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Farmers Insurance

Farmers Insurance to reinsure policies for fintech Jetty

24th June 2020

Jetty, a fintech company thatĀ helps property managers increase lease conversion, reduce bad debt, and streamline operations, has announced a new deal with Farmers Insurance. Under the terms of the deal, Toggle Insurance Company, a Farmers Insurance company, will become the exclusive reinsurance provider for all new policies written under Jetty's core ... Read the full article

Chris Flint named President of Farmers New World Life Insurance Company

17th April 2020

US primary insurer Farmers Insurance has announced the appointment of Chris Flint as President of Farmers New World Life Insurance Company. Flint will join the company and take up his new position on April 20, 2020. He will report directly to Steve McAnena, President of Distribution, Life and Financial Services, and will ... Read the full article

National General acquires QBE North America’s National Farmers Union

5th August 2019

National General Holdings Corp. has completed its previously announced acquisition of National Farmers Union Property and Casualty Company (National Farmers Union Insurance) from QBE North America. The purchase price for this deal was $52.8 million subject to customary post-closing adjustments. The firm explains that the change in the closing purchase price ... Read the full article

Australian insurers propose new measures to support drought-affected farmers

29th October 2018

The Insurance Council of Australia (ICA) has lent its support to a series of proposals designed to improve the uptake of farm income and crop insurance for primary producers in Australia. Rob Whelan, Chief Executive Officer of the ICA, said that access to better data, removing unfair taxes, and introducing incentives ... Read the full article

African farmers receive pay-outs of $1.5mn following drought

14th May 2018

Smallholder farmers under the R4 Rural Resilience Initiative (R4) climate risk management scheme have received pay-outs of US $1.5 million following poor rainfall in Ethiopia, Kenya, Malawi, Senegal, and Zambia. The R4 scheme, which was launched in 2011 by the United Nations World Food Programme (WFP) and Oxfam America, is designed ... Read the full article

Spanish farmers renew Meteo Protect weather cover following 2017 heatwaves

26th April 2018

Meteo Protect is to provide parametric weather re/insurance for the second year running to 22,000 olive farmers in Spain following record-breaking temperatures during the summer of 2017. The Agricultural Association of Young Farmers (Asaja), which is the largest professional agricultural association in Spain, will provide the insurance, which protects olive fields ... Read the full article

Swiss Re joins global alliance to support smallholder farmers

25th April 2018

Swiss Re Corporate Solutions has launched a new global initiative in collaboration with World Bank Group member IFC, pharmaceutical and life sciences company Bayer, and irrigation manufacturer Netafim, which aims to support smallholders grow their farms into sustainable, commercially viable businesses. The initiative, called Better Life Farming, will offer risk transfer ... Read the full article

Reinsurers to pay most of Farmers $1.2bn Northern Cali wildfire bill

15th December 2017

Farmers Insurance has announced that it's received more than 4,000 claims from the Northern California wildfires, with an estimated total cost of $1.2 billion, the majority of which will be passed onto its reinsurers. The California Department of Insurance announced recently that insurance claims filed in relation to the October ... Read the full article

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