FCCS News & Insights

Risk Management Corner: New Name, Same Outstanding Service

A new corporate brand impacts every aspect of a business, and FCCS is no exception. The 2020 rebrand encapsulates the commitment of the entire organization to supporting clients into the uncertain future, including the Risk Management and Insurance Services (RMIS) team, which also manages the Farm Credit System Captive Insurance Company (the Captive).

“The new FCCS brand represents an exciting opportunity to reinforce the mission and purpose of the Captive insurance company and all of our risk management products and services,” says Brian Clanton, Senior Vice President of FCCS’s Risk Management and Insurance Services. “We’ve always been committed to thinking about what’s coming next, and the new tag line encapsulates that.”

The pandemic the country has been suffering is the most recent example of the RMIS team’s focus on the future and responsiveness to client needs. All industries, including those FCCS serves, have seen an uptick in cyber attacks, including email phishing, ransomware attacks and social engineering scams. FCCS was on the leading edge of including cyber coverage for all Farm Credit organizations, and over the past few months has been helping clients mitigate the impact of attacks, recover and continue or resume business operations quickly.

“Supporting Farm Credit clients by preparing for potential risks and ameliorating the outcomes when a risk event happens is the bedrock of what we do,” says Brian. “We continually work to identify new risks our clients may face and mitigation options available to them.”

Despite the challenges 2020 has presented, which have forced commercial insurance rates and costs per claim upwards, the Captive has been able to keep rates stable and anticipates delivering a dividend to members again in 2021, adding to the more than $120 million in dividend distributions to our members to date.

RMIS Services

• Captive Insurance and Alternative Risk Management
• Property and Casualty Risk Management
• Claims Administration
• Enterprise Risk Management

For more information about FCCS’s risk management and insurance services, contact Brian Clanton at 303.721.3281.