The boards of Missouri-based mutual insurance companies, CFM Insurance Inc. and Farmers Mutual Insurance Company of Grundy County, have approved a plan to merge the two companies.
Pending formal approval by Missouri Department of Insurance Director John Huff, all FMIC of Grundy County polices will transfer over to CFM, effective Jan. 1, 2017.
FMIC of Grundy County has been in operation since 1895, and CFM has insured Missouri families and businesses since 1869, with $20 million in written premium and over 21,000 policyholders.
With this merger, the united companies will become one of the strongest and oldest mutual legacies in the state of Missouri, bringing numerous advantages for policyholders, including stronger policy coverages, rate stability, and reduced reinsurance costs.
Source: CFM Insurance Inc.
Topics Agribusiness Missouri
Was this article valuable?
Here are more articles you may enjoy.
Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion 
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds 
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
