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Page 8

INSURANCE MATTERS Onward and upward By Gary Buckner Executive Vice President and General Manager, Oklahoma Farm Bureau Insurance

am excited to report that 2019 proved to be a great year for Oklahoma Farm Bureau Insurance in many ways. We are projected to finish the year strong, albeit we weathered late storms. Ultimately, OKFB Insurance should close 2019 out with an increase in operating capital. I would like to take a moment to share with you some of the past year’s achievements. During the first quarter of 2019, we had positive profitability and growth in certain product lines. This is always encouraging before storm season. One of our biggest “atta boys” came in February when A.M. Best, a national credit rating service organization that specializes in insurance, upgraded our financial strength rating from a B+ to a B++. This is the third time in four years that we have received a financial strength rating increase from A.M. Best. Secondly, OKFB Insurance is the only company in the country that has received three rating increases in less than 10 years. This accomplishment could not have been done with out the hard work of all our employees and agents. Our service, integrity and experience has proved to not only Oklahomans but to the nation that we are among the best. We do not do what we do for accolades, but I hope you are as proud for your company as I am!

We did have a series of storms across our state during the third quarter, but ultimately, I believe this was a quieter year than some. Our claims department continued to highlight why OKFB Insurance is the best. Our adjustors and employees worked many of the claims within days of storm damage as OKFB Insurance continues to set a standard in customer service. I am also excited to announce that we are launching a new product to our insurance services. It is called Business Owners Policy or “BOP.” This product will provide more added benefits and protection for smaller businesses over and above some of our current commercial policies. We are still in the process of training — Gary Buckner our agents on the product, but we are excited to launch this product in 2020. This will be the first new insurance product introduced to OKFB Insurance in more than 30 years. With the holidays behind us, we look to a fresh start to a year that I am confident will be full of many more great accomplishments.

Our service, integrity and experience has proved to not only Oklahoma, but to the nation, that we are among the best.

8 — Oklahoma Country

Profile for Oklahoma Farm Bureau

Oklahoma Country – Winter 2020  

Oklahoma Country is the official magazine of Oklahoma Farm Bureau. Our winter issue features nine farm and ranch families recognized by the...

Oklahoma Country – Winter 2020  

Oklahoma Country is the official magazine of Oklahoma Farm Bureau. Our winter issue features nine farm and ranch families recognized by the...