State Farm General bought a total of $2.2 billion worth of homeowners reinsurance from multiple parties from 2014-23. It received $400 million back to cover claims, recovering a little less than ...

AM Best Downgrades Credit Ratings of Farm Mutual Reinsurance Plan Inc. July 08, 2022 02:53 PM Eastern Daylight Time. OLDWICK, N.J.-- ...

AM Best Revises Outlooks to Negative for Farm Mutual Reinsurance Plan Inc. August 04, 2020 01:06 PM Eastern Daylight Time. OLDWICK, N.J.-- ...

Speaking during debate on Senate Bill 765, State Rep. Jeff Keicher extolled the importance of the legislation to ensure farm mutual insurance companies have access to reinsurance to protect ...

Farm Mutual Reinsurance Plan Inc. (FMRP) is Canada’s first Canadian-owned Reinsurance Company. Formed in 1959 by Farm Mutual Insurance Companies from across Canada, ...

AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Farm Mutual Reinsurance Plan Inc.. The outlook of these ...

State Farm General also has already received significant home insurance rate increases, including a 6.9% boost in January ...

Read more: California's home insurance crisis: What went wrong, how it can be fixed and what owners can do "Reinsurance is a main reason State Farm is asking for its massive 30% rate hike — but ...