Adapting to Change – 2023 Annual Report

The 2023 Annual Report is now available. Looking back at the last year, there were many challenges and obstacles facing Farmers Alliance and our entire industry. Inflation continued to soar, driving claim costs to all-time highs. Severe convective storms raced across the country, accounting for nearly seventy percent of insured catastrophic losses. Increased reinsurance rates and retentions, along with reduced capacity, transferred significantly more volatility to primary carriers. Click the image below to read more.