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The company was established as America's first auto insurance company for nondrinkers. Dec. 26, 1946 – Preferred Risk Mutual Insurance Company (PRM) was organized in Des Moines, Iowa, with $30,000 capital contributed by Plymat, J.J. Mallon and Reverend Sam Morris. Morris, a popular radio host, was elected the first president of the company.
FBL Financial Group, Inc. is a financial services holding company, headquartered in West Des Moines, Iowa, and traded on the New York Stock Exchange under the symbol FFG. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses.
Merchants Preferred commenced business in 2007 to rebuild and expand its preferred-risk business after the sale of a like subsidiary, [1] and Merchants National commenced business in 2009. [ 2 ] Merchants employs over 300 insurance professionals throughout its operating territories, and works with more than 1,000 independent insurance agents .
A small-town mutual CEO relied on the Iowa Insurance Division when deciding to do business with an Indiana reinsurance firm. ... the company's chief risk officer and a longtime associate of ...
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