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Kentucky Farm Bureau Mutual Insurance Co. again received A.M. Best Co.’s superior rating for its financial strength.
A.M. Best graded the insurance company at A+ for the fifth consecutive year for 2008 performance, despite declines in investment income because of weak economic conditions and $140 million in underwriting losses resulting from record payouts of $227.4 million to policyholders from damages during a year of severe winter, summer and fall storms.
Kentucky Farm Bureau ended 2008 with more than 1.2 million policies in force and $1.6 billion in assets.
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