President’s Report for November

The insurance board of KFB met Monday, November 19 at the home office. It was announced that the KFBloss ratio, as of October 31 was 110.96. This figures in a $5.9 million underwriting profit for October, even though auto was not profitable in October. So let’s see, that’s 3 out of the last 4 months that we have […]

Agency Perspective by Michael Davis

Rip off the mirror and keep driving Kentucky Farm Bureau has spent a lot of time and effort to explain to all of us how the actions of our past have us where we are today. Yes, I get it. I suppose it’s the thought that if we do not remember our past we are […]

Out of County Business: Problems or Partnership?

by Danny J Luttrell Since I started with Farm Bureau in 1988, it seems that “out of county” business has always been a hot topic of discussion among the agency force. I have seen some agents get so angry in various meetings when discussing problems with out of county business, that I was afraid they would […]

Agency Perspective by Bryan Carroll

To be Preferred or Profitable? That is the question. If you can believe it, I am thinking about profitability. We are looking to increase revenue, a simple idea. Everyone has a few clients on the books that deal in rental property. The majority of the properties do not look like the preferred risk property we […]

Teamwork: Helpful Tips For Assisting Adjusters

by George Bates Our “titles” are spelled differently but we all have the same job of “serving the member.” In the spirit of teamwork, I offer the following; As agents, you are almost always the first person to become aware of the claim and gather very valuable information at FNOL. One good reminder for all of […]

Presidents report for October

The Kentucky Farm Bureau Insurance Board met October 18, 2012. The first item discussed was the underwriting profits for the month of September. Kentucky Farm Bureau has made $13.1 million in profit, bringing our loss ratio for the year down to 113.2% So after losses, reinsurance reimbursements, expenses, gains in the stock market, and the […]