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.
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Lawyer for Prominent Texas Law Firm Among Victims ID’d in Maine Plane Crash 
