Farmers Insurance Group is a provider of insurance management services and a holding
company. It was founded in Los Angeles, California in 1928 by Thomas E. Leavey
and John C. Tyler. It is now a wholly owned subsidiary of Zurich Financial
Services, Zurich, Switzerland.
Farmers Group, acting under the "dba"
Farmers Underwriters Association, and 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. A reciprocal
or inter-insurance exchange consist of policyholders (subscribers) who exchange
contracts with one another so that they can provide themselves with insurance
against certain losses. In addition, Farmers Group, Inc., is a life insurance
holding company of the Farmers New World Life Insurance Company. Farmers Group,
Inc. 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 and services more than 15
million customers. In March 2000, the Farmers Insurance Group of Companies acquired/merged
with Foremost Corporation (Foremost Insurance Company) located in
Grand Rapids, Michigan. Foremost is the leading writer of manufactured homes and
a prominent insurer of recreational vehicles, boats and other specialty lines. |
