American Agri-Business Car Insurance Review 
American Agri-Business car insurance is offered in 48 states, in addition to specialty crop insurance. American Agri-Business received an A financial rating from AM Best.
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UPDATED: Jan 25, 2021
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- American Agri-Business offers several types of insurance coverage
- Crop insurance is a main focus of the company
- A.M. Best gave the company a strong rating and a stable outlook for future endeavors
American Agri-Business Insurance Company, headquartered in Lubbock Texas, is a fire and casualty company focused primarily on the needs of America’s farmers.
The company was originally founded in 1948 and is now a wholly-owned subsidiary of ARMTech Insurance Services Inc.
They are one of only a few insurance companies to provide such insurance on a national basis, and in fact, this insurance makes up the bulk of their business. Crop insurance protects farmers against financial loss due to several different kinds of crop failure.
More About American Agri-Business
In 2007, A.M. Best upgraded its ratings for American Agri-Business to B++ on news that its parent company, ARMTech Insurance, had reached an agreement with Endurance Specialty Holdings to be acquired 100%.
In 2009, A.M. Best raised the company’s financial strength rating (FSR) from A- to A and gave them a “stable” rating for future outlook among competing car insurance companies.
Recent financial disclosures indicate that American Agri-Business currently has assets in excess of $573 million, working capital of approximately $2 million, and a policy holder surplus of more than $14 million.
The company’s stable financial health means it remains in a good position to continue serving America’s farmers in the future.