The Farmers Insurance Group of Companies was founded in 1928 when Farmers Insurance Exchange, an automobile insurer, was formed. As customer demand for additional insurance services increased, the Fire Insurance Exchange and Truck Insurance Exchange were established for home and commercial insurance needs.
Today, the Farmers Insurance Group of Companies, is the country's third-largest writer of both private passenger automobile and homeowners insurance. Farmers Insurance Group of Companies is based in Los Angeles, California, and operates in 41 states across the country through the efforts of approximately 18,000 employees. Our agents, independent contractors and independent agents, along with Farmers employees, are responsible for servicing more than 15 million customers.
Farmers Group, Inc., is a provider of insurance management services and a holding company. Acting under the dba Farmers Underwriters Association, and with its wholly-owned subsidiaries, Truck Underwriters Association and Fire Underwriters Association, they act as the attorneys-in-fact for three reciprocals or interinsurance exchanges - Farmers Insurance Exchange, Truck Insurance Exchange and Fire Insurance Exchange. The management company is not, however, an owner of these insurers. In addition, Farmers Group, Inc., is a life insurance holding company of the Farmers New World Life Insurance Company. Foremost Insurance Company, located in Michigan, was acquired in March 2000. It leads the industry in insuring specialty products such as mobile homes, motor homes, travel trailers and specialty dwellings. Farmers New World Life Insurance Company, headquartered in Mercer Island, Washington, offers a wide range of products from a fully flexible universal life product to traditional term and whole life plans and annuities marketed by Farmers agents
Since our founding in 1928, we have been committed to improving the communities where our customers, agents and employees live and work. Investing in our communities is nothing new to Farmers. We have been proud, active partners in bettering the lives of our neighbors across the country for many decades. We continue to invest considerable resources in programs that improve safety, enhance educational opportunity, and increase civic participation in communities across America.
In addition to our institutional support for these causes, we are undeniably proud of the thousands of Farmers agents and employees who generously contribute additional dollars and hours of volunteer time to organizations in their neighborhoods. In 2000 alone, more than 15,000 Farmers people donated more than 75,000 volunteer hours and raised more than $1.5 million for worthy causes, above and beyond Farmers corporate giving of $2.1 million. Farmers has committed much to special initiatives which enhance the ability of our nation's teachers to engage students in becoming better citizens. In partnership with the National Council for the Social Studies, Farmers created The American Promise program in 1995. Through its citizenship education curriculum and videos, more than 100,000 teachers have been able to share with their students the inspiring stories of citizens throughout the country who are improving their own communities. Farmers believes every American is enriched by the many contributions made by diverse groups and cultures in the United States.
To promote understanding, Farmers has created a program honoring Hispanic culture called Young Americanos. Young Americanos is a reflection of our commitment to the Latino community and to strengthening the bridges of communication and understanding among all the diverse cultures that make up the United States.
Here is a quick look at the major benefits available to employees of the Farmers Insurance Group of Companies. In addition to these benefits, the companies also provide employees with sick pay, vacation, holidays, personal days, tuition aid, Credit Union services, and much more.
-Profit Sharing Employer-funded Profit sharing plans.
-Pension Plan Employer-funded plan that provides a monthly benefit when you retire from one of the Farmers Companies.
-Medical Coverage Traditional Indemnity Plans. HMO's: available in most areas. Dental Dental Plan provides diagnostic, preventative and other dental services.
-Vision Vision plan provides eye examinations, eye glasses and contact lenses.
-Options Plus Accounts Health Care and Dependent Day Care Accounts - Reimburses you for health care and dependent day care expenses with tax free dollars.
-Life Insurance $10,000 Basic Life Insurance with supplemental Life Insurance up to 5x pay also available. Accident (AD&D) Insurance $10,000 Basic Accident (AD&D) Insurance with supplemental AD&D Insurance up to 5x pay also available.
-Dependent Life Insurance Spouse Life Insurance up to $50,000. Child Life Insurance up to $10,000. EAP Employee Assistance Program provides counseling sessions and a 24-hour hotline for personal and family problems. Long-Term Disability Employer-funded plan that provides a monthly benefit equal to 60 percent of salary to eligible employees who become totally disabled.