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Two days later, Charles Brisco insured his 1925 Cadillac Phaeton and became the first Farmers customer. [7] 1935. Truck Insurance Exchange, a new reciprocal insurer, was launched to specialize in truck insurance. [5] 1936. Farmers Insurance Exchange was named the leading reciprocal in earned premiums for auto insurance by National Underwriter ...
Farmers Insurance plans to increase the number of homeowners insurance policies it will write and begin offering coverage again for new customers in other types of dwellings, citing improvements ...
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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 ...
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 ...
American Family Insurance was founded on October 3, 1927, [5] when insurance salesman Herman Wittwer opened the doors of Farmers Mutual Insurance Company (not to be confused with the Farmers Insurance Group) in Madison, Wisconsin. At the time, the company's product was auto insurance and its target market was farmers.
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