Farm Bureau Insurance Company of Idaho Logo

Farm Bureau Insurance Company of Idaho Risk Report

Generated on July 17, 2025

1

Risks

Summary

πŸ—οΈ Operational & Business Continuity

The Farm Bureau Insurance Company of Idaho has demonstrated significant operational agility, especially in terms of technological advancements and community engagement. The company's proactive measures have helped mitigate potential operational risks. The migration to a new cloud platform reflects a strategic investment in ensuring seamless operations and business continuity. Their commitment to supporting rural areas strengthens their community presence and operational resilience.

  • Farm Bureau Insurance Company of Idaho successfully completed a migration to the Guidewire Cloud platform, enhancing business agility πŸ—“ June 4, 2025.
  • The company donated $45,000 to wildfire protection efforts in rural communities, addressing potential operational impacts from natural disasters πŸ—“ June 21, 2025.
  • Their partnership with Akur8 aims to revolutionize pricing strategies, which could potentially streamline operations and improve market competitiveness πŸ—“ January 8, 2025.

πŸ… Awards & Recognition

Farm Bureau Insurance Company of Idaho has received multiple accolades, reflecting its strong market position and employee satisfaction. These recognitions can significantly bolster the company's reputation and employee morale, contributing positively to its business momentum and workforce stability.

  • The company was once again named a Top 50 Performer by Ward's, marking a consistent performance in the insurance sector πŸ—“ July 10, 2025.
  • They were recognized as one of the Top Idaho Workplaces, demonstrating a solid workplace culture and employee satisfaction πŸ—“ April 25, 2025.
  • Pocatello Insurance Firm, a part of the company, was lauded for its performance, reinforcing its market leadership position πŸ—“ July 10, 2025.

Profile

Founded Year
1947
Social Media
Specialties
auto insurance, farm and ranch insurance, homeowners insurance, renters insurance