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.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Experian Launches Insurance Marketplace App on ChatGPT From This Issue
