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Farm Bureau Insurance Paying it Forward

Responding to economic stresses caused by the coronavirus emergency, Farm Bureau Insurance of Tennessee is issuing $30 million in special payments to auto policyholders, Chief Executive Officer Jeff Pannell announced Wednesday.
Pannell said Farm Bureau Insurance is opting to “pay it forward.”
The payment program is funded from Farm Bureau Insurance reserve funds, which are set aside to protect policyholders in catastrophes such as tornado outbreaks and massive hailstorms.
The special payment is based on 24.74 percent of two months auto premium paid for each vehicle covered. Farm Bureau Insurance covers approximately 1.2 million automobiles.

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