Farmers Group Lowers Rates for Kan. Homeowners

July 18, 2003

Farmers Insurance Group® announced they are reducing homeowners rates in the state of Kansas.

Farmers' policyholders in Kansas were to see a rate decrease of .7 percent effective July 1. Actual savings will vary depending on location, value of the home and age of the home. Farmers has also expanded the number of customers that qualify for their best rate.

"Improved loss results and a favorable regulatory environment have allowed us to pass the savings on to the customer," said Frank Soldano, Farmers' Kansas State Executive Director. "We are pleased we can give something back to our customers. This rate reduction plus the increased discounts will add up to more savings for our customers," added Soldano.

For example, customers that live in the Topeka area will see up to a 21.7 percent reduction. Customers that live in the Kansas City area will see up to an 8.4 percent reduction and customers in Emporia will see up to a 13 percent reduction.

Farmers Insurance is the third-largest insurer in Kansas with over 235,000 autos and 80,000 homes insured. Farmers is the largest insurance industry employer in the state with over 1,800 employees. Farmers also has one of only two national Claims Processing Centers located in Olathe.

URL: www.insurancejournal.com/news/newswire/midwest/2003/07/18/30747.htm