Company Profile
Federated Rural Electric Insurance Exchange
Company Overview
Federated Rural Electric Insurance Exchange is the leading provider of property and casualty insurance for rural electric cooperatives in 48 states. Federated's primary goal is to offer its members affordable insurance coverage over the long term, so they can focus on serving their communities and making them better, safer, and more vibrant places to live.
Company History
Founded By Cooperatives for Cooperatives
In 1957, the Insurance Commissioner for the State of Wisconsin issued an insurance license to Federated Rural Electric Insurance Corp. and by 1959, Federated had written its first policy. The Formation process had taken more than four years of meetings, planning and research by members of the Wisconsin Electric Cooperative (WEC) Job Training and Safety Committee. But at last they had set up an entity that allowed them to insure only electric cooperatives and start reaping the benefits of their excellent safety records.
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