Rain and Hail LLC and Farm Bureau Mutual Insurance Company announced late last week that Rain and Hail will service FBMIC crop insurance business starting with the 2010 crop season.
Under the agreement, as outlined in a media statement, Rain and Hail will be the Managing General Agent for FBMIC policies written on Western Agricultural Insurance Company paper, and will perform all aspects of servicing the Multiple Peril Crop Insurance, Livestock, Crop Hail and specialty crop insurance products written by FBMIC, captive and independent agency forces.
The arrangement must await appropriate regulatory approvals.
Plans are in place for agents and policy holders to move to the Rain and Hail system and support structure once the agreement is in place. For more information, contact your FBMIC or Rain and Hail agent.