The Farm Bureau Insurance companies are offering a variety of financial assistance measures in response to unexpected hardships for their customers and the communities they serve due to the coronavirus (COVID-19) outbreak — including a one-time estimated premium credit of $30 million to policyholders, and donation of $2.3 million to local food banks across its six-state footprint.
Southern Farm Bureau Casualty Insurance Company is a leading provider of property and casualty insurance in Arkansas, Colorado, Florida, Louisiana, Mississippi, and South Carolina.
“Farm Bureau Insurance regularly responds to the needs of our customers when storm events occur, and we think it is appropriate that Farm Bureau help all Arkansas communities during these tough economic times,” said David Moore, senior vice president and general manager of Farm Bureau’s insurance companies in Arkansas. “Insurance is a safety net designed to provide people comfort and peace of mind in the face of adversity — and now more than ever, people need to feel that peace. These are some of the ways the Farm Bureau Insurance companies can give back to the communities we serve, and we are happy to fulfill that obligation of service.”
The Farm Bureau Insurance companies are distributing a one-time credit to all personal auto policyholders. This special credit is based on 15 percent of two months auto premium paid for each vehicle covered—an estimated value of about $30 million. No action needs to be taken by the customer to receive this special assistance. The Farm Bureau Insurance companies will simply credit their customers’ next invoice after the program begins.
Farm Bureau’s founding mission is to feed and support the families that put food on our tables. In an effort to hold true to its core values by providing relief to their communities in a time of need, the Farm Bureau Insurance companies have jointly decided to donate $2.3 million to local food banks across its six-state footprint.
About Arkansas Farm Bureau Insurance Farm Bureau Mutual Insurance Company of Arkansas, Inc. and Southern Farm Bureau Casualty Insurance Company are two of the largest writers of property and casualty insurance in the state of Arkansas. We have insurance agents and adjusters in every county of the state to help meet the needs of our policyholders. This strong local presence throughout Arkansas combined with excellent capitalization and solid operating results have earned an Excellent rating with A.M. Best.