The Farmers Insurance Group of Companies is a personal lines property and casualty insurance group providing homeowners insurance, auto insurance, life insurance, and financial services in the United States. It is the third largest insurance group in the US servicing over 10 million households in 41 states. While Farmers is a wholly owned subsidiary of Zurich Financial Services, it is locally headquartered in Los Angeles, California.
Structure
Farmers Insurance Group of Companies is composed of a holding company and the various underwriters, reciprocal inter-insurance exchanges, and smaller companies associated with it.
Farmers Group, Inc. is the holding company and provides insurance management services. It acts under the dba Farmers Underwriters Association. Together with its wholly owned subsidiaries, Truck Underwriters Association and Fire Underwriters Association, they act as the attorneys-in-fact for three reciprocal inter-insurance exchanges — Farmers Insurance Exchange, Truck Insurance Exchange, and Fire Insurance Exchange. However, the Farmers Group, Inc. management company is not an owner of these reciprocal inter-insurance exchanges.[6] The exchanges own several other insurance companies and insurance holding companies, including Mid-Century Insurance Company, Foremost Insurance Company, and Bristol West Insurance Group, as well as Farmers Financial Solutions, LLC, a registered broker-dealer. In this structure, the exchanges hold the insurance risk, while Farmers Group, Inc. earns management fees by running the exchanges’ affairs. The only exception is Farmers New World Life Insurance Company, a life insurer owned directly by Farmers Group, Inc.
Farmers New World Life Insurance Company started as New World Life Insurance Company in 1910. It was acquired by Farmers in 1953 and provides insurance products including flexible universal life insurance, traditional term life insurance, whole life insurance, and annuities.
Farmers Financial Solutions, LLC. was created by Farmers in 2000 to provide financial products to customers.
Foremost Insurance Company was acquired in March 2000 and provides specialty insurance including mobile homes, motor homes, travel trailers and specialty dwellings.
Bristol West Insurance Group, based in Davie, Florida, was acquired in July 2007. In 1973, it began providing private passenger auto insurance to residents in Florida and now provides liability and physical damage insurance – focusing exclusively on private passenger vehicles across the United States.
Products
Auto insurance – Farmers provides auto insurance coverage for autos and collective automobiles.
Motorcycle insurance – Farmers provides motorcycle insurance coverage through their Foremost Insurance Group.
Home insurance – Farmers provides insurance for homes, condominiums, and mobile/manufactured homes. Farmers also provides special coverage for renters, earthquakes, floods, and identity theft.
Life insurance – Farmers provides term, whole, and universal life insurance. Life annuities are also issued by their Farmers New World Life Insurance Company.
Recreational insurance – Farmers provides insurance coverage for boats, ATVs, RVs, and travel trailers.
Financial services – Farmers provides mutual funds, variable annuities, and variable universal life insurance through Farmers Financial Solutions, LLC.
Business insurance – Farmers provides business insurance coverage for landlords and commercial property owners, contractors, condominium homeowner associations, and businesses in the manufacturing, service, restaurant, retail, wholesale, and auto service & repair industry

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