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Article: Farm Bureau Mutual Insurance Company Announces Plan to Form Mutual Holding Company.
- Article from:
- Insurance Weekly News
- Article date:
- October 2, 2009
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Farm Bureau Mutual Insurance Company announced that its Board of Directors has unanimously approved a plan of reorganization under which the company (Farm Bureau Mutual) will reorganize into a mutual holding company structure. The plan is subject to approvals by the Iowa Insurance Commissioner and the company's policyholders.
With the required approvals, Farm Bureau Mutual will form a mutual insurance holding company to be named Farm Bureau Mutual Holding Company (MHC), and Farm Bureau Mutual will be reorganized as a stock property and casualty insurance company named Farm Bureau Property & Casualty Insurance Company. Farm Bureau Mutual will also organize an ...