Farmers, Ulico Enter Exclusive Agreement

March 22, 2001

Farmers Insurance Group has signed an exclusive agreement to offer its products and services to labor union members through local and national union leadership affiliated with Ulico Insurance Group.

“We are honored and excited about providing union members and their families complete home and auto insurance solutions and offering advice-based services,” said Martin D. Feinstein, chairman and CEO of Farmers. “Our community-based agents are perfectly positioned to build personal, face-to-face relationships directly with union members.”

Farmers and Ulico will each dedicate resources to the alliance through a management committee. Pilot programs will be developed for several states that have yet to be determined and initial services could begin as early as June of this year.

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