[Congressional Record (Bound Edition), Volume 151 (2005), Part 17]
[Extensions of Remarks]
[Pages 22926-22927]
[From the U.S. Government Publishing Office, www.gpo.gov]




 RECOGNIZING THE 50TH ANNIVERSARY OF SOUTH CAROLINA FARM BUREAU MUTUAL 
                           INSURANCE COMPANY

                                 ______
                                 

                        HON. JOHN M. SPRATT, JR.

                           of south carolina

                    in the house of representatives

                        Monday, October 17, 2005

  Mr. SPRATT. Mr. Speaker, I would like to join my colleagues in 
recognizing the South Carolina Farm Bureau Mutual Insurance Company, 
SCFBMIC, on its 50th Anniversary. As its motto--``Helping you is what 
we do best''--suggests, the South Carolina Farm Bureau Insurance 
Company has provided a wide range of financial services to the people 
of our state for half a century.
  South Carolina Farm Bureau Insurance came along at a time when South 
Carolina farmers were looking for better options in the way of 
obtaining good insurance coverage that was also affordable. Recognizing 
that need, the board members of the South Carolina Farm Bureau 
Federation went to work and secured a charter from the South Carolina 
Secretary of State on December 1, 1955. The result, 5 decades later, is 
a company that supplies a diversity of insurance products to

[[Page 22927]]

 South Carolinians from all walks of life. Among some of the services 
they now provide are, auto, home, and life insurance, as well as 
financial services such as banking, loans, IRA, and credit cards.
  I recall the year 1989 when the South Carolina Farm Bureau Insurance 
Company faced one of the biggest natural disasters in the history of 
our state: Hurricane Hugo. The South Carolina Farm Bureau rose to the 
occasion. It settled some 16,000 claims and paid out more than $71 
million. Then, in 1999, when Hurricane Floyd struck the coast, 90 
percent of reported claims were settled within one week, setting a 
model, if not a record, for expeditious claims management.
  Today, the South Carolina Farm Bureau Insurance Company has a 
presence in every county in the State, which is one reason they are 
able to provide such timely and quality service. Theirs is a name that 
folks know and trust. I am proud of their service to our State, and 
wish them the best as they celebrate their 50th Anniversary and look to 
the future.

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