In 1928, the Farmers Insurance Group of Companies was originally established. Then however, it was known as the Farmers Insurance exchange. This exchange was an automobile insurer originally, which later transitioned into multiple companies and multiple insurance packages.
Today, the Farmers Insurance exchange is known as Farmers Insurance or Farmers Insurance Group. The company has an ‘A’ rating which was bestowed by the AM best company. Farmers Insurance is also the country’s third largest supplier of private automobile coverages and homeowner indemnity.
Farmers Insurance Group’s corporate office is in Los Angeles, California. Coverage from Farmers Insurance group is available in most states across the nation. More than 18,000 independent agents are situated nationwide to provide customer service to Farmers Insurance’s more than 15 million clients which ranges from individuals to businesses.
Farmers Insurance group is not only an indemnity insurer but also provides management services and is a holding company. The Farmers Insurance group or the sense three subsidiaries which are farmers, truck, and fire insurance exchange’s respectively Has as farmers New World life insurance company which offers life insurance.
Farmers Insurance has a wide and constantly growing customer base. Many of these customers find that they can trust Farmers Insurance to supply them with the services they need. Unfortunately, Farmers Insurance has both positive and negative reviews. J.D. power and Associates has recognized Farmers Insurance for providing excellent customer service, and has received high ratings for their call center services. The Better Business Bureau, however, has rated the company ‘F’ based on customer complaints.
Farmers Insurance has many positive reviews in its favor in the insurance company keeps growing and forging ahead using the negative reviews and ratings as an opportunity to better the company. They have implemented some new underwriting procedures, as well as strengthened the control of the underwriting and general, and implemented new products to meet client needs geographically. Farmers Insurance is just one of the nations most widely known and financially sound.
In the Farmers Insurance group has also acquired the 21st Century insurance Company, which is also among market leaders.