Property and casualty insurer Farmers Alliance Mutual Insurance Co. will accept no new customers in New Mexico and will not renew existing customers’ policies, impacting some 7,000 policyholders, according to the Albuquerque Journal. A spokesperson for the company said the decision was based on profitability, adding the company has paid more in New Mexico to cover losses than it has taken in in premiums.
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds 
Former Insurance Agent Sentenced to Jail for Fraud, Again 
OpenAI Finds Evidence Other AI Agents Escaped Containment as it Widens Probe 
State Farm to Begin Issuing Dividend Payments to Louisiana Drivers From This Issue
