My Account





CFBI

The History of Colorado Farm Bureau Insurance
Insurance is one of many services available to Members of the Colorado Farm Bureau. The insurance company, Colorado Farm Bureau Mutual Insurance Company, originated as an insurance program offered to farmers and ranchers of Colorado through the Farm Bureau Mutual Insurance Company of Kansas, with the understanding that Colorado Farm Bureau would assume control when the program became financially self supporting. In 1950, Colorado Farm Bureau Mutual Casualty Company was organized under the sponsorship of Colorado Farm Bureau. Colorado Farm Bureau Mutual Fire insurance Company was chartered in 1953 to provide property insurance. In 1956, both corporate entities merged into one company, Colorado Farm Bureau Mutual Insurance Company.

In 1953, several Western states recognized the need to sell life insurance. The Farm Bureau Members of six Western states, including Colorado, joined forces and formed a life insurance company owned by those states called Western Farm Bureau Life Insurance Company. The combination of our Mutual Company and the Life Company allowed our agents to offer a complete line of insurance products for our members. In 1994, Western Farm Bureau Life consolidated with FBL Financial Services of Iowa. This consolidation provided our agents with an even broader range of life, health and financial services for Farm Bureau Members. In 1999, Western was merged into Farm Bureau Life, a wholly owned subsidiary of FBL.

In June 2005, Colorado Farm Bureau created a wholly owned subsidiary, Colorado Farm Bureau Investment Company. This company was funded by Colorado Farm Bureau in the amount of $400,000 which was then used to purchase 666 2/3 shares of common stock in Southern Farm Bureau Casualty Insurance Company, a large Farm Bureau Insurance Company headquartered in Mississippi with over $2 billion in assets. Along with Colorado there are four other Farm Bureau stockholder states; Arkansas, Louisiana, Mississippi and South Carolina.

While all business is written in Colorado Farm Bureau Mutual Insurance Company, we cede all losses and expenses of our casualty business (Auto, GL and Umbrella) to Southern Farm Bureau Casualty Insurance Company. We have maintained an A. M. Best rating of B++ (Very Good) for our Mutual Company and Southern Casualty has a rating of A+.



Mission Statement
The Mission Statement for Colorado Farm Bureau Insurance Company is: To Add Value to Farm Bureau Membership.
It is the intent of our company to support this Mission Statement with our core values of:

Integrity ― Honesty, fairness, respect and trust are of the utmost importance in all of our dealings

Customer Service ― Our future depends on us providing customer service to the Farm Bureau Members at the very highest level in all facets of the business.

Employee Engagement ― We foster a culture that promotes excellent performance, teamwork, empowerment, leadership and growth.

Community Stewardship ― We are responsible to the communities where we live and work and support good works whenever we can.



Vision Statement
To be a Dynamic Top-rated insurance company Aggressively doing business in All Colorado markets while retaining the #1 position in the Rural Market.

The company will have a Positive corporate culture that provides not only Top-notch products and services in a Cost Effective manner to its policyholders, but also provides an Excellent Environment for its employees and agents to Flourish in both their professional and personal lives.



Last Updated:
March 2, 2010 9:06 AM
 
Home  |  Resource Center  |  Career  |  Contact  |  Privacy  |  Legal
Copyright © 2009 Colorado Farm Bureau Mutual Insurance Company     Protecting the Colorado Way of Life