in 26 states through local, independent insurance agents. [4] The company has been a member of the Fortune 500 since 2003. [5] In 2020, Auto-Owners Insurance was listed at number 320. [5]
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