Farmers Insurance Company of Flemington to Sponsor 2021 CEA Turkey Trot

FLEMINGTON, NJ.  March 3, 2021 – Farmers Insurance Company of Flemington, a leading Property & Casualty insurer headquartered in Hunterdon County, will be the official Bib Sponsor for the 2021 CEA Turkey Trot to take place on Thanksgiving Day in Flemington.   This fun community event helps raise funds to support the Center for Educational Advancement (CEA), a non-profit (501c3) community-based organization with the mission to Educate, Empower and Employ individuals with special needs.

“We are very pleased to renew our sponsorship of the CEA this year.” said Scott St. Angel, President & CEO of Farmers.  “We support the CEA’s mission and appreciate all they do for our community.   Plus, the Turkey Trot is a wonderful Flemington tradition and a great way to start Thanksgiving!”

Farmers is also sponsoring the CEA’s annual Spring Training 5k and the fall Golf Classic fundraisers.  To learn more about these fun community events and how you can help support the CEA, visit their website at:  https://cea-nj.org/.

 

About CEA

Since 1970, the Center for Educational Advancement (CEA) has been providing caring support and guidance to people with special needs through programs that empower, enrich, and inspire.  Since its founding, the CEA has assisted over 4,400 individuals and their families.

 

About Farmers Insurance Company of Flemington

Farmers Insurance Company of Flemington is a Mutual Property and Casualty insurance company that has been protecting New Jersey homes and businesses since 1856.  The company is rated A-, Excellent by AM Best.   To learn more or locate a Farmers Agent, visit the company’s website at www.farmersofflemington.com

 

2020 Toys for Tots Collection Under Way in Flemington

 

FLEMINGTON, N.J. – Farmers Insurance Company of Flemington is teaming up with the US Marine Corps Reserve to support their annual Toys for Tots drive as a drop-off site.

New, unwrapped toys may be dropped off any time before December 9th at the Farmers of Flemington building located at 23 Royal Road in Flemington from 8:00am to 4:00pm M-F.  Cash donations will also be accepted in lieu of toys.

“We love hosting Toys for Tots every year. It’s a wonderful tradition and it feels great to know we’re helping a lot of kids have a brighter Holiday,” said Scott St. Angel, President of Farmers. “With the Pandemic this year, the need is greater than ever so please stop by and drop off a toy.  After all, bringing joy to others, especially kids, is really what the Holiday Season is all about.”

 

About Toys for Tots

Since 1947, the US Marine Corps Reserve’s Toys for Tots has been collecting new toys, which are then distributed to needy children in their respective communities. For more information about Toys for Tots, click here.

About Farmers Insurance Company of Flemington

Founded in 1856, Farmers Insurance Company of Flemington is a Mutual Property and Casualty insurance company that has been protecting New Jersey homes and businesses for over 160 years. The company is rated A-, Excellent by AM Best. More information is available on the company’s website at www.farmersofflemington.com.

Farmers of Flemington Sponsors Hunterdon Strong

FLEMINGTON, N.J. – Farmers Insurance Company of Flemington is proud to sponsor the Hunterdon Strong Community Challenge by donating $5,000 in support of our local first responders and non-profits.

 

The 26 municipalities within Hunterdon County have challenged each other to raise money in support of these community organizations.  The money raised will be distributed equally among the participating organizations:

• America’s Grow-a-Row
• Family Promise of Hunterdon County
• Flemington Area Food Pantry
• Hunterdon County First Responders
• Hunterdon County YMCA
• Hunterdon Healthcare Foundation
• Hunterdon Helpline
• Meals on Wheels in Hunterdon
• Norwescap
• Prevention Resources
• Safe in Hunterdon
• United Way of Hunterdon County

We hope you will join us in supporting our community and these fine organizations that help make Hunterdon County such a great place to live and work.  Because of COVID-19, the need has never been greater so please check out the Hunterdon Strong website at https://hunterdonstrong.org/ to find out what you can do to help.

Thank you!!!

Financial Strength Rating Upgraded AM Best

FLEMINGTON, NJ – Farmers Insurance Company of Flemington announced today that its Financial Strength Rating (FSR) has been upgraded to A- (Excellent) by AM Best Rating Services, the world’s oldest and most authoritative insurance rating and information source.  The company’s Issuer Credit Rating (ICR) was also upgraded to “a-, Excellent” and the outlook for both ratings is Stable.

“We’ve worked very hard to improve every aspect of our business to enhance our financial strength and better serve our Policyholders,” said Scott St. Angel, President & CEO of Farmers. “We believe the upgrade to the A- rating reflects the success of those efforts.”

According to AM Best, the rating upgrades were prompted by the favorable trends in Farmers’ balance sheet, which AM Best characterizes as “very strong.” In addition, the company has significantly reduced its catastrophe exposure and demonstrated operating results that compare favorably with the rating agency’s composite of similar property and casualty insurers.

“This upgrade is a meaningful acknowledgement of the work that has been done by our team in partnership with our Independent Agents,” Mr. St. Angel added. “Earning an upgrade is no easy task and we are proud to have advanced from a B+ to an A- rating in just five years. We are excited for the future as we continue to improve our products and services for the benefit of our Policyholders.”

