September 28, 2016 8:59 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, and motor home 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 trailers, an...

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 Announces the Launch of Innovative Food Truck Insurance Policy in Washington

Farmers Insurance announced the launch of an innovative food truck insurance policy in Washington, 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 commercial automobile coverage for their truck with a restaurant business owner policy. Washington is one of the first 16 states where the policy is now available to food truck entrepreneurs and restaurateurs. Over the course of 2016, Farmers will introduce similar food truck package policies in a total of 28 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 these disparate 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 the elements of a restaurant, business owner and commercial auto policy into one. Farmers is making it simple for food truck owners to quickly and easily select the coverage they want by calling their local Farmers agent. Additionally, food truck entrepreneurs currently insured with other carriers can contact Farmers at the following toll-free number: 1-800-FARMERS, as well as visit Farmers.com to learn more about this innovative coverage through Farmers.

Farmers Insurance Announces Launch of an Innovative Food Truck Insurance Policy in Nevada

Farmers Insurance announced the launch of an innovative food truck insurance policy in Nevada, 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 commercial automobile coverage for their truck with a restaurant business owner policy. Nevada is one of the first 16 states where the policy is now available to food truck entrepreneurs and restaurateurs. Over the course of 2016, Farmers will introduce similar food truck package policies in a total of 28 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 these disparate 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 the elements of a restaurant, business owner and commercial auto policy into one. Farmers is making it simple for food truck owners to quickly and easily select the coverage they want by calling their local Farmers agent. Additionally, food truck entrepreneurs currently insured with other carriers can contact Farmers at the following toll-free number: 1-800-FARMERS, as well as visit Farmers.com to learn more about this innovative coverage through Farmers.

Farmers Insurance Announces Launch of Innovative Food Truck Insurance Policy in Texas

Farmers Insurance announced the launch of an innovative food truck insurance policy in Texas, 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 commercial automobile coverage for their truck with a restaurant business owner policy. 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 these disparate coverage's 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 the elements of a restaurant, business owner and commercial auto policy into one.

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Recent Private Companies Transactions

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