Tuesday Farm Bureau Mutual Insurance Company officially acquired Des Moines, Iowa-based Crop1 Insurance Direct, Inc.
Crop1 is a wholly-owned subsidiary of Farm Bureau Mutual Insurance Company, one of three property-casualty insurance companies managed by FBL Financial Group, Inc., an insurance and financial services holding company based in West Des Moines.
Billy Rose, chief executive officer for Crop1 Insurance, says the "transaction allows Crop1 to offer a savings to more crop producers across a broader geography." Crop1 plans to conduct business in the following 21 states during the 2006 crop year: Arizona, California, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, North Dakota, Nebraska, New Mexico, Ohio, Oklahoma, Oregon, South Dakota, Texas, Washington and Wisconsin.