History of Farmers Union

National Farmers Union Insurance - Building Stronger Communities

A Company Built on Integrity

Corporate Accounts traces its history back to 1966 when a special, multi-line coverage program was developed for agri-business supply cooperatives. In 1969, a similar package policy was developed for rural electric and telephone cooperatives. The Telecommunications Insurance Plan (TIP) has changed many times through the years to closely follow the telecommunications industry, and rural utilities are the core market niche for FUI's Corporate Accounts Division.Special Accounts Division was formally created in 1971 when the rural utilities block of business was split off from the Commercial Division. Special Accounts grew rapidly and by the late 1970's was one of the largest writers of rural utilities in the country.

In 1985 a complete restructuring of the Division was undertaken to re-identify the market niches to be served and provide better, more focused service. The TIP policies were completely updated and rewritten and a surety bond program was started. The TIP was redesigned to exclusively meet the unique needs and exposures of rural telephone and cable television companies. In 1989, Special Accounts was renamed Corporate Accounts to better reflect its activities. Corporate Accounts employs distinctive marketing and service capabilities. Our specially trained Account Executives focus exclusively on marketing and servicing the TIP product. Corporate Accounts offers staff loss prevention consulting services and our Claims Management Information System (CMIS) to assist our policyholders in tracking and managing their loss history performance.

Today, Corporate operates in 38 states and the District of Columbia and is the only Division of the company that writes directors, officers and managers, surety bonds and cyber liability coverages. We are one of the largest writers of rural telephone companies in the country.