About AFBIS Inc.
American Farm Bureau Insurance Services, Inc. was founded in June 1995 to provide support and quality service to Farm Bureau insurance companies. AFBIS, Inc. presently services crop insurance needs in multiple states. Headquartered in Schaumburg, IL, AFBIS, Inc. has two regional offices: Fargo, ND and Raleigh, NC.
AFBIS, Inc. offers a wide range of crop insurance services to meet the needs of our customers. These services include software to fully meet reporting requirements, underwriting reviews, claims handling, data entry, along with policy distribution and billing functions.
AFBIS, Inc. processes business for various agricultural lines of insurance. These include specific wind and hail policies. A complete array of Multiple Peril Crop Insurance plan types are processed including Revenue Protection, Yield Protection, Actual Production History, Area Risk Protection, and Whole Farm Revenue Protection. We also process the available Livestock products of Livestock Risk Protection, Livestock Gross Margin, and Dairy Revenue Protection.
December 27, 1994
December 27, 1994, Pat Marshall, American Agricutural Insurance Company (AAIC) Underwriting, sent a memo to Virgil Applequist, CEO (AAIC), proposing a new company, “The National Farm Bureau Crop Insurance Agency” .
A preliminary plan was presented to the AAIC Board of Directors at the March 8, 1995 meeting. It discussed a business plan for “American Farm Bureau Crop Insurance Agency”.
David Conover, AFBF Administrator, sent a note to Virgil Applequist on March 16, 1995 that contained an article from the Wall Street Journal. AFBIS seemed to be in the right place at the right time.
June 1, 1995
AFBIS began operation June 1, 1995, with a Corporate office at American Agricultural Insurance Company and American Farm Bureau Federation offices at 225 Touhy Avenue in Park Ridge, Illinois.