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The Farmers Exchanges, headquartered in Los Angeles, CA, are three reciprocal inter-insurance exchanges (Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange) in which members exchange insurance policies with each other via Farmers Group, Inc. (FGI) as attorney-in-fact. The Farmers Exchanges, directly or through ...
Farmers Insurance is upping the number of home policies it writes each month and resuming coverage for condos, renters and other dwellings, saying the California insurance market has improved.
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 ...
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Reciprocal insurance policies are typically nonassessable, keeping the policyholders from being charged an additional amount of money if required by the exchange. Reciprocals may issue assessable policies, though the practicalities of collecting assessments from members (particularly in personal lines) makes the assessable model less commonly used.
Farmers Insurance will stop offering its policies in Florida, which includes home, auto and umbrella, in a change that will affect 100,000 people. Farmers Insurance pulls out of Florida, affecting ...
On "60 Minutes: A Second Look," a new podcast, former Secret Service agent Clint Hill remembers his emotional interview with Mike Wallace in 1975 about the assassination of President John F. Kennedy.
The Ohio Farm Bureau decided to set up its own insurance company to offer rates that accurately reflected the driving habits of farmers. [6] On April 10, 1926, the Farm Bureau Mutual Automobile Insurance Company obtained a license to do business in Ohio, and two days later, it acquired its financing—a $10,000 loan drawn from the membership ...
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