The acquisition by Los Angeles-based Farmers Insurance Group® of Bristol West Holdings, Inc., which is based in Davie, Florida, was described as a “great fit” by Farmers officials and will enable Farmers to continue on its path of overall business growth. Bristol West began providing private passenger auto insurance to Florida residents in 1973, now operates in 26 states.
“Adding Bristol West’s non-standard auto insurance business to the Farmers platform is a great fit and will contribute to increase our outreach,” said Paul N. Hopkins, CEO of Farmers Group, Inc. “Their innovative product capabilities combined with Farmers’ distribution breadth and operational excellence will benefit our entire organization and, most importantly, our customers.”
“Among the many things we like about Bristol West is its reputation for stressing high-quality service to its customers and agents alike,” said F. Robert Woudstra, president and COO of Farmers Group, Inc. “They are the best in class when it comes to providing leading edge tools to manage their business, improve efficiencies, and deliver great service. Combine that with the overall strength and great reputation of Farmers and you have a winning combination with a very bright future.”
The non-standard auto insurance market is a growing one in the United States as it focuses on consumers with below-average driving records; consumers who drive unusual vehicles; and consumers who purchase short-term or limited auto coverage policies.