Advertising Card for Agricultural Insurance Company - 1890 dated Insurance Card

Ad card for the Agricultural Insurance Company of Watertown, N.Y. Measures approximately 2 1/4" x 4 ". Front and back shown.

The American Agricultural Insurance Company was formed in 1948 as a capital stock company. It is owned by the “insurance company affiliates of various state Farm Bureau insurance companies and by AFBF.”It was reincorporated in 1954, and became a mutual carrier under the name American Agricultural Mutual Insurance Company, and then was reincorporated again in 1968 as a capital stock company under its current name. The Farm Bureau also owns crop insurer American Farm Bureau Insurance Services, formed in 1995. AAIC began selling crop insurance in 1997. In 1999, the AAIC purchased Nationwide-Re as part of its plan to expand into Non-Farm Bureau premium writings. The AAIC is a reinsurer primarily assuming business from Farm Bureau insurance companies. The company’s bylaws require its board of directors to include the president of the Federation and designated shareholders that are “affiliated with a state Farm Bureau organization that is a member of AFBF.” Read more at https://en.wikipedia.org/wiki/American_Farm_Bureau_Federation#American_Agricultural_Insurance_Company