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.
Air Taxi Service Across Parts of Florida Moving Closer to Reality 
Farmers Looks to Make it Easier for Consumers to Understand Insurance 
Walmart Removes Four Taylor Farms Salads as Recalls Spread 
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls 
