LITTLE ROCK – April 16, 2020 – The Farm Bureau Insurance companies are offering a variety of financial assistance measures in response to unexpected hardships for their customers and the communities they serve due to the coronavirus (COVID-19) outbreak — including a one-time estimated premium credit of $30 million to policyholders, and donation of $2.3 million to local food banks across its six-state footprint.
“Farm Bureau Insurance regularly responds to the needs of our customers when storm events occur, and we think it is appropriate that Farm Bureau help all Arkansas communities during these tough economic times,” said David Moore, senior vice president and general manager of Farm Bureau’s insurance companies in Arkansas.
The Farm Bureau Insurance companies are distributing a one-time credit to all personal auto policyholders. This special credit is based on 15 percent of two months auto premium paid for each vehicle covered—an estimated value of about $30 million. No action needs to be taken by the customer to receive this special assistance. The Farm Bureau Insurance companies will simply credit their customers’ next invoice after the program begins.
Farm Bureau’s founding mission is to support the families that put food on our tables. In an effort to hold true to its core values by providing relief to their communities in a time of need, the Farm Bureau Insurance companies have jointly decided to donate $2.3 million to local food banks across its six-state footprint.