Company Research Report
Company Overview
Name, Mission of the Company
- Name: AFR Insurance
- Mission: To provide best-in-class insurance products and services to policyholders using leading-edge technology, trained, motivated, service-oriented employees, and community-minded agents.
When Was the Company Founded and By Whom
- Founded: 1905
- Founder: The membership organization, Oklahoma Farmers Union, founded AFR Insurance.
Key People in the Company
- President and Chief Executive Officer: Chad Yearwood
- Chief Financial Officer: Bernadette Autrey
- Director of Underwriting & Operations: Kimball Lynn
- Human Resources Director & General Counsel: Stacy Pederson
- Director of Pricing & Product Development: Trent Davis
- Agency Relations Director: Amanda Riddle
Where is the Company Headquartered
- Headquarters: Oklahoma City, Oklahoma
Number of Employees
- No information is available
Revenue of the Company
- No information is available
What is the Company Known For
AFR Insurance is recognized as a leading domestic insurance carrier in Oklahoma, specializing in Home, Auto, Farm & Ranch, and Life insurance. The company is known for its fast and fair claims process and community-oriented service.
Products
Homeowners Insurance
- Description: Coverage to protect homes and their contents.
- Key Features:
- Comprehensive coverage for a primary residence
- Protection against various perils
Auto Insurance
- Description: Policies for daily protection for cars and drivers.
- Key Features:
- Liability, medical expense, physical damage, and uninsured/underinsured motorist coverage
Farm & Ranch Insurance
- Description: Coverage for farms, which are both homes and livelihoods.
- Key Features:
- Comprehensive coverage for farm properties and operations
Life Insurance
- Description: Provides a variety of Term, Whole Life, and Annuity products.
- Key Features:
- Coverage at all stages of life
- Financial security and safety nets for beneficiaries
Dwelling Insurance
- Description: Protects different types of homes against various threats.
- Key Features:
- Coverage for full-time, seasonal, or tenant-occupied homes
Umbrella Insurance
- Description: Additional liability coverage.
- Key Features:
- Extra protection over existing coverage
Recent Developments
Awards and Recognitions
- 2024: AFR Insurance was named on the Forbes list of America's Best Insurance Companies.
New Products Launched
- Young Driver Protection Plan: Provides a 10-year level term life insurance coverage, convertible to a whole life plan.
- Key Features:
- $25,000 basic life insurance coverage
- $10,000 accidental death benefit
- Simplified underwriting process
- Low monthly premium of $12
New Features Added to Existing Products
- AFR Mobile CARE Unit: Launched to provide on-site help for policy members and support emergency response personnel following disasters.
- Key Features:
- Mobile unit available on call for natural disasters
- Comprehensive Adjusting Response Experience (CARE)
- Headquarters for quick claims processing
Partnerships and Initiatives
- Distracted Driving Awareness Campaign: Increased efforts to educate the public on safe driving practices.
This report reflects the most current available data on AFR Insurance. For further detailed inquiries, you may contact the company's administration directly.
