"Insuring" the Future
Indiana Farm Bureau Insurance is formed.
Indiana Farm Bureau Insurance is licensed to sell life and automobile insurance.
President Lewis Taylor won his seat by advocating for the creation of the insurance company, defeating incumbent William Settle, who opposed its creation.
The first insurance policy was sold on April 14, 1935, to Taylor to insure his 1922 Ford Model T. His six-month premium was $6.30.