February 21, 2017 7:29 PM ET

Insurance

Company Overview of Farmers Group, Inc.

Company Overview

Farmers Group, Inc., doing business as Farmers Underwriters Association, operates as a multiline insurer in the United States. The company provides auto and recreation insurance, including auto, collectible auto, motorcycle, boat, travel trailer, motor home, and food truck insurance; and home insurance, such as homeowner, renters, condo, mobile home, and specialty home insurance. It also offers life and financial insurance that includes term life and whole life insurance, annuities, and mutual funds; and business insurance, including business liability, professional service, auto service/repair, and business umbrella insurance products. In addition, the company provides mobile homes, travel ...

6301 Owensmouth Avenue

Woodland Hills, CA 91367

United States

Founded in 1927

7,935 Employees

Phone:

323-932-3200

Fax:

323-932-3101

Key Executives for Farmers Group, Inc.

Chief Executive Officer and President
Age: 59
Chairman and Group Chief Risk Officer of Zurich Insurance Group AG
Age: 57
Chief Financial Officer and Executive Vice President
Chief Operations Officer
Senior Vice President, Director and President of Farmers Business Insurance
Age: 71
Compensation as of Fiscal Year 2016.

Farmers Group, Inc. Key Developments

Farmers Insurance Offers Innovative New Food Truck Insurance Product in California

Farmers Insurance announced the launch of an innovative food truck insurance policy in California, marking the company's first official foray into the growing food truck insurance marketplace. Through its new offering, Farmers has begun to offer licensed food truck owners a single policy that combines elements of commercial automobile coverage for their truck with a restaurant business owner policy. Over the course of 2016, Farmers has introduced food truck insurance policies in a total of 29 states, with California being the last state. The food truck policy is now available in 29 states. The innovative Farmers food truck policy will offer food truck owners the option to obtain coverage for their truck or a truck attached to the stand-alone store. Currently, food truck owners are often left to work with a complex mixture of separate policies, including commercial auto, business owner and restaurant policies provided by different insurers. By combining coverages into a single food truck policy, mobile food entrepreneurs now have the option to select one policy for their food business on wheels. With this new policy offering, Farmers aims to solve the growing need for a single food truck policy that combines elements of a restaurant, business owner and commercial auto policy into one.

Tom Rogers Joins Farmers Group, Inc. as Chief Investment Officer

Farmers Group, Inc. announced Tom Rogers has joined the organization as Chief Investment Officer effective December 1. Rogers spent the past 15 years at Zurich Insurance in various roles including the appointment as Chief Investment Officer for Switzerland in 2015. Prior to Zurich, he held various executive positions at Fortis and at Merrill Lynch.

Farmers Insurance Begins Offering Rideshare Insurance Coverage for Ride-Hailing Drivers in Oregon

Farmers Insurance announced the introduction of its new Rideshare Insurance Coverage, which is designed to make Rideshare Insurance Coverage options available for ride-hailing drivers in Oregon. With the introduction of Rideshare Insurance Coverage in Oregon, Farmers is now offering this innovative coverage in 28 states. The new Farmers Rideshare Insurance Coverage can provide Farmers customers coverage when a driver turns on the ride-hailing application and during the time the driver is awaiting a match. The Farmers Rideshare Insurance Coverage will extend a driver's Farmers auto insurance coverage until they accept a ride, at which point their TNC affiliate's commercial insurance coverage would apply. Farmers Rideshare Insurance Coverage enables a driver to select the coverages they'd like; including comprehensive and collision coverage that can pay for damages to their own vehicle, uninsured/underinsured motorist coverage (in case they are hit by a driver who isn't insured or is underinsured) and Medical Payments coverage.

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Recent Private Companies Transactions

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