The Farm Bureau Mutual Insurance Company of Arkansas, Inc. turns 70 on Tuesday, March 3, a testament to a local presence in each of Arkansas’s 75 counties and a commitment to customer service and client satisfaction.
An employee celebration is scheduled at the Farm Bureau Center in Little Rock.
“Farm Bureau started the property insurance business to provide stability and security for its members,” said David Moore, executive vice president and general manager of the Farm Bureau Mutual Insurance Company of Arkansas, Inc. “I believe we have delivered that over the 70-year history of the organization.”
“We like to say we are Arkansas’s insurance company. We are very proud of the fact that we are the largest Arkansas-based property insurance business.”
Farm Bureau Mutual Insurance Company of Arkansas, Inc. has the second-largest market share for property insurance coverage in the state.
“Our business is based on relationships, with local agents, local adjusters in every county in Arkansas,” Moore said. “Delivering business through that local channel is what separates us from other insurance businesses in this state.”
“Our active local presence throughout Arkansas, combined with our excellent capitalization and solid operating results, have earned us an ‘excellent’ rating with A.M. Best, the only global credit rating organization with a unique focus on the insurance industry.”
The Farm Bureau insurance companies were formed by a group of Farm Bureau Federation leaders who shared a vision for providing better service to their members, including cost-effective insurance rates. Farm Bureau Insurance has been developing new products and services ever since, all to meet the changing needs of Arkansans.
As an example, Farm Bureau Insurance has developed over the past three years a product targeted at its clients involved in agriculture. The Ag Promise® farm insurance policy covers farm structures, personal property and liability.
“We make it a point to understand the complexity of the risks our customers face and provide them products that help secure their most meaningful family investments,” Moore said. “Our property business is a critical connection to meeting families needs, and fits hand-in-glove with our other lines of business, including life insurance and auto coverage, along with the health insurance coverage we market in partnership with Arkansas Blue Cross and Blue Shield. The Farm Bureau Mutual Insurance Company of Arkansas, Inc. is celebrating 70 years of business in Arkansas, the place we call home, and this is a great testament to our employees and our customers.”