About Farmers Insurance Company of Flemington

Farmers Insurance Company of Flemington is a mutual property and casualty insurance company focused exclusively on the New Jersey market.  Established in 1856, Farmers of Flemington offers its personal and commercial insurance products through a network of professional Independent Insurance Agents who provide service, advice and advocacy to its Policyholders. The Company is rated A- (Excellent) with a stable outlook by AM Best. More information is available on the company’s website at: www.farmersofflemington.com.

AM Best Upgrades Ratings of Farmers Insurance Company of Flemington

OLDWICK, N.J. – AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Farmers Insurance Company of Flemington (FICF) (Flemington, NJ). The outlook of these Credit Ratings (ratings) is stable.

 

The ratings reflect FICF’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.The rating upgrades are the result of favorable trends in FICF’s balance sheet strength, including improved risk-adjusted capitalization, decreased common stock leverage and consistently favorable loss reserve development. AM Best’s balance sheet strength assessment of very strong is supported by FICF’s risk-adjusted capitalization being at the strongest level, along with favorable liquidity measures and moderate catastrophe exposure net of reinsurance. These positive factors were hindered somewhat in past years by elevated tail-risk exposure and underwriting leverage ratios, both of which have continued to display improvement in recent years.


This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

David Braisted
Financial Analyst
+1 908 439 2200, ext. 5120
david.braisted@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Kenneth E. Tappen
Senior Financial Analyst
+1 908 439 2200, ext. 5248
kenneth.tappen@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Farmers Insurance of Flemington Donates $5,000 to the Hunterdon Healthcare Foundation

 

FLEMINGTON, N.J. – Farmers Insurance Company of Flemington has contributed $5,000 to the Hunterdon Healthcare Foundation’s COVID-19 relief fund.  The money is intended to purchase supplies such as video baby monitors to help the medical staff monitor COVID patients while conserving their limited Personal Protective Equipment (PPE).

 

Right now our doctors, nurses and hospital staff are working hard and putting themselves at risk 24/7 to battle the Coronavirus,” said Farmers President & CEO, Scott St. Angel. “As part of the Hunterdon community, we truly appreciate their efforts and we wanted to do something to help.”

 

Click here to learn more about how you can help the team at Hunterdon Medical Center.  To make a donation, you can visit the COVID-19 Support Fund page at (908) 788-6141.

 

 

About the Hunterdon Healthcare Foundation

Click here to learn more about the Hunterdon Healthcare Foundation.

About Farmers Insurance Company of Flemington

Founded in 1856, Farmers Insurance Company of Flemington is a Mutual Property and Casualty insurance company that has been protecting New Jersey homes and businesses for over 160 years. The company is rated A-, Excellent by AM Best. More information is available on the company’s website at www.farmersofflemington.com.

Farmers Insurance Co. of Flemington Collecting Toys for Marine Corps Reserve

FLEMINGTON, NJ – Farmers Insurance Co. of Flemington has teamed up with the US Marine Corps Reserve to support the annual Toys for Tots drive as a drop-off site.

Anyone  who would like to help a child in need have a special Holiday is encouraged to drop off new, unwrapped toys at the Farmers of Flemington building located at 23 Royal Road in Flemington.  Toys may be dropped off between 8:00am and 4:00pm M-F through Dec. 9th.  Cash donations will also be accepted in lieu of toys.

“Our company has participated with Toys for Tots for many years and we’re pleased to be an official drop-off location again this year,” said Scott St. Angel, President of Farmers.  “We think it’s a great tradition and it allows us to give back to the community.   Bringing joy to others, especially kids, is really what the Holiday Season is all about.”

Since 1947, the US Marine Corps Reserve’s Toys for Tots has been collecting new toys, which are then distributed to needy children in their respective communities.  For more information about Toys for Tots, visit www.toysfortots.org.

Founded in 1856, Farmers Insurance Company of Flemington is a Mutual Property and Casualty insurance company that has been protecting New Jersey homes and businesses for over 160 years.  More information is available on the company’s website at www.farmersofflemington.com.

A.M. Best Upgrades Issuer Credit Rating of Farmers Insurance Company of Flemington

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Farmers Insurance Company of Flemington (FICF) (Flemington, NJ). The outlook for these Credit Ratings (ratings) remains stable.



The ratings reflect FCIF’s strong balance sheet strength, as well as adequate operating performance, limited business profile and appropriate enterprise risk management.



The rating upgrade is based on the improvement in FCIF’s risk-adjusted capitalization and continued improved operating results. FCIF enhanced its catastrophe reinsurance coverage in 2018 to further shield capital from severe events. Additionally, the company’s underwriting leverage position has improved as a result of organic surplus growth, which has outpaced premium growth over the past five years. Furthermore, FCIF continues to report favorable reserve development.



The positive rating factors are offset by the company’s limited scale and geographical diversification. A number of the company’s leverage metrics compare unfavorably with composite averages, due to the company’s unique blend of personal property and commercial business. In addition, the company maintains a somewhat elevated common stock leverage position, although the position has decreased compared to their historical averages.



This press release relates to Credit Ratings that have been published on A.M. Best’s website.



For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Dan Hofmeister, +1-908-439-2200, ext. 5385

Financial Analyst

dan.hofmeister@ambest.com
or

Kenneth E. Tappen, +1-908-439-2200, ext. 5248

Senior Financial Analyst

kenneth.tappen@ambest.com
or

Christopher Sharkey, +1-908-439-2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com
or

Jim Peavy, +1-908-439-2200, ext. 5644

Director, Public Relations

james.peavy@ambest.com