Farmers Group, Inc.

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Headquarters: 4680 Wilshire Blvd., Los Angeles, CA 90010
http://www.farmers.com

Recent Growth: Farmers Group acquired AIG’s auto group, which includes 21st Century Insurance, for $1.9 billion.

Key Officers: Robert Woudstra, Chief Executive Officer, Farmers Group; Kevin Hogan, Chief Executive Officer, Global Life Americas; Thomas J. White, President and Chief Executive Officer, Farmers Life

Farmers Insurance was founded in 1928, just one year before the Great Depression began. The company’s first customers insured their 1925 Cadillac Phaeton, taking a chance with a new and untested company.

Today, Farmers Group offers auto insurance, motorcycle insurance, home insurance, life insurance and business insurance, to name a few. What began as a car insurance company for farmers is now a multi-line, multi-company insurer servicing over 15 million people in 41 states.

The company is also a leader in catastrophe response because of Farmers Helppoint service and a Mobile Catastrophe fleet. Farmers was also the first major insurer to offer discounts for alternative-fuel vehicles and also offers non-standard auto policies.

Sources: farmers.com, Insurance News Net

Compiled by Life Quotes, Inc. staff

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Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

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